Versatile Commercial Property Near Harry
For Sale
$950,000
9738 Brockbank Drive, Dallas, TX 75220
High-traffic location with two units and income potential.
Property Size2,425 SF
Price / SF$391.75
Days on Market109
Property Features for 9738 Brockbank Drive
General Information
Standard status
Active
Size
2,425 SF
Property subtype
Commercial
Zoning
CS
Building Details
Building Size
2,425 SF
Year Built
2002
Stories
1
Units
2
Listing Agency:
Trinity Group Realty
(817) 941-6454
Listed By:
Katy Reeves · License #0773315
(806) 626-9575
Source:
Signaturere
Added: Apr 22
Changed: Aug 8
Last Checked: Aug 8 at 2:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Group Realty
Investment Insights
Based on property information with market context.
This commercial property is located near Harry Hines Blvd, offering access to I-35E, Loop 12, and Northwest Highway. The property features two separate units. Currently, one unit operates as a food truck commissary kitchen equipped with an electric oven and a walk-in cooler. The other unit is currently operating as a barbershop. The property is suitable for a range of commercial activities, including retail, automotive, office, restaurant, service businesses, warehouses, and light manufacturing. It benefits from high visibility, strong traffic counts, and proximity to the medical district, Love Field Airport, and major commercial hubs.
Key Highlights
- Prime location with unbeatable access to major highways (I‑35E, Loop 12, Northwest Highway) and high‑traffic Harry Hines Blvd.
- Versatile property suitable for a broad range of commercial activities.
- Two separate units providing immediate income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,763
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$835,260
$835.3K
Cap Rate 7%
$596,614
$596.6K
Cap Rate 9%
$464,033
$464.0K
Market Conditions
NOI Build-Up for 2,425 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.5K $24.12/SF
− Vacancy
−$2.8K −$1.16/SF
EGI
$55.7K $22.96/SF
− OpEx
−$13.9K −$5.74/SF
NOI
$41.8K $17.22/SF
Area
Dallas, TX
Vacancy
4.80%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$835,260
Cap Rate 7%
$596,614
Cap Rate 9%
$464,033
Alternative Uses
Best Use
Specialty Retail
$596.6K
$522.0K – $696.1K
NOI $41,763 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$557.4K
$487.7K – $650.3K
NOI $39,019 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$2.91M
$2.55M – $3.39M
NOI $203,686 @ 7.0% cap · market cap 21.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 22%
Electronics 6%
Exxon
Shops & Services
8,522 visits/mo
0.2 miles
Church's Chicken
Dining
4,601 visits/mo
0.4 miles
Cash America
Shops & Services
2,474 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
2,124 visits/mo
0.5 miles
7-Eleven
Shops & Services
2,098 visits/mo
0.3 miles
Demographics for 75220, TX
39,627
Population
15,589
Households
2.5
Avg Household Size
32
Median Age
23%
College-Educated
61%
High-School Grad
11.3 sq mi
ZIP Area
3,507
Density / Sq Mi
$57,787
Median Household Income
$33,127
Median Earnings
$1,164
Median Rent
$449,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-traffic location with two units and income potential.
Where is this mixed-use property located?
The property is located at 9738 Brockbank Drive Dallas, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location with unbeatable access to major highways (I‑35E, Loop 12, Northwest Highway) and high‑traffic Harry Hines Blvd.; Versatile property suitable for a broad range of commercial activities.; Two separate units providing immediate income potential.
