10807 Hwy Dallas, TX 75238
- Office Properties & Spaces
- 6,662 SF
- 1.00 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 10807 Hwy
- Year built
- 1969
- Lot size
- 1.00 lot acres
- Property size
- 6,662 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Office space
Description
This exceptional investment opportunity presents a single-tenant, 6,662 square foot Class B office building located at 10807 E NW Hwy, Dallas, TX 75238, in the desirable White Rock market, approximately 20 minutes from downtown Dallas. The property, built in 1969 and renovated in 2013, sits on one acre and features a single-story structure. Currently 100% occupied by RE Tech Advisors, a portfolio company of Blackstone, under a Net Lease (NNN) agreement, the property offers a strong, stable income stream. The lease commenced July 1, 2022, with a remaining term of approximately 2.6 years (expiring June 20, 2027), and includes two, five-year lease options. The asking price is $2,371,765, representing an 8.50% cap rate and a Net Operating Income (NOI) of $201,600. This presents a compelling investment opportunity with significant potential for value-add improvements in the future. The tenant's strong financial backing provides security and stability for long-term growth. The property's prime location and excellent accessibility contribute to its high market demand.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.697
- Latitude
- 32.8648
