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Property profile

1704 Orleans St Dallas, TX 75226

OFF-MARKET
Refrigerated & Cold Storage
View Sample
15,000 SF 1.07 ac lot

Property summary

AI-generated overview

This exceptional investment opportunity presents a 15,000-square-foot, single-tenant net lease (STNL) cold storage industrial property situated on 1.07 acres in the heart of Dallas, Texas. Located at 1704 Orleans Street, zip code 75226, this property enjoys a prime location at the convergence of I-30 and I-45, within a designated Opportunity Zone. The tenant, Thomas Mushroom & Specialty Produce, a well-established business with multiple locations, has approximately five years remaining on their lease, with a five-year option to renew, featuring 3% annual rent increases in both the primary and option terms. This provides a stable and growing revenue stream of $228,351 in net operating income (NOI). The property benefits from ample outside storage and parking. Its strategic location near Deep Ellum, Fair Park, and the Cedars, within a high-barrier-to-entry infill market, offers significant long-term upside potential for future redevelopment or repositioning, given the surrounding concentration of multi-family, retail, office, and industrial assets. The net lease structure minimizes management responsibilities, making it ideal for passive or 1031 exchange investors. The property's address is 1704 Orleans St, Dallas, TX 75226, with APN 99071015550000000. This rare opportunity combines immediate income with substantial long-term growth potential in a thriving urban core.

Property profile

Verified
Property type Refrigerated & Cold Storage
Total area 15,000 SF
Lot 1.07 ac (46,609 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Agricultural Supply Food Market
  • Big Box & Wholesale Store
  • Food Market Farmer's Market
  • Agricultural Supply Food Market

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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