11152 Morrison Ln Dallas, TX 75229
- Showrooms
- 1,250 SF
- 4.10 lot acres
Current Use by Public Records
- Concrete Technician Training Center / Association / Organization
Property Details for 11152 Morrison Ln
- Year built
- 1981
- Construction
- TILT-UP CONCRETE
- Lot size
- 4.10 lot acres
- Property size
- 1,250 SF
- Zone code
- Z116
- Property type
- Showrooms
- APN
- 00C69090001115200
- APU
- 00C69090001115200
Description
This exceptional 1,250-square-foot flex space industrial condo in Dallas, Texas, presents a lucrative investment opportunity. Located at 11152 Morrison Ln, 75229, this Class B property boasts a 5.60% cap rate and a strong net operating income (NOI) of $17,500, reflecting a 100% occupancy rate. The asking price is $312,500, translating to $250 per square foot. The single-story building, renovated in 2022, features a 12-foot ceiling height, one loading dock, and is zoned IR. The interior layout is ideal for owner-users, including two offices, a small reception area, and a warehouse space accessed via a grade-level overhead door. This net lease investment offers a compelling combination of income generation and functional space, making it an attractive option for both investors and business owners seeking a turnkey solution. The property's prime location in Dallas County ensures easy access to major transportation routes and a thriving business community. This is a rare opportunity to acquire a high-performing, fully occupied industrial condo in a desirable market. The property is offered for sale by owner.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Dallas
- State
- Texas
- Longitude
- -96.8925
- Latitude
- 32.8851
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
