Technical
Financial
Distress signals
Property profile

1601 S Ervay St Dallas, TX 75215

FOR LEASE
Warehouses
Property ID
US82-2114100
34,158 SF 0.5 ac lot Built 1935
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional multi-use commercial property, located at 1601 S Ervay St in Dallas, Texas, 75215, presents a unique investment opportunity. The property boasts a total of 25,000 square feet across three buildings, each spanning two stories. Currently, the entire 25,000 square feet is available for lease, offering significant flexibility for a variety of commercial uses. Built in 1935, this historic property sits on a substantial 109,207 square foot lot, providing ample space for expansion or outdoor amenities. The buildings are configured to accommodate multiple tenants, with spaces ranging from approximately 2,430 square feet up to the entire 25,000 square foot footprint. The property is ideal for businesses seeking a prominent location in a vibrant Dallas neighborhood. Note that there are no elevators in the buildings. This is a rare chance to acquire a large, versatile commercial space in a highly desirable area of Dallas. The property's size and location make it suitable for a wide range of commercial ventures, from retail shops and restaurants to office spaces and creative studios. Contact us today to learn more about this exciting opportunity.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1935
Construction TILT-UP CONCRETE
Total area 34,158 SF
Lot 0.5 ac (21,898 SF)
Zoning code Z239
APN 000449000A0010100
UPID US82-2114100

Cap rate & NOI

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

Location

1601 S Ervay St Dallas, TX 75215
Dallas metro Census 20402 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
by Request
Comparable Approach Comparable
$994k
Blend (final) Blend
$745k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

Z239 · Dallas, TX

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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