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Property profile & analytics
OFF-MARKET Estimated value $705,000
Showrooms

3005 Commerce St Dallas, TX 75226-1627

5,000 SF 0.11 ac lot Built 1946
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US82-0346698
Property summary
AI-generated overview

This exceptional Class A mixed-use property, located in the heart of Dallas' vibrant Deep Ellum neighborhood at 3005 Commerce St, offers 8,500 square feet of versatile space across two buildings on a 13,189 sq ft lot. Built in 1946 and extensively renovated in 2020, this property boasts a unique architectural style, blending modern design elements with a tranquil Japanese-style garden. The property's flexible zoning (PD 269) allows for a variety of uses, including bar, executive office, and restaurant, reflecting its past use as an art gallery, event venue, creative office, and private residence. The main entrance on Main Street leads through the serene garden, creating a sophisticated and inviting atmosphere. The property's minimal and sculptural design, incorporating glass, steel, wood, and concrete, provides a light and airy feel. With its prime location, modern amenities, and flexible zoning, this property presents a rare opportunity for a discerning investor or user seeking a high-end, versatile space in one of Dallas' most sought-after neighborhoods. The property is currently vacant, providing immediate occupancy for the new owner. The asking price is $4,950,000.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1946
Construction TILT-UP CONCRETE
Total area 5,000 SF
Lot 0.11 ac (5,000 SF)
Zoning code Z239
APN 104170000000
UPID US82-0346698
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Global Fashion News Newspaper & Magazine Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$720k
Blend (final) Blend
$705k
Owner & transaction history
Gregory W Fussell · 21 yrs held
Gregory W Fussell
since 2005
2 recorded transactions
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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