Property profile

7901 John W Carpenter Fwy Dallas, TX 75247

OFF-MARKET
Office buildings
Property ID
US82-0788947
11,687 SF 1.57 ac lot Built 1957
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 17,254 square foot, two-story office building, situated on a 1.57-acre lot in Dallas, Texas, presents a compelling owner-user opportunity. Located at 7901 John W. Carpenter Freeway, this Class C property benefits from a prime location within the Stemmons Freeway submarket, boasting high traffic counts and proximity to affluent neighborhoods and thriving business districts like Brookhollow and the Dallas Design District. The building underwent approximately $500,000 in renovations in 2022. Its flexible Industrial Research zoning allows for diverse uses, including industrial, wholesale distribution, storage, office, and retail, offering excellent long-term redevelopment potential. The property features ample parking with 18 spaces in front and an additional 50 secured spaces in the rear, providing a generous 3.94/1,000 SF ratio. A large, approximately 19,000 square foot rear lot offers additional storage or outdoor display space. Security features include a gated and keypad-secured lot, a security system, and floodlights. An existing billboard provides potential for supplemental income. The asking price is $3,295,000. This multi-tenant building is ideal for a variety of businesses seeking a versatile and well-located space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1957
Construction TILT-UP CONCRETE
Total area 11,687 SF
Lot 1.57 ac (68,346 SF)
Zoning code Z116
APN 779110000100
UPID US82-0788947

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
  • Radio Station Telecommunications Service
  • Charitable Organization Social Service Agency
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Physician
  • Radio Station Telecommunications Service

Location

7901 John W Carpenter Fwy Dallas, TX 75247-4832
Dallas metro Census 10003 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$754k
Blend (final) Blend
$645k

Owner & transaction history

since 2018
5 recorded transactions
2025
Price N/A
2025
Price N/A
2024
Price N/A
2018
Price N/A
2009
Price N/A

Zoning & alternative use

Z116 · Dallas, TX
Top alternative use upside
Neighborhood: shopping center $825,000 +5.4%
Commercial (general) $800,000 +1.9%
Medical building $795,000 +1.2%

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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