4312 Elm St - Office/Residential FOR SALE


Dallas, TX 75226- Old East Dallas
$1,100,000 USD
214-335-4068
4312 Elm St, Dallas, TX for Sale
$1,100,000 USD
Office/Residential - FOR SALE
1/21
null | Request Cap Rate

4312 Elm St
Dallas, TX 75226
Old East Dallas


HIGHLIGHTS

  • Priced Well Below Replacement Cost at $137.02 PSF
  • Recent Leasing Activity Moments Away from $12.00 to $17.00 PSF NNN
  • 9.12% Pro Forma Cap Rate at List Price Contemplates Lease Up at $12.50 PSF NNN
  • Complete Streets Project Anticipated Start in Summer 2025 (Enhanced Pedestrian & Modal Experience)
  • Tower 22 District; Emerging Creative District Positioned where Santa Fe Trail Meets Deep Ellum
  • Total Daytime Population Exceeds 544,400 People in 5-Mile Radius

OVERVIEW

4312 Elm Street is an infill value-add investment in the East Dallas Submarket between Lakewood and the Deep Ellum entertainment and office district in Dallas, Texas. The Property is situated adjacent to Main Street corridor, within the Tower 22 District, minutes from Downtown Dallas on Elm Street. 4312 Elm Street is an 8,028 SF masonry construction asset consisting of a turn-key 4,764 SF ground floor suite with creative office/retail potential and a 3,264 SF second floor space with direct access to Elm Street. The Property benefits from masonry construction, excellent visibility on Elm Street, a highly relevant courtyard featuring exposed brick and pergola and two car garage. Recent submarket leasing activity has demonstrated rents from $12.00 to $17.00 PSF NNN for turnkey or recently renovated retail and office space. The Property is priced well below replacement cost at just $137.02 PSF to the building. Pro forma estimates contemplate achieving a 9.12% cap rate at list price by renovating the existing second floor and leasing up both suites at $12.50 PSF NNN.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4312 Elm Street

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1918

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CS

APN/PARCEL ID

00000126619000000

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.