$11,005,000
8.9% cap · 42,050 sq ft RBA · Class C
6885 N Bishop Ave
Dallas, TX 75225
Listed 5 weeks ago$262/sq ft
01 / 08
For SaleIndustrial
$10,205,000
657 Greenville Ave
Uptown · Dallas, TX 75205
$151/sq ft40 days on market914 views18 saves
Key facts
- Interior
- 67,560 sq ft
- Lot
- 3.01 acres
- Year built
- 1965
- Property type
- Industrial
- Price / sq ft
- $151/sq ft
- Annual taxes
- $177,570
- Days on market
- 40
Getting around
Walk Score94
Walker's Paradise
Transit Score57
Good Transit
Bike Score69
Bikeable
About this property
Value-add industrial facility in Uptown with below-market rents rolling inside the next cycle. Current NOI supports the 6% going-in yield with room above it as leases reset.
Investment summary
Investment summary
Cap rate
6.00%
Net operating income ÷ price
Net operating income
$612,300
Annual, after operating expenses
Cash-on-cash
+0.7%
$20,037 annual cash flow on $3,061,500 equity
Occupancy81%
54,724 sq ft leased of 67,560 sq ft
- Tenants
- 2
- Rentable area
- 67,560 sq ft
- Price / sq ft
- $151/sq ft
- WALE
- 3.1 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- I-2
- Parking
- 82 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $592,263 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Cross-Dock Configuration
Building & Community
- Cold Storage
Highlights
- Three-Phase Power
- 32' Clear Height
- Value-Add Upside
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2017-03-27 | Sold | $8,055,000 |
| 2026-06-15 | Listed | $10,205,000 |
Location
Uptown, Dallas — Dallas County
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Approximate location · Uptown
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Estimated monthly
$68,840/mo
- Principal & interest74%$51,066
- Property tax21%$14,798
- Home insurance4%$2,977
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $8,164,000 · 30 yr · 6.40%
