Two-Tenant Medical Office
New
For Sale
$1,695,000
820 N Zang Boulevard, Dallas, TX 75208
Standalone professional property includes an occupied dental suite and a second space available for medical or retail use.
Property Size4,182 SF
Price / SF$405.31
Days on Market1
Property Features for 820 N Zang Boulevard
General Information
Standard status
Active
Size
4,182 SF
Building Details
Year Built
2003
Listing Agency:
Sonya Realty, LLC
Listed By:
Sonya Rafie · License #0330549
(972) 948-9200
Source:
Yourdavisteam
Added: Sep 13
Last Checked: Sep 13 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sonya Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2003, this standalone office property contains approximately 4,182 square feet on a 0.32-acre site. The two-suite layout includes a 2,396-square-foot space occupied by a dental practice and a 1,785-square-foot suite available for medical or retail use. Flexible floor plans, on-site parking, and monument signage support a range of professional applications.
The property is positioned on N Zang Boulevard in Dallas, near the Bishop Arts District and Methodist Medical Center. Access to I-35E and I-30, along with walking-distance proximity to the Dallas Streetcar, connects the building to major transportation routes and nearby destinations.
The property is positioned on N Zang Boulevard in Dallas, near the Bishop Arts District and Methodist Medical Center. Access to I-35E and I-30, along with walking-distance proximity to the Dallas Streetcar, connects the building to major transportation routes and nearby destinations.
Key Highlights
- Approximately 4,182 SF office‑medical building on a 0.32‑acre site
- Two‑suite configuration: Ste #110 measures 2,396 SF and Ste #120 measures 1,785 SF
- Ste #110 is leased to a dental practice
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,199
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,980
$1.1M
Cap Rate 7%
$774,271
$774.3K
Cap Rate 9%
$602,211
$602.2K
Market Conditions
NOI Build-Up for 4,182 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.4K $24.00/SF
− Vacancy
−$10.0K −$2.40/SF
EGI
$90.3K $21.60/SF
− OpEx
−$36.1K −$8.64/SF
NOI
$54.2K $12.96/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,980
Cap Rate 7%
$774,271
Cap Rate 9%
$602,211
Alternative Uses
Best Use
Office B
$3.43M
$3.01M – $4.01M
NOI $240,429 @ 7.0% cap · market cap 14.18%
Second Best
Healthcare Medical
$774.3K
$677.5K – $903.3K
NOI $54,199 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$5.02M
$4.39M – $5.85M
NOI $351,264 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 75208, TX
29,446
Population
13,655
Households
2.2
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
6.1 sq mi
ZIP Area
4,827
Density / Sq Mi
$76,502
Median Household Income
$48,460
Median Earnings
$1,589
Median Rent
$415,200
Median Home Value
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Market
Vacancy Rate% for Office in Dallas, TX
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Frequently Asked Questions
What type of property is this?
Office building - Standalone professional property includes an occupied dental suite and a second space available for medical or retail use.
Where is this office building located?
The property is located at 820 N Zang Boulevard Dallas, TX.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Approximately 4,182 SF office‑medical building on a 0.32‑acre site; Two‑suite configuration: Ste #110 measures 2,396 SF and Ste #120 measures 1,785 SF; Ste #110 is leased to a dental practice
