Building Details

Year Built 1988

Year Renovated 2026

Listing Agency: White Dove Capital

Listed By: Ahmad Mohammad · License #TX

Source: Crexi

Added: Mar 26 Changed: Oct 10 Last Checked: Oct 19 at 7:08AM

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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 White Dove Capital

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Investment Insights

Based on property information with market context.

This 2,707-square-foot medical office property was built in 1988 and offers an adaptable interior arrangement for medical, healthcare, and professional office operations. The layout is described as capable of supporting multiple configurations, providing practical flexibility for owner-users or investors. The property is located at 1717 N Garrett Ave in Dallas, Texas, near Downtown Dallas and Lower Greenville. Its position near major thoroughfares provides access for clients and staff, with dense residential surroundings and active commercial activity in the broader area. The building is being modernized, with updated finishes and systems planned as part of the current work.

Key Highlights

• 2,707‑square‑foot medical office property
• Built in 1988
• Flexible layout supports multiple office configurations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,083

Cap Rate

2.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$701,660 $701.7K

Cap Rate 7%

$501,186 $501.2K

Cap Rate 9%

$389,811 $389.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,707 SF

Gross rent

$65.0K $24.00/SF

− Vacancy

−$6.5K −$2.40/SF

EGI

$58.5K $21.60/SF

− OpEx

−$23.4K −$8.64/SF

NOI

$35.1K $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 Rate 5%

$701,660

Cap Rate 7%

$501,186

Cap Rate 9%

$389,811

Alternative Uses

Best Use

Office B

$2.22M

$1.95M – $2.59M (±1% cap)

NOI $155,629 @ 7.0% cap · market cap 12.97%

Second Best

Healthcare Medical

$501.2K

$438.5K – $584.7K (±1% cap)

NOI $35,083 @ 7.0% cap · market cap 2.92%

Theoretical Best

Office A

$3.25M

$2.84M – $3.79M (±1% cap)

NOI $227,372 @ 7.0% cap · market cap 18.95%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

WellMed at North Garrett Medical Clinic Family Medical Clinic: ... Employment Agency Family Medical Clinic: ... Employment Agency Family Medical Clinic: ... Employment Agency Burke Family Medical ... Medical Clinic

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom Computer & Electronic Repair Nursing Home Building Supply Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,653

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 75206, TX

40,386

Population

25,844

Households

1.6

Avg Household Size

32

Median Age

77%

College-Educated

97%

High-School Grad

4.2 sq mi

ZIP Area

9,616

Density / Sq Mi

$88,464

Median Household Income

$69,953

Median Earnings

$1,715

Median Rent

$557,500

Median Home Value

Market

Vacancy Rate% for Office in Dallas, TX

19.2% 2019

21.1% 2020

21.5% 2021

21.6% 2022

22% 2023

26.2% 2024

25.9% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Flexible interior layout supports medical, healthcare, and professional office configurations.

Where is this medical office space located?

The property is located at 1717 N Garrett Ave Dallas, TX.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 2,707‑square‑foot medical office property; Built in 1988; Flexible layout supports multiple office configurations