Office Building with Conference
For Sale
$1,200,000
206 Sunset Ave, Dallas, TX 75208
Five-office layout includes two restrooms, a full break room, front parking, and a security system.
Property Size1,794 SF
Price / SF$668.90
Days on Market92
Property Features for 206 Sunset Ave
General Information
Standard status
Active
Size
1,794 SF
Building Details
Year Built
2006
Listing Agency:
Champion Realty
Listed By:
Dan Ramirez · License #0364485
(210) 416-5400
Source:
Heritance
Added: Jul 20
Changed: Oct 3
Last Checked: Oct 7 at 3:24PM
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 Champion Realty
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Investment Insights
Based on property information with market context.
This office building is configured with five large offices, including one that can serve as a conference room, along with two restrooms. The interior includes marble flooring, a full break room, and a security system. The property is currently used as a law office and includes parking positioned in front of the building.
The property is located in Dallas near the Bishop Arts District. Its existing office configuration and current professional-office use provide a clearly defined commercial layout for continued office occupancy.
The property is located in Dallas near the Bishop Arts District. Its existing office configuration and current professional-office use provide a clearly defined commercial layout for continued office occupancy.
Key Highlights
- Five large offices, including one adaptable for conference use
- Two restrooms support the existing office layout
- Marble flooring and a full break room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,139
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,062,780
$2.1M
Cap Rate 7%
$1,473,414
$1.5M
Cap Rate 9%
$1,145,989
$1.1M
Market Conditions
NOI Build-Up for 1,794 SF
Gross rent
$183.8K $102.48/SF
− Vacancy
−$46.3K −$25.82/SF
EGI
$137.5K $76.66/SF
− OpEx
−$34.4K −$19.16/SF
NOI
$103.1K $57.49/SF
Area
Dallas, TX
Vacancy
25.20%
Lease Rate
$102.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,062,780
Cap Rate 7%
$1,473,414
Cap Rate 9%
$1,145,989
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $103,139 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,686 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,193
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Dallas, TX
Frequently Asked Questions
What type of property is this?
Office building - Five-office layout includes two restrooms, a full break room, front parking, and a security system.
Where is this office building located?
The property is located at 206 Sunset 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: Five large offices, including one adaptable for conference use; Two restrooms support the existing office layout; Marble flooring and a full break room
