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    Freestanding Medical Office Building Title is generated by Realmo AI

    2823 Kendale Drive, Dallas, TX 75220

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    Claim this Listing
    For Sale
    $650,000

    SINGLE_FAMILY - Dallas, TX

    Type:Office
    Lot size:
    0.33 Acres
    Added:
    May 12, 2026
    Days on Market:
    23
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 2823 Kendale Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Parking features
    Parking Lot
    Security features
    Security
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    00000433735000000
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Description
    COONS & TRIGGS BLK 5/5778 LOT 8A & PT LOT 8B
    Tax Annual Amount
    18009

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Laminate
    Building materials
    Brick, Rock, Stone, Stucco
    Roof type
    Tar/Gravel

    We can help!

    Listing Contact
    Tuan Nguyen
    Tuan Nguyen

    Listing agent Tuan Nguyen License #0520866

    Listing office AMX Realty FRISCO, TX

    Listing date May 12, 2026

    MLS# 21007110

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Free‑standing office building currently used as a dental office
    • Zoned for office or medical use
    • Electric and central heating; central air cooling
    • Parking lot on‑site; accessible approach with ramp
    • Year built 1948; brick/rock/stone/stucco construction; tar/gravel roof
    • Served by public water and public sewer

    Overview

    This free-standing office building is currently operating as a dental office, with dental equipment negotiable for a qualified buyer. The property is suited to professional users who want a dedicated, easily recognizable healthcare setting, with the added flexibility of office/medical zoning. It also offers practical onsite parking and a layout built around day-to-day patient and staff workflow.

    The building benefits from great traffic count and visibility, supporting steady exposure for a medical practice, professional office, or related service concept. It is located close to Love Field, in Dallas, at 2823 Kendale Drive, Dallas, TX 75220, making it a convenient option for local patients and clients.

    For buyers or operators, the zoning for office or medical use provides room to maintain the current dental use or pivot to another professional office strategy, depending on the buyer’s goals. Dental equipment negotiability can help reduce initial startup friction for the right operator, while the overall configuration supports a range of office-oriented tenants seeking a standalone property with parking and strong street presence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lumint Family Dental Dental Office Dr. Hieu N. ... Dental Office Nguyen William H ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Equiplex Veterinary Hospital: Herndon Jr James H MD — Dallas, TX 75220

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Collin
    State
    Texas
    Longitude
    -96.875058
    Latitude
    32.859216

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    FAQs

    What type of property is this?
    Medical Office Space - Free-standing dental office with strong visibility, parking, and office/medical zoning for flexible healthcare or office uses.
    Where is this medical office space located?
    The property is located at 2823 Kendale Drive Dallas, TX.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Free‑standing office building currently used as a dental office; Zoned for office or medical use; Electric and central heating; central air cooling
    (469) 644-7432
    We can help!
    Listing Contact
    Tuan Nguyen
    Tuan Nguyen
    Real Estate License ID: 0520866
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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