Office Building with Private
For Sale
Contact for pricing
329 Centre Street, Dallas, TX 75208
Flexible office layout with conference areas, reception space, secure storage, natural light, and off-street parking.
Property Size5,000 SF
Price / SF$0.00
Days on Market47
Property Features for 329 Centre Street
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
10
Property subtype
Business
Site & Location
Neighborhood
Ruthmeade Place
Highway Access
Yes
Amenities
private offices
conference areas
reception space
secure storage
ample natural light
Building Details
Year Built
1962
Buildings
1
Listing Agency:
NB Elite Realty
(214) 296-9695
Listed By:
Monica Rodriguez · License #0787413
(844) 444-6237
Source:
Lonestarluxuryrealty
Added: Sep 13
Changed: Oct 29
Last Checked: Oct 28 at 7:18AM
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 NB Elite Realty
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Investment Insights
Based on property information with market context.
This 5,000-square-foot office building, constructed in 1962, provides a flexible professional layout with private offices, conference areas, reception space, secure storage, and abundant natural light. The property includes approximately 10 off-street parking spaces along with additional parking at the rear.
Located in North Oak Cliff, the building is near the Bishop Arts District and minutes from Downtown Dallas. Access to major Dallas highways supports convenient connections throughout the area. The combination of private work areas, shared meeting space, reception facilities, storage, and on-site parking accommodates a range of office operations.
Located in North Oak Cliff, the building is near the Bishop Arts District and minutes from Downtown Dallas. Access to major Dallas highways supports convenient connections throughout the area. The combination of private work areas, shared meeting space, reception facilities, storage, and on-site parking accommodates a range of office operations.
Key Highlights
- 5,000‑square‑foot office building constructed in 1962
- Private offices, conference areas, reception space, and secure storage
- Approximately 10 off‑street parking spaces plus additional rear parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,456
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,749,120
$5.7M
Cap Rate 7%
$4,106,514
$4.1M
Cap Rate 9%
$3,193,956
$3.2M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$512.4K $102.48/SF
− Vacancy
−$129.1K −$25.82/SF
EGI
$383.3K $76.66/SF
− OpEx
−$95.8K −$19.16/SF
NOI
$287.5K $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%
$5,749,120
Cap Rate 7%
$4,106,514
Cap Rate 9%
$3,193,956
Alternative Uses
Best Use
Office B
$4.11M
$3.59M – $4.79M
NOI $287,456 @ 7.0% cap · market cap 1,512,926.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.00M
$5.25M – $7.00M
NOI $419,971 @ 7.0% cap · market cap 2,210,373.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,254
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 - Flexible office layout with conference areas, reception space, secure storage, natural light, and off-street parking.
Where is this office building located?
The property is located at 329 Centre Street Dallas, TX.
What are key features of this property?
This property features: 5,000‑square‑foot office building constructed in 1962; Private offices, conference areas, reception space, and secure storage; Approximately 10 off‑street parking spaces plus additional rear parking
