Freestanding Medical Office
800 N Bishop Avenue 2, Dallas, TX 75208
For Sale
$1,569,600
Commercial zoning and an established medical-office presence support continued office use.
Property Size5,232 SF
Days on Market49
Property Features for 800 N Bishop Avenue 2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
United Real Estate
Listed By:
Alexandra Fincher · License TX #0197208
(972) 342-2932
Source:
Baerealty
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 10 at 3:56PM
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 United Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1963, this freestanding medical office building has an established medical-office presence and commercial zoning.
The property is on Bishop Avenue in Dallas, with access to I-35E and connections to Downtown Dallas, Methodist Dallas Medical Center, and the Bishop Arts area.
The property is on Bishop Avenue in Dallas, with access to I-35E and connections to Downtown Dallas, Methodist Dallas Medical Center, and the Bishop Arts area.
Key Highlights
- Freestanding medical office building
- Built in 1963
- Commercial zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,807
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,140
$1.4M
Cap Rate 7%
$968,671
$968.7K
Cap Rate 9%
$753,411
$753.4K
Market Conditions
NOI Build-Up for 5,232 SF
Gross rent
$125.6K $24.00/SF
− Vacancy
−$12.6K −$2.40/SF
EGI
$113.0K $21.60/SF
− OpEx
−$45.2K −$8.64/SF
NOI
$67.8K $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%
$1,356,140
Cap Rate 7%
$968,671
Cap Rate 9%
$753,411
Alternative Uses
Best Use
Office B
$4.30M
$3.76M – $5.01M
NOI $300,794 @ 7.0% cap · market cap 19.16%
Second Best
Healthcare Medical
$968.7K
$847.6K – $1.13M
NOI $67,807 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$6.28M
$5.49M – $7.32M
NOI $439,458 @ 7.0% cap · market cap 28.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,172
Businesses Nearby
Under-served
Demand for This Use
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
$415,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Dallas, TX
Properties on Market for Medical Office Space in Dallas
Vacancy Rate% for Office in Dallas, TX
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial zoning and an established medical-office presence support continued office use.
Where is this medical office space located?
The property is located at 800 N Bishop Avenue 2 Dallas, TX.
What is the asking price?
The asking price for this property is $1,569,600.
What are key features of this property?
This property features: Freestanding medical office building; Built in 1963; Commercial zoning designation
