Medical Office Building with Flex
For Sale
$1,900,000
817 W Jefferson Boulevard, Dallas, TX 75208
Configured medical suites include reception areas, private rooms, bathrooms, and storage, with additional space for office or business operations.
Property Size11,001 SF
Lot Size0.49 Acres
Price / SF$172.71
Days on Market47
Property Features for 817 W Jefferson Boulevard
General Information
Standard status
Active
Size
11,001 SF
Total Parking Spaces
21
Lot size
0.49 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Warehouse Space
4,779 SF
Building Details
Year Built
1983
Buildings
1
Building Size
11,001 SF
Listing Agency:
Century 21 Mike Bowman, Inc.
(817) 354-7653
Listed By:
Fernando Ramsey · License #0579124
(817) 913-2023
Source:
Lonestarluxuryrealty
Added: Sep 1
Changed: Oct 5
Last Checked: Oct 16 at 8:22AM
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 Century 21 Mike Bowman, Inc.
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Investment Insights
Based on property information with market context.
This 11,001 SF medical-office property at 817 W Jefferson Boulevard includes a 2,000 SF dental practice lease, 4,222 SF arranged for pediatric medical use, and a 4,779 SF open warehouse-flex area. The building also contains reception and waiting areas, private rooms and offices, multiple bathrooms, and storage areas. Additional space can accommodate office, medical, warehouse, storage, or other business operations.
Built in 1983 on approximately 0.489 acres, the property provides 21 public parking spaces for patients, clients, and staff. Its Dallas location offers access to Bishop Arts, Downtown Dallas, I-35E, I-30, and nearby dense residential communities. Existing medical infrastructure supports continued healthcare use or professional occupancy.
Built in 1983 on approximately 0.489 acres, the property provides 21 public parking spaces for patients, clients, and staff. Its Dallas location offers access to Bishop Arts, Downtown Dallas, I-35E, I-30, and nearby dense residential communities. Existing medical infrastructure supports continued healthcare use or professional occupancy.
Key Highlights
- 11,001 SF commercial building on approximately 0.489 acres
- Approximately 2,000 SF leased to an established dental practice
- Approximately 4,222 SF configured for pediatric medical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,573
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,851,460
$2.9M
Cap Rate 7%
$2,036,757
$2.0M
Cap Rate 9%
$1,584,144
$1.6M
Market Conditions
NOI Build-Up for 11,001 SF
Gross rent
$264.0K $24.00/SF
− Vacancy
−$26.4K −$2.40/SF
EGI
$237.6K $21.60/SF
− OpEx
−$95.0K −$8.64/SF
NOI
$142.6K $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%
$2,851,460
Cap Rate 7%
$2,036,757
Cap Rate 9%
$1,584,144
Alternative Uses
Best Use
Office B
$9.04M
$7.91M – $10.54M
NOI $632,462 @ 7.0% cap · market cap 33.29%
Second Best
Healthcare Medical
$2.04M
$1.78M – $2.38M
NOI $142,573 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$13.20M
$11.55M – $15.40M
NOI $924,021 @ 7.0% cap · market cap 48.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,057
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
Check the figures for this property
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?
Medical Office Space - Configured medical suites include reception areas, private rooms, bathrooms, and storage, with additional space for office or business operations.
Where is this medical office space located?
The property is located at 817 W Jefferson Boulevard Dallas, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 11,001 SF commercial building on approximately 0.489 acres; Approximately 2,000 SF leased to an established dental practice; Approximately 4,222 SF configured for pediatric medical use
