Medical Office Building with Flex
New
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 Market2
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
Last Checked: Sep 1 at 9:26PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$142,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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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
