Two-Suite Office
New
For Sale
$1,795,000
820 N Zang Boulevard, Dallas, TX 75208
Standalone commercial property with one leased suite and a flexible second suite for medical or retail use.
Property Size4,182 SF
Lot Size0.32 Acres
Price / SF$429.32
Days on Market2
Property Features for 820 N Zang Boulevard
General Information
Standard status
Active
Size
4,182 SF
Lot size
0.32 Acres
Property subtype
Commercial
Zoning
Commercial / office / medical office / r
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Amenities
monument signage
flexible floor plans
Building Details
Building Size
4,182 SF
Year Built
2003
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Sonya Realty, LLC
(972) 948-9200
Listed By:
Sonya Rafie · License #0330549
(972) 948-9200
Source:
Signaturere
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 7 at 4:17AM
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 Sonya Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2003, this standalone office property is configured as two suites totaling 2,396 SF and 1,785 SF. Suite 110 is occupied by a dental practice, while Suite 120 is available for medical or retail use. The property includes flexible floor plans, on-site parking, and monument signage.
Located at 820 N Zang Boulevard in Dallas, the building offers exposure along a high-traffic corridor and is near the Bishop Arts District and Methodist Medical Center. Access to I-35E and I-30 is available, and the Dallas Streetcar is within walking distance. Zoning supports commercial, office, medical office, and retail-related use.
Located at 820 N Zang Boulevard in Dallas, the building offers exposure along a high-traffic corridor and is near the Bishop Arts District and Methodist Medical Center. Access to I-35E and I-30 is available, and the Dallas Streetcar is within walking distance. Zoning supports commercial, office, medical office, and retail-related use.
Key Highlights
- Two‑suite office building at 820 N Zang Boulevard, Dallas, TX 75208
- Suite 110 contains 2396 SF and is leased to a dental practice
- Suite 120 contains 1785 SF and is available for medical or retail 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
$54,186
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
3.02%
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%
$1,083,720
$1.1M
Cap Rate 7%
$774,086
$774.1K
Cap Rate 9%
$602,067
$602.1K
Market Conditions
NOI Build-Up for 4,181 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
$100.3K $24.00/SF
− Vacancy
−$10.0K −$2.40/SF
EGI
$90.3K $21.60/SF
− OpEx
−$36.1K −$8.64/SF
NOI
$54.2K $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%
$1,083,720
Cap Rate 7%
$774,086
Cap Rate 9%
$602,067
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.01M
NOI $240,371 @ 7.0% cap · market cap 13.39%
Second Best
Healthcare Medical
$774.1K
$677.3K – $903.1K
NOI $54,186 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$5.02M
$4.39M – $5.85M
NOI $351,180 @ 7.0% cap · market cap 19.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,119
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
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone commercial property with one leased suite and a flexible second suite for medical or retail use.
Where is this office building located?
The property is located at 820 N Zang Boulevard Dallas, TX.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Two‑suite office building at 820 N Zang Boulevard, Dallas, TX 75208; Suite 110 contains 2396 SF and is leased to a dental practice; Suite 120 contains 1785 SF and is available for medical or retail use
