Building Details

Year Built 2003

Listing Agency: Sonya Realty, LLC

Listed By: Sonya Rafie · License #0330549 Show Phone

Source: Yourdavisteam

Added: Sep 13 Changed: Oct 25 Last Checked: Oct 7 at 4:59PM

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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

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Investment Insights

Based on property information with market context.

Built in 2003, this standalone office property contains approximately 4,182 square feet on a 0.32-acre site. The two-suite layout includes a 2,396-square-foot space occupied by a dental practice and a 1,785-square-foot suite available for medical or retail use. Flexible floor plans, on-site parking, and monument signage support a range of professional applications.

The property is positioned on N Zang Boulevard in Dallas, near the Bishop Arts District and Methodist Medical Center. Access to I-35E and I-30, along with walking-distance proximity to the Dallas Streetcar, connects the building to major transportation routes and nearby destinations.

Key Highlights

• Approximately 4,182 SF office‑medical building on a 0.32‑acre site
• Two‑suite configuration: Ste #110 measures 2,396 SF and Ste #120 measures 1,785 SF
• Ste #110 is leased to a dental practice

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,199

Cap Rate

3.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,083,980 $1.1M

Cap Rate 7%

$774,271 $774.3K

Cap Rate 9%

$602,211 $602.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,182 SF

Gross rent

$100.4K $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 Rate 5%

$1,083,980

Cap Rate 7%

$774,271

Cap Rate 9%

$602,211

Alternative Uses

Best Use

Office B

$3.43M

$3.01M – $4.01M (±1% cap)

NOI $240,429 @ 7.0% cap · market cap 14.18%

Second Best

Healthcare Medical

$774.3K

$677.5K – $903.3K (±1% cap)

NOI $54,199 @ 7.0% cap · market cap 3.20%

Theoretical Best

Office A

$5.02M

$4.39M – $5.85M (±1% cap)

NOI $351,264 @ 7.0% cap · market cap 20.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Oak Cliff Dental ... Dental Office Moniza Munawar DDS Dental Office Oak Cliff Dental ... Dental Office 247 Plumbers Direct Plumbing Service Dr. Jerry Shehane Dental Office

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Home Appliance Store Nursing Home Storage Facility Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

19.2% 2019

21.1% 2020

21.5% 2021

21.6% 2022

22% 2023

26.2% 2024

25.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Standalone professional property includes an occupied dental suite and a second space available 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 $1,695,000.

What are key features of this property?

This property features: Approximately 4,182 SF office‑medical building on a 0.32‑acre site; Two‑suite configuration: Ste #110 measures 2,396 SF and Ste #120 measures 1,785 SF; Ste #110 is leased to a dental practice