Medical Office Space with
8202 ELAM RD, Dallas, TX 75217
For Sale
Contact for pricing
A standalone, partially finished building is part of a professional complex with two medical occupants.
Property Size1,044 SF
Price / SF$1.08
Days on Market50
Property Features for 8202 ELAM RD
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Furnished
Public Transit
Office Units
Amenities
monument sign
fenced property with gated access
covered walkway
Building Details
Buildings
Building Size
Listing Agency:
Epps Realty, LLC
(972) 289-7788
Listed By:
Belinda D. Epps, LTG, ABR, GRI · License TX #0363894
(972) 896-4958
Source:
Moodyscre
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 8 at 8:34AM
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 Epps Realty, LLC
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Investment Insights
Based on property information with market context.
The available standalone building contains approximately 1,044 square feet and is in white-box condition, allowing for interior customization. It sits within a three-building professional complex, two of whose buildings are occupied by medical users. Approved commercial uses may also be considered. Monument signage on Elam Road is available for the occupant’s name.
The property is fenced, with gated access locked nightly. On-site parking includes covered spaces, and a covered walkway leads to the building. A DART bus stop is approximately 200 feet away, at Buckner and Elam. The owner and tenant may negotiate tenant improvement allowances and finish-out costs. The lease has no NNN charges or base-year expense pass-throughs.
The property is fenced, with gated access locked nightly. On-site parking includes covered spaces, and a covered walkway leads to the building. A DART bus stop is approximately 200 feet away, at Buckner and Elam. The owner and tenant may negotiate tenant improvement allowances and finish-out costs. The lease has no NNN charges or base-year expense pass-throughs.
Key Highlights
- Standalone building with approximately 1,044 square feet
- White‑box interior allows for tenant customization
- Part of a three‑building complex; two buildings have medical occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,230
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,600
$264.6K
Cap Rate 7%
$189,000
$189.0K
Cap Rate 9%
$147,000
$147.0K
Market Conditions
NOI Build-Up for 1,044 SF
Gross rent
$25.1K $24.00/SF
− Vacancy
−$3.0K −$2.88/SF
EGI
$22.0K $21.12/SF
− OpEx
−$8.8K −$8.45/SF
NOI
$13.2K $12.67/SF
Area
ZIP 75217
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,600
Cap Rate 7%
$189,000
Cap Rate 9%
$147,000
Alternative Uses
Best Use
Office B
$857.4K
$750.3K – $1.00M
NOI $60,021 @ 7.0% cap
Second Best
Healthcare Medical
$189.0K
$165.4K – $220.5K
NOI $13,230 @ 7.0% cap
Theoretical Best
Office A
$1.14M
$999.9K – $1.33M
NOI $79,990 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75217, TX
85,330
Population
25,534
Households
3.3
Avg Household Size
30
Median Age
6%
College-Educated
60%
High-School Grad
27.8 sq mi
ZIP Area
3,069
Density / Sq Mi
$52,987
Median Household Income
$35,106
Median Earnings
$1,189
Median Rent
$164,800
Median Home Value
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Market
Average Price Trend$/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 - A standalone, partially finished building is part of a professional complex with two medical occupants.
Where is this medical office space located?
The property is located at 8202 ELAM RD Dallas, TX.
What are key features of this property?
This property features: Standalone building with approximately 1,044 square feet; White‑box interior allows for tenant customization; Part of a three‑building complex; two buildings have medical occupants
