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    The Largest CRE Database in the US with Over 1 Million Listings

    3300 Douglas Ave Dallas, TX 75219

    Sponsored
    For Lease
    $40 SF/Yr ($9,126 /Mo)

    2,738 SF Office/Retail, Fully Customizable

    Lot size:
    2,738 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    412
    This exceptional 2,738-square-foot single-tenant building presents a unique opportunity for customization in the desirable Oak Lawn submarket of Dallas. Situated on a 0.22-acre lot, this Class C property, built in 1969, offers a flexible space ideal for various uses, including medical offices, traditional offices, or retail establishments. The building has been completely renovated down to the studs, providing a blank canvas for tenants to create their ideal space. The single-story structure features ample parking with 17 spaces, ensuring convenient access for clients and staff. Its prime location in Dallas offers high visibility and accessibility, enhanced by its proximity to Hall Street. The property is zoned O-2, allowing for a range of potential uses. The building's versatility makes it an attractive option for medical professionals seeking a space tailored to their specific needs, entrepreneurs looking to establish a distinctive retail presence, or innovators aiming to create a modern and inspiring workspace. This is a rare opportunity to acquire a fully customizable, standalone building in a highly sought-after Dallas location. The property's size, location, and adaptability make it a compelling investment prospect.

    Property Features for 3300 Douglas Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,738 SF
    Class
    C
    Total Rate
    9126.67

    Building Details

    Year Built
    1969
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,738 SF
    Rate per SF
    $45

    We can help!

    Listing Contact
    Hudson Donham
    Hudson Donham

    Learn more

    Property Insight Report

    HighLights

    • 2,738 SF single‑tenant retail/office building in Dallas' Oak Lawn submarket.
    • Fully vacant and ready for build‑out; stripped to the studs.
    • 17 parking spaces on a 0.22‑acre lot.
    • Class C building, constructed in 1969, one story.
    • Zoned O‑2, located on Douglas Ave, near Hall Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Glenn Wilcox Podiatrist

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dallas
    County
    Dallas
    State
    Texas
    Longitude
    -96.812020317536
    Latitude
    32.814069436042

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    FAQs

    What type of property is this?
    Medical office - 2,738 SF Office/Retail, Fully Customizable
    Where is this medical office located?
    The property is located at 3300 Douglas Ave Dallas, TX.
    What is the lease rate?
    The lease rate is $45 SF/Yr.
    What are key features of this property?
    This property features: 2,738 SF single-tenant retail/office building in Dallas' Oak Lawn submarket.; Fully vacant and ready for build-out; stripped to the studs.; 17 parking spaces on a 0.22-acre lot.
    Request Owner's contact information
    3300 Douglas Ave Dallas, TX 75219
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3300 Douglas Ave Dallas, TX 75219
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    We can help!
    Listing Contact
    Hudson Donham
    Hudson Donham
    Real Estate License ID: 774562
    Learn more
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