909 Tyler StDallas, TX 75208

Property Details for 909 Tyler St

Year built

2015

Construction

FRAME

Lot size

0.37 AC

Property size (Sq ft)

6,204 SF

Zone code

Z202

Property type

Healthcare properties

Property subtype

Medical offices

APN

276328000000

APU

276328000000

Description

This exceptional 6,389-square-foot medical office building, situated on a 0.37-acre lot in Dallas, Texas, presents a compelling investment opportunity. Built in 2008 and renovated in 2015, the property boasts a single-story, freestanding structure with 3 units. Currently vacant with an occupancy date of August 1, 2024, this property offers immediate potential for owner-occupancy or lease-up. The building features 30 parking spaces, a significant advantage in this desirable location. The existing 4,380+ square feet of finished space includes a previously occupied second-generation dental and chiropractic office, complete with multiple treatment rooms, private offices, labs, break rooms, and four restrooms. An additional 2,000 square feet of raw, unfinished space provides an excellent opportunity to generate additional income. Located in the Neighborhood Service District, this property benefits from its proximity to the vibrant Bishop Arts District, Jefferson Street District, and several highly sought-after residential neighborhoods including Winnetka Heights, Kessler, Wynnewood, Elmwood, and Lake Cliff, ensuring high visibility and strong potential for tenant attraction. The property is eligible for an SBA Healthcare Loan (subject to approval). Some dental equipment may be available for separate purchase. The asking price is $1,880,000, and the sale is structured for a 1031 exchange. This is a rare opportunity to acquire a well-located, versatile medical office building with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,058,114

  6.5%

  $976,721

  7%

  $906,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $676,954

  Geo Method

  $1,857,416

• Alternative Use

  Use

  Valuation

  Residential

  $1,211,134

  Hospitality

  $1,109,392

  Educational

  $923,001

  Medical

  $954,745

  Retail

  $1,435,780

Location Insight

City

Dallas

County

Dallas

State

Texas

Latitude

32.7372

Longitude

-96.8379

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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