500 N Akard Street
Dallas, TX 75201
Asking Price
$7.15M
Total SF
29,000 SF
Cap Rate
6.5%
NOI (annual)
$464,750
Tenancy
Single Tenant
Asset Type
Professional Office
Year Built
2006
Class
Class B
Lot
3.10 ac
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- 29,000 SF of office space for sale in Dallas, TX.
- Class B building constructed in 2006, well-located along a primary commercial corridor.
- Ideal for professional services, tech, and finance tenants seeking durable demand in a top-tier metro.
- Strong fundamentals: high walk score, transit access, and proven tenant retention in the immediate trade area.
What's Special
Prime office opportunity in the heart of Dallas. This well-positioned asset offers excellent visibility, modern building systems, and immediate proximity to major transit corridors. Ideal for institutional investors and operating tenants seeking long-term value in one of the country's most active commercial corridors.
Facts & Features
Interior
- Open floor plate
- Floor-to-ceiling windows
- Polished concrete & carpet finishes
- Conference + huddle rooms built out
Building Details
- B-class construction
- 24/7 keycard access
- On-site property management
- ADA compliant
Parking
- Surface + structured parking
- 3.5 / 1,000 SF ratio
- EV charging available
HVAC
- VAV system with after-hours controls
- Roof-mounted package units (2019)
Zoning
- CBD Mixed Use
Utilities
- Fiber to the building
- Redundant power feed
- Municipal water & sewer
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NOI
$464,750
Cap Rate
6.50%
DSCR
1.09
Tight
Cash-on-Cash
1.88%
Monthly Payment
$35,374.299
Annual Cash Flow
$40,258.414
Location & Travel Times
I-35
6 min drive
US-290
7 min drive
Downtown core
4 min drive