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Pleased to offer a three-suite office condo portfolio located in the well-established Lake Highlands area of North Dallas. Situated within the Greengate Professional Building, this investment includes Suites 103, 104, and 105 "” three contiguous units totaling approximately 3,581 square feet with a proforma cap rate of 6.10%. Suites 103 and 104 are currently leased to stable tenants, providing immediate in-place cash flow, while Suite 105 is vacant and ideal for owner occupancy or additional leasing upside. Each suite features a professional layout with a reception area, multiple private offices, a kitchenette, and a private restroom, making them suitable for a range of administrative, legal, or professional uses. Constructed in 1982, the Greengate Professional Building is a well-maintained, two-story commercial property with ample surface parking and excellent visibility on Jupiter Road, just south of Interstate 635 with over 205,000 VPD. The site benefits from high traffic counts and proximity to major retail, dining, and residential communities. Association dues cover water and common area maintenance, helping to simplify operations for the new owner. This offering presents a compelling opportunity for investors seeking a stabilized, income-generating asset with immediate upside potential. It's also well-suited for an owner-user looking to occupy one suite while benefiting from existing lease income. With its strong location, professional tenant mix, and versatile office configurations, this portfolio delivers both stability and flexibility in a growing Dallas submarket.
Property Type(s):
Commercial
| Last Updated | 5/30/2025 | Tract | Greengate Professional Bldg Condo |
|---|---|---|---|
| Year Built | 1982 | County | Dallas |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Central |
| LOT | 3311 sq ft |
| LOT DESCRIPTION | Landscaped |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Greengate Professional Bldg Condo |
| UTILITIES | Electricity Connected |
| WATER | Public |
| ZONING | Neighborhood Office NO(A) |
Location
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Listing provided by Karan Aulakh, M&D Real Estate
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