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Investment Highlights

  • Private off-street parking behind the building with 7 parking spaces total, plus on-street parking in front
  • Second level includes 4 unique office spaces, kitchenette with sink, dishwasher and refrigerator, plus half bath (Approx Sq Ft: 1,179)
  • Sprinkler system in the front yard
  • First level includes 3 unique office spaces, kitchenette with sink, dishwasher and refrigerator, plus half bath (Approx Sq Ft: 1,165)
  • Wood floors throughout the office spaces
  • Separate HVAC systems for first and second levels

Executive Summary

Charming Commercial-Use Opportunity on Bishop Avenue. Built in 1923, this remarkable Prairie-style property blends modern updates with beautifully preserved historic character, all just under two-tenths of a mile from the shopping, dining and entertainment of Bishop Arts. Zoned to PD 830 and offering flexibility for owner occupancy with office use, this updated and meticulously maintained building is ready for its next owner to maximize its unique potential. Inside, original architectural details create an environment far more distinctive than traditional office space, including a fully functioning rich wood-paneled pocket door, coffered ceilings, charming built-ins, bay windows and wood floors. The flexible layout offers seven spacious rooms with three on the first level and four on the second, making it ideal for many owner occupancy configurations paired with private offices. In addition to the seven spaces, each level has a kitchenette with generous counter space, a sink, a refrigerator, dish washer and a separate half bath. With minor bathroom modifications, either level could easily accommodate the addition of a tub or shower, opening the door to owner occupancy on the first or second level. The first level is accessed from the inviting front porch or rear deck, while the second level offers both a private exterior staircase and interior stair access. The property also provides convenient on-street parking in front, along with a private rear parking area that accommodates up to seven vehicles. Fully renovated in 2022, the property also benefits from updated plumbing and AC in 2025 and a roof replacement in 2024. This is a rare chance to own a property that is as functional as it is unforgettable.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $71,580 $29.65
Other Income - -
Vacancy Loss - -
Effective Gross Income $71,580 $29.65
Taxes $12,470 $5.17
Operating Expenses $7,500 $3.11
Total Expenses $19,970 $8.27
Net Operating Income $51,610 $21.38

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $71,580
Annual Per SF $29.65
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $71,580
Annual Per SF $29.65
Taxes
Annual $12,470
Annual Per SF $5.17
Operating Expenses
Annual $7,500
Annual Per SF $3.11
Total Expenses
Annual $19,970
Annual Per SF $8.27
Net Operating Income
Annual $51,610
Annual Per SF $21.38

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
2,414 SF
Building Class
C
Year Built
1923
Price
$820,000
Price Per SF
$339.69
Cap Rate
7.81%
NOI
$64,080
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,207 SF
Building FAR
0.33
Lot Size
0.17 AC
Zoning
Commercial/Residential - Zoned to PD 830 and offering flexibility for office or residential use.
Parking
7 Spaces (2.9 Spaces per 1,000 SF Leased)

Amenities

  • Kitchen
  • Central Heating
  • High Ceilings
  • Natural Light
  • Recessed Lighting
  • Hardwood Floors
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Real Estate
  • 1,165 SF
  • -
  • Plus Electric
  • Aug 2026

Oak View Capital Partners is a Texas-based real estate investment and development firm focused on value creation through the acquisition, development, and repositioning of commercial and income-producing properties. Founded in 2015, the company operates with a vertically integrated approach that leverages the principals’ longstanding experience in commercial banking, credit structuring, and real estate development. Oak View Capital Partners emphasizes disciplined underwriting, localized market knowledge, and active asset management across multiple property types, including self-storage, retail, multifamily, student housing, and industrial projects. The firm’s strategy centers on identifying undervalued or underutilized assets where repositioning, renovation, or development can unlock increased cash flow and long-term investment value. The company’s principals collectively bring decades of real estate financing and development expertise, having structured and executed over a billion dollars in commercial real estate transactions. Their experience spans sourcing land deals, structuring equity and debt, managing construction activities, and overseeing property management. As a result, Oak View Capital Partners operates with a hands-on ownership mindset and targets opportunities in high-growth Texas submarkets where demand, demographics, and supply characteristics support long-term performance.

  • Twelfth House Counseling
  • Health Care and Social Assistance
  • 1,179 SF
  • -
  • Plus Electric
  • Nov 2026
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Real Estate 1,165 SF - Plus Electric Aug 2026
Twelfth House Counseling Health Care and Social Assistance 1,179 SF - Plus Electric Nov 2026
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
00000263095000000
Land Assessment
$337,370
Improvements Assessment
$222,630
Total Assessment
$560,000
Annual Taxes
$12,470 ($5.17/SF)
Tax Year
2025
  • Listing ID: 40458316

  • Date on Market: 2/10/2026

  • Last Updated:

  • Address: 729 N Bishop Ave, Dallas, TX 75208

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