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4315 S Lancaster Rd 28,340 SF 73% Leased Office Building Dallas, TX 75216 For Sale 8% Cap Rate
Investment Highlights
- Fully renovated in 2021
- Across the street from Dallas VA Medical Center
- Located within the Five Mile Urban Greenbelt
- Located in Opportunity Zone
- Located at the VA Medical Center DART Station, part of the Dallas’ Light Rail System
- 71 adjacent garage parking spaces
Executive Summary
The property is located across from the Veteran Affairs hospital in South Dallas. Directly next door is a brand new mixed use development encompassing apartments and retail. Adjacent to DART Blue Line VA Medical Center Station. Building is at the intersection of South Lancaster and Ann Arbor Avenue.
The property is currently 69% leased to six tenants. All leases are Triple Net with the tenants covering all pro rata building expenses. The property fully renovated in 2021. The roof is TPO and was installed in 2020. The AC systems are Carrier RTU’s installed in 2020. New security and access control system were installed in 2025.
The property is currently 69% leased to six tenants. All leases are Triple Net with the tenants covering all pro rata building expenses. The property fully renovated in 2021. The roof is TPO and was installed in 2020. The AC systems are Carrier RTU’s installed in 2020. New security and access control system were installed in 2025.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
28,340 SF
Building Class
B
Year Built
2021
Cap Rate
8%
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
28,340 SF
Building FAR
0.41
Lot Size
1.60 AC
Opportunity Zone
Yes
Zoning
CR - CR Zoning
Parking
104 Spaces (3.89 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Commuter Rail
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dallas College Lancaster Workforce Development
- Educational Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
T?he Lancaster Workforce Development Center provides soft skills training, job readiness and financial literacy in an effort to bring long-term economic viability to this often-neglected part of southern Dallas County.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dallas College Lancaster Workforce Development | Educational Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Retail or Office use. Beautiful all glass front.
Open space with breakroom
Fully built out educational/ classroom space. Move-in ready!
Built out for prior MRI group. Electrical/HVAC is in place.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 120 | 3,130 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 140 | 2,496 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 180 | 3,300 SF | Retail | Full Build-Out | Aug 2026 |
| 1st Fl-Ste 190 | 1,960 SF | Office | Spec Suite | Now |
1st Fl-Ste 120
| Size |
| 3,130 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 140
| Size |
| 2,496 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 180
| Size |
| 3,300 SF |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Aug 2026 |
1st Fl-Ste 190
| Size |
| 1,960 SF |
| Space Use |
| Office |
| Build-Out |
| Spec Suite |
| Available |
| Now |
1st Fl-Ste 120
| Size | 3,130 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Retail or Office use. Beautiful all glass front.
1st Fl-Ste 140
| Size | 2,496 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Open space with breakroom
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 180
| Size | 3,300 SF |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | Aug 2026 |
Fully built out educational/ classroom space. Move-in ready!
1st Fl-Ste 190
| Size | 1,960 SF |
| Space Use | Office |
| Build-Out | Spec Suite |
| Available | Now |
Built out for prior MRI group. Electrical/HVAC is in place.
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 004326000A0010000 | Improvements Assessment | $2,889,383 CAD |
| Land Assessment | $459,620 CAD | Total Assessment | $3,349,003 CAD |
Property Taxes
Parcel Number
004326000A0010000
Land Assessment
$459,620 CAD
Improvements Assessment
$2,889,383 CAD
Total Assessment
$3,349,003 CAD
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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4315 S Lancaster Rd
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