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    Shared Medical Office Space Available Title is generated by Realmo AI

    1004 S Carrier Parkway, Grand Prairie, TX 75051

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    Claim this Listing
    For Lease
    $2,500 /Mo

    Office - Grand Prairie, TX

    Type:Office
    Lot size:
    0.62 Acres
    Added:
    Nov 1, 2025
    Days on Market:
    190
    Last Refresh:
    May 9 at 12:06 am

    Property Features for 1004 S Carrier Parkway

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    APN
    28108310020010000
    Lot size
    0.62 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2016
    Flooring type
    Vinyl
    Building materials
    Block, Concrete
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Chioma Omotayo
    Chioma Omotayo

    Listing agent Chioma Omotayo License #0636661

    Listing office CLO Dallas Realty LLC 1301 S Bowen Road Ste 140 Arli, Arlington, TX

    Listing date Nov 1, 2025

    MLS# 21100096 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Shared medical office space, ready to occupy.
    • Includes shared ADA restrooms, waiting room, X‑Ray room, and break room.
    • Four examination rooms with sinks, spacious nurses station and lab.
    • Newly renovated.
    • Easy access to President George Bush Turnpike.
    • Located near dense residential neighborhoods.

    Overview

    This shared medical office space is available for rent and features shared ADA restrooms, a waiting room, an X-Ray room, and a break room. The newly renovated medical office includes four examination rooms with sinks, a spacious nurses station, and a lab. It is located with easy access to President George Bush Turnpike and is surrounded by dense residential neighborhoods. The building is equipped with two fire exits, a fire alarm, and fire extinguishers. This space can accommodate all medical practices except General Practice, Dentistry, Pediatrics, Gynecology, and Internal Medicine. The property is located in Grand Prairie, Dallas County, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Stephanie Stafford Pediatrician E-Z Med Urgent ... Medical Clinic Pearl Medical Clinic Medical Clinic

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Parker Patrick D DVM — 2405 S Carrier Pkwy, Grand Prairie, TX 75051
    • Boyce Cooper - Carrier Animal Hospital — 2405 S Carrier Pkwy, Grand Prairie, TX 75051
    • Carrier Animal Hospital — 2405 S Carrier Pkwy, Grand Prairie, TX 75051
    • Steven R Hull, D.V.M — 2405 S Carrier Pkwy, Grand Prairie, TX 75051
    • Cooper Kent DVM — 2405 S Carrier Pkwy, Grand Prairie, TX 75051

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.015058
    Latitude
    32.73263

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    FAQs

    What type of property is this?
    Medical Office Space - Shared medical office space for rent in Grand Prairie, TX.
    Where is this medical office space located?
    The property is located at 1004 S Carrier Parkway Grand Prairie, TX.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Shared medical office space, ready to occupy.; Includes shared ADA restrooms, waiting room, X‑Ray room, and break room.; Four examination rooms with sinks, spacious nurses station and lab.
    (917) 244-7720
    We can help!
    Listing Contact
    Chioma Omotayo
    Chioma Omotayo
    Real Estate License ID: 0636661
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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