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    Medical Building Near Medical City Title is generated by Realmo AI

    3204 Colorado Boulevard, Denton, TX 76210

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    For Sale
    $799,000

    Office - Denton, TX

    Type:Office
    Property size:
    2,788 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $286/SF
    Added:
    Apr 24, 2026
    Days on Market:
    22
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 3204 Colorado Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    R215452
    Size
    2,788 SF
    Lot size
    0.92 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2000
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Brick, Cedar, Concrete, Stone, Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Burks

    Listing agent Ryan Burks License #0790768

    Listing office Scott Brown Properties, Inc 1400 Dallas Drive, Denton, TX

    Listing date Apr 24, 2026

    MLS# 21174988 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

    • Prime location steps from Medical City Denton, ideal for medical professionals.
    • Purpose‑built medical building with 2,788 sq ft of space, including 4 exam rooms, 2 private offices, and a nurses station.
    • 19 dedicated parking spaces.
    • Relatively new HVAC system and durable metal roof.
    • Elegant landscaping enhances curb appeal and professional image.
    • Close proximity to major restaurants, retailers, and highly‑rated hotels.

    Overview

    This is a rare, second-generation, purpose-built medical building for sale, situated steps from Medical City Denton. The 2,788 square foot property, previously a Urology practice, includes 4 exam rooms, two private offices, a consultation room, and two private restrooms. It also features a waiting area, check-in/check-out window, breakroom, nurses station, and multiple storage rooms. The property has 19 dedicated parking spaces. The HVAC system is relatively new, and the metal roof is designed for longevity. Elegant landscaping enhances curb appeal and provides a professional image. The property is located near major restaurants and retailers, including Buc-ee's, Texas Roadhouse, Olive Garden, Chik-Fil-A, and the Golden Triangle Mall. Several hotels are also nearby, such as the Hilton Garden Inn Denton, Best Western Premier Crown Chase Inn & Suites, and the Courtyard Marriott Denton. The property is located in Denton's southern medical district, among dozens of other medical and general office users, on a lot of 0.918 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Bride Dan ... Physician Dan McBride, MD Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Epstein Cassie DVM — 3517 Teasley Ln, Denton, TX 76210
    • Animal Hospital On Teasley Lane — 3517 Teasley Ln, Denton, TX 76210
    • Pet Hospital — Denton, TX 76210

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.096062
    Latitude
    33.181202

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    FAQs

    What type of property is this?
    Medical Office Space - Purpose-built medical building with exam rooms and private offices.
    Where is this medical office space located?
    The property is located at 3204 Colorado Boulevard Denton, TX.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Prime location steps from Medical City Denton, ideal for medical professionals.; Purpose‑built medical building with **2,788 sq ft of space, including 4 exam rooms, 2 private offices, and a nurses station.**; **19 dedicated parking spaces.**
    (940) 243-7368
    We can help!
    Listing Contact
    Ryan Burks
    Real Estate License ID: 0790768
    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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