Medical Office
For Sale
$2,310,000
731 Zena Rucker Road, Southlake, TX 76092
CommercialSale, Southlake, TX
Property Size6,000 SF
Lot Size2.25 Acres
Price / SF$385
Days on Market51
Property Features for 731 Zena Rucker Road
General Information
Property type
Commercial Sale
Property subtype
Office
Property condition
Under Construction
Zoning description
Commercial
Subdivision
Pecan Creek
Directions
Use GPS
Standard status
Active
APN
41186796
Size
6,000 SF
Lot size
2.25 Acres
Taxes and HOA fees
Tax Description
PECAN CREEK BLOCK 1 LOT 4
Tax Annual Amount
23692
Legal Description
PECAN CREEK BLOCK 1 LOT 4
Utilities
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Listing Agency:
Vision Commercial Real Estate
(817) 803-3287
Listed By:
Trenton Price · License #0652029
(817) 803-3287
Added: Jul 10
Changed: Aug 23
Last Checked: Aug 29 at 7:06AM
MLS# 20696453
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.
Investment Insights
Based on property information with market context.
This medical office development includes two buildings and approximately 6,000 square feet of property size, with suites ranging from 2,900 to 11,400 square feet. The project is under construction and includes central electric heating and central air conditioning. Completion is identified for Spring 2025.
The property is located in Southlake near Park Village, Shops of Southlake, and Southlake Town Square, all within walking distance. It is also directly next to Rockenbaugh Elementary School and occupies a 2.252-acre site.
The property is located in Southlake near Park Village, Shops of Southlake, and Southlake Town Square, all within walking distance. It is also directly next to Rockenbaugh Elementary School and occupies a 2.252-acre site.
Key Highlights
- Two‑building medical office development
- Suite availability ranges from 2,900 to 11,400 SF
- Approximately 6,000 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$103,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,073,600
$2.1M
Cap Rate 7%
$1,481,143
$1.5M
Cap Rate 9%
$1,152,000
$1.2M
Market Conditions
NOI Build-Up for 6,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$184.3K $30.72/SF
− Vacancy
−$46.1K −$7.68/SF
EGI
$138.2K $23.04/SF
− OpEx
−$34.6K −$5.76/SF
NOI
$103.7K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,073,600
Cap Rate 7%
$1,481,143
Cap Rate 9%
$1,152,000
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 4.49%
Second Best
Healthcare Medical
$1.47M
$1.29M – $1.71M
NOI $102,816 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,744 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76092, TX
31,924
Population
9,886
Households
3.2
Avg Household Size
42
Median Age
75%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
1,406
Density / Sq Mi
$250,001
Median Household Income
$123,882
Median Earnings
$3,501
Median Rent
$956,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-building medical office project under construction with central heating and cooling systems.
Where is this medical office space located?
The property is located at 731 Zena Rucker Road Southlake, TX.
What is the asking price?
The asking price for this property is $2,310,000.
What are key features of this property?
This property features: Two‑building medical office development; Suite availability ranges from 2,900 to 11,400 SF; Approximately 6,000 square feet of property size
