Office and Medical
Mill Haven Plaza 104-106 Grapevine Highway, Hurst, TX 76054
For Sale
Contact for pricing
A 9,623 SF office/medical property at Mill Haven Plaza with modern amenities and room for expansion.
Property Size9,623 SF
Days on Market142
Property Features for Mill Haven Plaza 104-106 Grapevine Highway
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Listing Agency:
Silver Oak Commercial Realty
Listed By:
Russ Webb · License TX #488983
(817) 233-7100
Source:
Silveroakcre
Added: Jun 24
Changed: Nov 10
Last Checked: Nov 12 at 5:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Silver Oak Commercial Realty
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Investment Insights
Based on property information with market context.
This offering features a 9,623 SF building at Mill Haven Plaza, designed to support both office and medical uses. The property is described as having modern amenities and thoughtful design features intended to serve professional operations. The available layout provides ample space for growth, which may be useful for tenants and buyers looking for flexibility as staffing and space needs evolve.
The building is located at 104-106 Grapevine Highway in Hurst, Texas, within the Mill Haven Plaza setting. The public remarks emphasize a strategic location and an environment suited to office and medical investors.
For office and medical operators, the property’s stated design intent and modern amenity package align with day-to-day business requirements, while the “ample room for expansion” concept speaks to the ability to accommodate changing needs over time. Investors considering office and medical-oriented real estate may find this building’s focus and configuration to be a practical match for professional tenants seeking a facility built for those categories. All details should be confirmed during due diligence, including the specific buildout and how the space will function for a particular program.
The building is located at 104-106 Grapevine Highway in Hurst, Texas, within the Mill Haven Plaza setting. The public remarks emphasize a strategic location and an environment suited to office and medical investors.
For office and medical operators, the property’s stated design intent and modern amenity package align with day-to-day business requirements, while the “ample room for expansion” concept speaks to the ability to accommodate changing needs over time. Investors considering office and medical-oriented real estate may find this building’s focus and configuration to be a practical match for professional tenants seeking a facility built for those categories. All details should be confirmed during due diligence, including the specific buildout and how the space will function for a particular program.
Key Highlights
- 9,623 SF office/medical building at Mill Haven Plaza in Hurst, TX
- Designed for office and medical use
- Modern amenities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,298,000
$3.3M
Cap Rate 7%
$2,355,714
$2.4M
Cap Rate 9%
$1,832,222
$1.8M
Market Conditions
NOI Build-Up for 9,623 SF
Gross rent
$323.3K $33.60/SF
− Vacancy
−$48.5K −$5.04/SF
EGI
$274.8K $28.56/SF
− OpEx
−$109.9K −$11.42/SF
NOI
$164.9K $17.14/SF
Area
Tarrant County, TX
Vacancy
15.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,298,000
Cap Rate 7%
$2,355,714
Cap Rate 9%
$1,832,222
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.77M
NOI $166,285 @ 7.0% cap
Second Best
Healthcare Medical
$2.36M
$2.06M – $2.75M
NOI $164,900 @ 7.0% cap
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $236,957 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
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Business Placement
Demographics for 76054, TX
12,120
Population
4,702
Households
2.6
Avg Household Size
47
Median Age
48%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
3,189
Density / Sq Mi
$108,907
Median Household Income
$55,617
Median Earnings
$1,464
Median Rent
$356,000
Median Home Value
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Market
Properties on Market for Office buildings in Tarrant County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A 9,623 SF office/medical property at Mill Haven Plaza with modern amenities and room for expansion.
Where is this office building located?
The property is located at Mill Haven Plaza 104-106 Grapevine Highway Hurst, TX.
What are key features of this property?
This property features: 9,623 SF office/medical building at Mill Haven Plaza in Hurst, TX; Designed for office and medical use; Modern amenities included
