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    1120 Coit Rd Prosper, TX 75078

    For Sale
    $3,100,000

    Medical office building with long-term lease and quality construction.

    Property size:
    6,948 SF
    Lot size:
    3.63 Acres

    Property Features for 1120 Coit Rd

    General Information

    Size
    6,948 SF
    Lot size
    3.63 Acres

    Source: MedCore Agent Michael Collins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prosper Medical Office Building For Sale

    This property features a long-term lease with Cook Children’s for 2,869 square feet. Building and monument signage are available. The exterior is constructed with natural native Texas limestone, brick, and cast stone cladding. It has a metal roof built with UL-90 requirements and a 16-year finish warranty, along with supplemental roof FRT-rated plywood decking over the purlins for additional soundproofing. Drought-tolerant native landscaping material is installed with a drip irrigation and rain-sensing irrigation control system. The property includes 2-inch domestic water connections for each tenant (no hot water) and 4-inch sanitary connections for each tenant. It is equipped with 600A, 208V, 4-phased power provided with a wireway gutter to the tenant meter and connection. All downspouts tie directly to the underground storm sewer system, with no outfall to grade. The lease with Cook Children’s expires on December 31, 2031. The property size is 6,948 square feet.
    Location Intelligence

    Current Use by Public Records

    Dr. Ahmad Qawasmi Pediatrician Cook Children's Pediatrics ... Medical Clinic

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    Total Care Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Prosper
    County
    Collin
    State
    Texas
    Longitude
    -96.7666535
    Latitude
    33.2473747

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    FAQs

    What type of property is this?
    Medical office - Medical office building with long-term lease and quality construction.
    Where is this medical office located?
    The property is located at 1120 Coit Rd Prosper, TX.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - Long-term lease with Cook Children's (lease expiration 12/31/2031).; - Building and monument signage available.; - Durable metal roof with UL-90 requirements and a 16-year finish warranty.
    (214) 736-1973
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    Realmo Value Estimation

    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.

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    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.

    Alternative use

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

    More about this property
    1120 Coit Rd Prosper, TX 75078
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