Burleson Medical Office For
For Sale
Contact for pricing
209 Market St, Burleson, TX
Tenant occupied medical office building for sale in Burleson, TX.
Property Size2,700 SF
Lot Size0.37 Acres
Price / SF$320.37
Days on Market604
Property Features for 209 Market St
General Information
Standard status
Active
Size
2,700 SF
Lot size
0.37 Acres
Property subtype
OFFICE
Listing Agency:
STRIVE
(469) 844-8883
Listed By:
Jason Vitorino · License #793517
(469) 844-8887
Source:
Moodyscre
Added: Dec 16, 2024
Changed: Aug 8
Last Checked: May 20 at 9:23PM
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 STRIVE
Investment Insights
Based on property information with market context.
This 2,700 square-foot medical office is available for purchase and is currently occupied by AEG Vision under a corporately guaranteed lease. The tenant has approximately 4 years remaining on the initial 5-year lease term, with 3% annual increases and two 3-year options remaining. AEG Vision's holding company has over 400 optometry locations nationwide and surpassed 600 OD doctors in the AEG network in 2023. The tenant is backed by Riata Capital Group, a Dallas-based private equity firm with $2 billion of capital invested and $7 billion in transaction value. The property is located off Market Street and SW Wilshire Blvd, which sees over 42,000 vehicles per day. The household income within a 5-mile radius is $102,840, which is significantly above the national average.
Key Highlights
- Corporately Guaranteed Lease with Strong Credit Tenant (AEG Vision)
- Enjoy 3% Annual Rent Increases with 2x3 Year Options Remaining
- Tenant's Holding Company has Over 400+ Optometry Locations Nationwide
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
$45,163
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
5.22%
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%
$903,260
$903.3K
Cap Rate 7%
$645,186
$645.2K
Cap Rate 9%
$501,811
$501.8K
Market Conditions
NOI Build-Up for 2,700 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
$82.9K $30.72/SF
− Vacancy
−$22.7K −$8.42/SF
EGI
$60.2K $22.30/SF
− OpEx
−$15.1K −$5.58/SF
NOI
$45.2K $16.73/SF
Area
Johnson County, TX
Vacancy
27.40%
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%
$903,260
Cap Rate 7%
$645,186
Cap Rate 9%
$501,811
Alternative Uses
Best Use
Office B
$645.2K
$564.5K – $752.7K
NOI $45,163 @ 7.0% cap · market cap 5.22%
Second Best
Healthcare Medical
$570.7K
$499.4K – $665.8K
NOI $39,950 @ 7.0% cap · market cap 4.62%
Theoretical Best
Multifamily LT 5
$32.36M
$28.32M – $37.76M
NOI $2,265,477 @ 7.0% cap · market cap 261.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
999
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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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- V.E.T. Care Hospital — 108 NE Wilshire Blvd, Burleson, TX 76028
Frequently Asked Questions
What type of property is this?
Medical Office Space - Tenant occupied medical office building for sale in Burleson, TX.
Where is this medical office space located?
The property is located at 209 Market St Burleson, TX.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Corporately Guaranteed Lease with Strong Credit Tenant (AEG Vision); Enjoy 3% Annual Rent Increases with 2x3 Year Options Remaining; Tenant's Holding Company has Over 400+ Optometry Locations Nationwide
