Multi-Tenant Medical Office
For Sale
Contact for pricing
1256 W Exchange Pkwy, Allen, TX 75013
Exchange Professional Centre is 69% occupied by established medical tenants, including Lone StarKids Care Pediatrics and orthodontics.
Property Size7,812 SF
Price / SF$371.22
Days on Market164
Property Features for 1256 W Exchange Pkwy
General Information
Standard status
Active
Size
7,812 SF
Property subtype
Retail, Office
Occupancy
70%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$116,735
Building Details
Year Built
2015
Year Renovated
2022
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #TX 522087
(972) 755-5225
Source:
Crexi
Added: Mar 27
Changed: Sep 6
Last Checked: Sep 4 at 7:09PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
Exchange Professional Centre is a multi-tenant medical office property currently 69% occupied. The building includes space leased to two established medical tenants: Lone StarKids Care Pediatrics and Allen Always Smiles Orthodontics.
The property is located at 1256 W Exchange Pkwy in Allen, Texas, within the Dallas-Fort Worth metroplex. Public remarks describe the asset as positioned in the Allen submarket and highlight strong household income levels in the surrounding area, with average incomes exceeding $176,014 within a one-mile radius.
Listed for sale, Exchange Professional Centre represents a value-add opportunity supported by existing healthcare occupancy and continued demand for essential, patient-driven services.
The property is located at 1256 W Exchange Pkwy in Allen, Texas, within the Dallas-Fort Worth metroplex. Public remarks describe the asset as positioned in the Allen submarket and highlight strong household income levels in the surrounding area, with average incomes exceeding $176,014 within a one-mile radius.
Listed for sale, Exchange Professional Centre represents a value-add opportunity supported by existing healthcare occupancy and continued demand for essential, patient-driven services.
Key Highlights
- Exchange Professional Centre built in 2015
- Currently 69% occupied by two established medical tenants: Lone StarKids Care Pediatrics and Allen Always Smiles Orthodontics
- Property location: 1256 W Exchange Pkwy, Allen, TX 75013
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
$101,750
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
3.51%
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%
$2,035,000
$2.0M
Cap Rate 7%
$1,453,571
$1.5M
Cap Rate 9%
$1,130,556
$1.1M
Market Conditions
NOI Build-Up for 7,812 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
$188.4K $24.12/SF
− Vacancy
−$18.8K −$2.41/SF
EGI
$169.6K $21.71/SF
− OpEx
−$67.8K −$8.68/SF
NOI
$101.7K $13.02/SF
Area
Allen, TX
Vacancy
10.00%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
40.00%
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%
$2,035,000
Cap Rate 7%
$1,453,571
Cap Rate 9%
$1,130,556
Alternative Uses
Best Use
Healthcare Medical
$1.45M
$1.27M – $1.70M
NOI $101,750 @ 7.0% cap · market cap 3.51%
Second Best
Office B
$1.36M
$1.19M – $1.59M
NOI $95,189 @ 7.0% cap · market cap 3.28%
Theoretical Best
Warehouse
$2.07M
$1.81M – $2.42M
NOI $144,946 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75013, TX
48,360
Population
18,341
Households
2.6
Avg Household Size
37
Median Age
65%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,224
Density / Sq Mi
$151,618
Median Household Income
$77,367
Median Earnings
$1,810
Median Rent
$561,000
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.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Exchange Professional Centre is 69% occupied by established medical tenants, including Lone StarKids Care Pediatrics and orthodontics.
Where is this medical office space located?
The property is located at 1256 W Exchange Pkwy Allen, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Exchange Professional Centre built in 2015; Currently 69% occupied by two established medical tenants: Lone StarKids Care Pediatrics and Allen Always Smiles Orthodontics; Property location: 1256 W Exchange Pkwy, Allen, TX 75013
