Multi-Tenant Medical Office
1256 W Exchange Pkwy Allen, TX 75013
1256 W Exchange Pkwy, Allen, TX, 75013
Contact for pricing
For Sale
Contact for pricing
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 Market117
Property Features for 1256 W Exchange Pkwy
General Information
- Standard status
- Active
- Size
- 7,812 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2015
Listing agency
Marcus & Millichap - Dallas
(972) 755-5225
Listed by
Philip Levy · License #TX 522087
Source
Crexi
Added: Mar 27 Updated: Jul 21 at 1:30PM Checked: Jul 21 at 1:30PM
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
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $188.4k | $24.12 |
| − Vacancy | −$18.8k | −$2.41 |
| EGI | $169.6k | $21.71 |
| − OpEx | −$67.8k | −$8.68 |
| NOI | $101.7k | $13.02 |
7,812 SF · lease $24.12/SF/yr · vacancy 10.00% · expense 40.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kraus Orthodontics
Dental Office
Allen Always Smiles
Dental Office
Lone Star Kids ...
Medical Clinic
Dr. Kimberly L. ...
Pediatrician
Sabrina Dorris, NP-C
Physician
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FAQs
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
