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    Institutional Medical Office Building Title is generated by Realmo AI

    2817 S Mayhill Rd, Denton, TX 76208

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    Flexible medical office suites and shell space with strong TI support and ample parking in a hospital campus setting.

    Type:Office Medical
    Property size:
    20,346 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:37 am

    Property Features for 2817 S Mayhill Rd

    General Information

    Standard status
    Active
    Size
    20,346 SF
    Property subtype
    Office Medical

    Spaces For Lease

    at 2817 S Mayhill Rd Contact us

    We can help!

    Listing Contact
    Banks Newton
    Banks Newton

    Listing agent Banks Newton

    Listing office Lincoln Property Company - Corporate

    Listing date Jun 2, 2026

    Source Lpc

    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 Lincoln Property Company - Corporate

    HighLights

    • 42,000 SF institutionally owned medical office building in Denton, TX
    • Located on the campus of The Baylor Scott & White Heart Hospital
    • Multiple 2nd generation medical office suites plus shell space
    • Off I‑35E (116,329 VPD) and Mayhill Road (12,414 VPD)
    • Ample on‑site parking

    Overview

    The North Texas Professional Building is a 42,000-square-foot, institutionally owned medical office property with a mix of second-generation medical suites and available shell space. Suites offer room to customize, supported by generous tenant improvement allowances, making the building suitable for practices looking to tailor buildouts to their needs. The property’s layout supports a tenant mix that benefits from being located within an established healthcare environment.

    The building is positioned off I-35E and Mayhill Road in Denton, Texas, with published volumes of 116,329 VPD on I-35E and 12,414 VPD on Mayhill Road. It also sits on the campus of The Baylor Scott & White Heart Hospital, providing a clear connection to ongoing regional healthcare activity. Ample parking supports patient and staff access throughout the day.

    For medical office operators and investors, the combination of move-in-ready second-generation space and configurable shell opportunities can help match different occupancy timelines and buildout requirements. Tenant improvement support and a proven medical orientation make this a practical option for healthcare users seeking a stable location with the flexibility to upgrade or expand their space.
    Location Intelligence

    Current Use by Public Records

    Ronald Dejong, DC Alternative Medicine Practice Dr. Laurie A. Aten Physician Iloff Glorianna Employment Agency Ms. Pamela Quakenbush Physician Salman Malik Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Banfield Pet Hospital — 1441 S Loop 288, Denton, TX 76205

    Location Insight

    • Map
    • Local Demand
    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.0867312
    Latitude
    33.1748567

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    FAQs

    What type of property is this?
    Medical Office Space - Flexible medical office suites and shell space with strong TI support and ample parking in a hospital campus setting.
    Where is this medical office space located?
    The property is located at 2817 S Mayhill Rd Denton, TX.
    What are key features of this property?
    This property features: 42,000 SF institutionally owned medical office building in Denton, TX; Located on the campus of The Baylor Scott & White Heart Hospital; Multiple 2nd generation medical office suites plus shell space
    (214) 740-3300
    We can help!
    Listing Contact
    Banks Newton
    Banks Newton
    Learn More
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    Realmo Value Estimations

    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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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