Move-In-Ready Medical Office
For Sale
$199,000
12989 Jupiter Road, Dallas, TX 75238
Office suite includes reception, private offices, kitchenette, and private restroom within a professional condominium building.
Property Size1,119 SF
Price / SF$177.84
Days on Market173
Property Features for 12989 Jupiter Road
General Information
Standard status
Active
Size
1,119 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Central Air, A/C - Other
3
Asphalt.
Building Details
Year Built
1982
Listing Agency:
Kare Investment Sales & Leasing
(469) 471-6413
Listed By:
Karan Aulakh , CCIM · License #0731346
Source:
Xome
Added: Mar 4
Changed: Aug 20
Last Checked: Aug 24 at 5:19AM
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 Kare Investment Sales & Leasing
Investment Insights
Based on property information with market context.
Unit 105 at the Greengate Professional Building Condominiums is a recently painted, move-in-ready office suite with a functional, efficient layout. The unit includes a reception area, multiple private offices, a kitchenette, and a private restroom, creating a practical setup for professional and administrative operations. The floor plan is flexible and can support both owner-user occupancy and investment use.
The property is positioned along Jupiter Road and provides convenient access to I-635 and Northwest Highway. It benefits from strong visibility and accessibility within the Lake Highlands submarket.
This offering is for sale as an individual condominium unit and is available as an equipped office space ready for immediate occupancy.
The property is positioned along Jupiter Road and provides convenient access to I-635 and Northwest Highway. It benefits from strong visibility and accessibility within the Lake Highlands submarket.
This offering is for sale as an individual condominium unit and is available as an equipped office space ready for immediate occupancy.
Key Highlights
- Office suite in Greengate Professional Building Condominiums at 12989 Jupiter Road, Dallas
- Approximately 1,119 SF with reception area, multiple private offices, kitchenette, and private restroom
- Recently painted, move‑in‑ready office suite with central air conditioning (central air, A/C - other)
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
$14,502
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
7.29%
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%
$290,040
$290.0K
Cap Rate 7%
$207,171
$207.2K
Cap Rate 9%
$161,133
$161.1K
Market Conditions
NOI Build-Up for 1,119 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
$26.9K $24.00/SF
− Vacancy
−$2.7K −$2.40/SF
EGI
$24.2K $21.60/SF
− OpEx
−$9.7K −$8.64/SF
NOI
$14.5K $12.96/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$24.00 /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%
$290,040
Cap Rate 7%
$207,171
Cap Rate 9%
$161,133
Alternative Uses
Best Use
Office B
$919.0K
$804.2K – $1.07M
NOI $64,333 @ 7.0% cap · market cap 32.33%
Second Best
Healthcare Medical
$207.2K
$181.3K – $241.7K
NOI $14,502 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.34M
$1.17M – $1.57M
NOI $93,990 @ 7.0% cap · market cap 47.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 75238, TX
32,801
Population
14,332
Households
2.3
Avg Household Size
35
Median Age
52%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,970
Density / Sq Mi
$75,498
Median Household Income
$47,556
Median Earnings
$1,269
Median Rent
$526,100
Median Home Value
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite includes reception, private offices, kitchenette, and private restroom within a professional condominium building.
Where is this office units located?
The property is located at 12989 Jupiter Road Dallas, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Office suite in Greengate Professional Building Condominiums at 12989 Jupiter Road, Dallas; Approximately 1,119 SF with reception area, multiple private offices, kitchenette, and private restroom; Recently painted, move‑in‑ready office suite with central air conditioning (central air, A/C - other)
