Medical Office Building with
For Sale
$2,500,000
Pending
132 El Chico Trail, Willow Park, TX 76087
Flexible professional facility with room-by-room plumbing, multiple entrances, and a layout suited to medical office operations.
Property Size7,125 SF
Lot Size1.50 Acres
Days on Market131
Property Features for 132 El Chico Trail
General Information
Standard status
Pending
Size
7,125 SF
Total Parking Spaces
56
Lot size
1.50 Acres
Property subtype
Commercial
Zoning
Zoned O
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
7,125 SF
Year Built
1991
Buildings
1
Stories
1
Units
1
Listing Agency:
Coldwell Banker Realty
(817) 996-0104
Listed By:
Jaime Wester · License #0662710
Source:
Signaturere
Added: Apr 24
Changed: Aug 29
Last Checked: Apr 24 at 7:18AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This medical office property includes 7,125 square feet within a building constructed in 1991 on nearly 1.5 acres. The interior offers plumbing and bathrooms in every room, a full kitchen, front reception area with a sliding glass window, built-in cabinetry, a dedicated mechanical room, and two large storage closets. Eight exterior doors support separation of spaces and flexible occupancy arrangements. Central air is also provided.
The site is positioned along I-20 frontage in Willow Park, between Weatherford and Aledo, with access toward the greater Fort Worth area. Traffic counts exceed 90,000 cars per day. Exterior improvements include 56 parking spaces, a gated and fenced rear area, and a drive-through formerly used for a pharmacy. Zoning allows a variety of uses, supporting medical, professional office, and multi-tenant applications.
The site is positioned along I-20 frontage in Willow Park, between Weatherford and Aledo, with access toward the greater Fort Worth area. Traffic counts exceed 90,000 cars per day. Exterior improvements include 56 parking spaces, a gated and fenced rear area, and a drive-through formerly used for a pharmacy. Zoning allows a variety of uses, supporting medical, professional office, and multi-tenant applications.
Key Highlights
- 7,125 SF medical office building on nearly 1.5 acres
- Plumbing and bathrooms in every room, plus a full kitchen
- Eight exterior doors support flexible space separation
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
$99,076
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
3.96%
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%
$1,981,520
$2.0M
Cap Rate 7%
$1,415,371
$1.4M
Cap Rate 9%
$1,100,844
$1.1M
Market Conditions
NOI Build-Up for 7,125 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
$185.5K $26.04/SF
− Vacancy
−$20.4K −$2.86/SF
EGI
$165.1K $23.18/SF
− OpEx
−$66.1K −$9.27/SF
NOI
$99.1K $13.91/SF
Area
Parker County, TX
Vacancy
11.00%
Lease Rate
$26.04 /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%
$1,981,520
Cap Rate 7%
$1,415,371
Cap Rate 9%
$1,100,844
Alternative Uses
Best Use
Healthcare Medical
$1.42M
$1.24M – $1.65M
NOI $99,076 @ 7.0% cap · market cap 3.96%
Second Best
Office B
$1.29M
$1.13M – $1.51M
NOI $90,359 @ 7.0% cap · market cap 3.61%
Theoretical Best
Industrial
$7.08M
$6.19M – $8.26M
NOI $495,589 @ 7.0% cap · market cap 19.82%
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
396
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76087, TX
33,346
Population
13,290
Households
2.5
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
185.5 sq mi
ZIP Area
180
Density / Sq Mi
$108,499
Median Household Income
$59,622
Median Earnings
$1,775
Median Rent
$352,000
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.
Similar Off Market Nearby
- Canine Rehabilitation & Conditioning Center — Interstate 20 Frontage Rd, Aledo, TX 76008
- Dr. Mariah Coakley — 5188 Interstate 20 Frontage Rd, Willow Park, TX 76008
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional facility with room-by-room plumbing, multiple entrances, and a layout suited to medical office operations.
Where is this medical office space located?
The property is located at 132 El Chico Trail Willow Park, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7,125 SF medical office building on nearly 1.5 acres; Plumbing and bathrooms in every room, plus a full kitchen; Eight exterior doors support flexible space separation
