Renovated Medical Office
For Sale
Contact for pricing
112 Denver Trl, Azle, TX 76020
Hospital-connected medical office with clinical rooms, reception functions, and an ADA bathroom.
Property Size2,250 SF
Price / SF$311.11
Days on Market1302
Property Features for 112 Denver Trl
General Information
Standard status
Active
Size
2,250 SF
Property subtype
OFFICE
Additional Details
Asking Price
$700,000
Building Details
Year Renovated
2020
Listing Agency:
Transwestern | Fort Worth
(817) 808-4088
Listed By:
Theron Bryant · License #TX;610590
(817) 808-4088
Source:
Moodyscre
Added: Feb 8, 2023
Changed: Aug 30
Last Checked: Sep 1 at 9:50PM
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 Transwestern | Fort Worth
Investment Insights
Based on property information with market context.
This 2,250-square-foot medical office at 112 Denver Trl in Azle was renovated in Summer 2020. The suite is directly connected to THR Azle Hospital, providing an integrated setting for medical operations.
The interior includes a patient waiting area, reception space, a physician’s office, 6–7 exam rooms, and an ADA-compliant bathroom. A dedicated doorway connects the office to the hospital, while the layout supports a clear progression from arrival and check-in through examination and provider use.
The interior includes a patient waiting area, reception space, a physician’s office, 6–7 exam rooms, and an ADA-compliant bathroom. A dedicated doorway connects the office to the hospital, while the layout supports a clear progression from arrival and check-in through examination and provider use.
Key Highlights
- 2,250‑square‑foot medical office suite
- Directly attached to THR Azle Hospital
- Renovated in Summer 2020
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
$31,287
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
4.47%
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%
$625,740
$625.7K
Cap Rate 7%
$446,957
$447.0K
Cap Rate 9%
$347,633
$347.6K
Market Conditions
NOI Build-Up for 2,250 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
$58.6K $26.04/SF
− Vacancy
−$6.4K −$2.86/SF
EGI
$52.1K $23.18/SF
− OpEx
−$20.9K −$9.27/SF
NOI
$31.3K $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%
$625,740
Cap Rate 7%
$446,957
Cap Rate 9%
$347,633
Alternative Uses
Best Use
Healthcare Medical
$447.0K
$391.1K – $521.5K
NOI $31,287 @ 7.0% cap · market cap 4.47%
Second Best
Office B
$407.6K
$356.7K – $475.6K
NOI $28,534 @ 7.0% cap · market cap 4.08%
Theoretical Best
Industrial
$2.24M
$1.96M – $2.61M
NOI $156,502 @ 7.0% cap · market cap 22.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76020, TX
33,469
Population
13,355
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
89%
High-School Grad
64.9 sq mi
ZIP Area
516
Density / Sq Mi
$91,000
Median Household Income
$48,559
Median Earnings
$1,246
Median Rent
$272,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Hospital-connected medical office with clinical rooms, reception functions, and an ADA bathroom.
Where is this medical office space located?
The property is located at 112 Denver Trl Azle, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,250‑square‑foot medical office suite; Directly attached to THR Azle Hospital; Renovated in Summer 2020
