Two-Building Medical Office
For Sale
$2,310,000
B-731 Zena Rucker Rd, Southlake, TX 76092
New medical office space is planned near retail destinations and an elementary school in Southlake.
Property Size6,000 SF
Price / SF$385
Days on Market599
Property Features for B-731 Zena Rucker Rd
General Information
Standard status
Active
Size
6,000 SF
Class
Class A
Taxes and HOA fees
Annual Taxes
$23,692
Building Details
Buildings
2
Abandoned
No
Listing Agency:
Vision Commercial Real Estate
(817) 803-3287
Listed By:
Trenton Price · License #0652029
(817) 803-3287
Source:
Exprealty
Added: Jan 10, 2025
Changed: Aug 30
Last Checked: Aug 31 at 6:23PM
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 Vision Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office development comprises two buildings with available spaces ranging from 2,900 to 11,400 square feet. Delivery is scheduled for Spring 2025, providing a new setting for medical office users within a planned two-building project.
The property is located at B-731 Zena Rucker Rd in Southlake, Texas, directly beside Rockenbaugh Elementary School. Park Village, Shops of Southlake, and Southlake Town Square are all within walking distance, placing the development near established shopping and dining destinations.
The property is located at B-731 Zena Rucker Rd in Southlake, Texas, directly beside Rockenbaugh Elementary School. Park Village, Shops of Southlake, and Southlake Town Square are all within walking distance, placing the development near established shopping and dining destinations.
Key Highlights
- Two medical office buildings with spaces from 2, 900 to 11, 400 sf
- Scheduled delivery in Spring 2025
- Directly next to Rockenbaugh Elementary School
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
$103,680
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
4.49%
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%
$2,073,600
$2.1M
Cap Rate 7%
$1,481,143
$1.5M
Cap Rate 9%
$1,152,000
$1.2M
Market Conditions
NOI Build-Up for 6,000 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
$184.3K $30.72/SF
− Vacancy
−$46.1K −$7.68/SF
EGI
$138.2K $23.04/SF
− OpEx
−$34.6K −$5.76/SF
NOI
$103.7K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$2,073,600
Cap Rate 7%
$1,481,143
Cap Rate 9%
$1,152,000
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 4.49%
Second Best
Healthcare Medical
$1.47M
$1.29M – $1.71M
NOI $102,816 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,744 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,337
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76092, TX
31,924
Population
9,886
Households
3.2
Avg Household Size
42
Median Age
75%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
1,406
Density / Sq Mi
$250,001
Median Household Income
$123,882
Median Earnings
$3,501
Median Rent
$956,200
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
- Ruffner Laura DVM — 425 W Southlake Blvd, Southlake, TX 76092
- Golden Triangle Animal Hospital — 425 W Southlake Blvd, Southlake, TX 76092
Frequently Asked Questions
What type of property is this?
Medical Office Space - New medical office space is planned near retail destinations and an elementary school in Southlake.
Where is this medical office space located?
The property is located at B-731 Zena Rucker Rd Southlake, TX.
What is the asking price?
The asking price for this property is $2,310,000.
What are key features of this property?
This property features: Two medical office buildings with spaces from 2, 900 to 11, 400 sf; Scheduled delivery in Spring 2025; Directly next to Rockenbaugh Elementary School
