Frisco Medical Office
For Sale
Contact for pricing
14688 State Hwy 121, Frisco, TX 75035
Fully leased medical office condo in Frisco, Texas.
Property Size1,601 SF
Price / SF$530.92
Days on Market238
Property Features for 14688 State Hwy 121
General Information
Standard status
Active
Size
1,601 SF
Class
B
Property subtype
Office
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$60,438
Building Details
Year Built
2017
Units
1
Tenancy
Single
Listing Agency:
Ready Real Estate
Listed By:
Suresh Malepati · License #777092
(817) 569-8200
Source:
Crexi
Added: Feb 17
Changed: Oct 7
Last Checked: Oct 12 at 8:04PM
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 Ready Real Estate
Investment Insights
Based on property information with market context.
This 1,600 SF medical office condo, built in 2017, is located in Frisco, Texas, within a modern office park at the intersection of State Highway 121 and Independence Parkway. The property is fully leased to a medical tenant, with a new 5-year lease extension in progress. The suite features a reception area, two private offices, a conference room, a bullpen workspace, and two restrooms. It also includes high-quality finish-out, construction, fixtures, furniture, and equipment. The property has direct access to Highway 121 and the Dallas North Tollway and benefits from proximity to healthcare providers, retail centers, and residential communities. This property is an income-producing medical office and is suitable for passive investors seeking returns in a healthcare-driven market.
Key Highlights
- Fully leased to an established medical tenant with a new 5‑year lease extension in progress, ensuring stable cash flow.
- Prime location at the signalized intersection of State Highway 121 and Independence Parkway in Frisco, Texas, offering exceptional visibility and accessibility.**
- Located in a high‑growth, healthcare‑driven market with strong demographics and continued population growth.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,844
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,880
$656.9K
Cap Rate 7%
$469,200
$469.2K
Cap Rate 9%
$364,933
$364.9K
Market Conditions
NOI Build-Up for 1,601 SF
Gross rent
$50.3K $31.44/SF
− Vacancy
−$6.5K −$4.09/SF
EGI
$43.8K $27.35/SF
− OpEx
−$10.9K −$6.84/SF
NOI
$32.8K $20.51/SF
Area
Frisco, TX
Vacancy
13.00%
Lease Rate
$31.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,880
Cap Rate 7%
$469,200
Cap Rate 9%
$364,933
Alternative Uses
Best Use
Office B
$469.2K
$410.6K – $547.4K
NOI $32,844 @ 7.0% cap · market cap 3.86%
Second Best
Healthcare Medical
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$624.6K
$546.6K – $728.8K
NOI $43,725 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75035, TX
82,596
Population
29,198
Households
2.8
Avg Household Size
35
Median Age
68%
College-Educated
96%
High-School Grad
24.9 sq mi
ZIP Area
3,317
Density / Sq Mi
$161,030
Median Household Income
$83,321
Median Earnings
$2,171
Median Rent
$562,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office condo in Frisco, Texas.
Where is this medical office space located?
The property is located at 14688 State Hwy 121 Frisco, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully leased to an established medical tenant with a new 5‑year lease extension in progress, ensuring stable cash flow.; Prime location at the signalized intersection of State Highway 121 and Independence Parkway in Frisco, Texas, offering exceptional visibility and accessibility.**; Located in a high‑growth, healthcare‑driven market with strong demographics and continued population growth.
