Frisco Medical Office
14688 State Hwy 121 Frisco, TX 75035
14688 State Hwy 121, Frisco, TX, 75035
Contact for pricing
For Sale
Contact for pricing
Fully leased medical office condo in Frisco, Texas.
Property Size1,601 SF
Price / SF$559.26
Days on Market149
Property Features for 14688 State Hwy 121
General Information
- Standard status
- Active
- Size
- 1,601 SF
- Property subtype
- Office
Listing Agency
Ready Real Estate
(817) 569-8200
Listed by
Suresh Malepati · License #777092
Source
Crexi
Added: Feb 17 Checked: Jul 16 at 9:51 am
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.3k | $31.44 |
| − Vacancy | −$6.5k | −$4.09 |
| EGI | $43.8k | $27.35 |
| − OpEx | −$10.9k | −$6.84 |
| NOI | $32.8k | $20.51 |
1,601 SF · lease $31.44/SF/yr · vacancy 13.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$469.2K
$410.6K – $547.4K
NOI $32,844 @ 7.0% cap · market cap 3.67%
Second Best
Healthcare Medical
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$624.6K
$546.6K – $728.8K
NOI $43,725 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sigma Dental Specialists
Dental Office
Peachtree Dental
Dental Office
Heart Care
Medical Clinic
Shahnaz Begum MD
Physician
Kian Daghighi
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- VetIQ Petcare — 16066 State Hwy 121, Frisco, TX 75035
- Collin County Veterinary Imaging Center — 5353 Independence Pkwy #100, Frisco, TX 75035
FAQs
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 $895,374.
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.
