First-Floor Medical Office
For Sale
Contact for pricing
1675 Republic Parkway #104, Mesquite, TX 75150
The suite includes private offices, a reception area, a lab, and an in-suite restroom.
Property Size27,156 SF
Price / SF$0.15
Days on Market11
Property Features for 1675 Republic Parkway #104
General Information
Standard status
Active
Size
27,156 SF
Elevators
Yes
Property subtype
Office
Zoning
PD-C
Space & Availability
Floor
1
Condition
Turnkey
Additional Details
Property Use
Medical Office
Amenities
monument sign
common restrooms
Building Details
Year Built
2005
Construction
brick concrete
Listing Agency:
Magnorum Realty Services, LLC
Listed By:
James McDonald
(817) 487-7728
Source:
Magnorumrealty
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 4:44PM
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 Magnorum Realty Services, LLC
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Investment Insights
Based on property information with market context.
Suite 104 at 1675 Republic Parkway in Mesquite offers 1,787 square feet of medical office space on the building’s first floor. Its layout includes seven private offices, a waiting area, reception, a lab, a break area, and an ADA restroom. Interior features include LVP flooring, granite at reception, windows, and blinds. The building was constructed in 2005 and has an elevator, shared restrooms, a monument sign, and parking.
The property is near Dallas Regional Medical Center. It is zoned PD-C; permitted uses should be confirmed with the City of Mesquite.
The property is near Dallas Regional Medical Center. It is zoned PD-C; permitted uses should be confirmed with the City of Mesquite.
Key Highlights
- 1,787 SF medical office suite on the first floor
- Seven private offices, waiting area, reception, lab, and break area
- ADA restroom located within the suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,559,405
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,188,100
$31.2M
Cap Rate 7%
$22,277,214
$22.3M
Cap Rate 9%
$17,326,722
$17.3M
Market Conditions
NOI Build-Up for 27,156 SF
Gross rent
$2.78M $102.36/SF
− Vacancy
−$700.5K −$25.79/SF
EGI
$2.08M $76.57/SF
− OpEx
−$519.8K −$19.14/SF
NOI
$1.56M $57.42/SF
Area
Mesquite, TX
Vacancy
25.20%
Lease Rate
$102.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,188,100
Cap Rate 7%
$22,277,214
Cap Rate 9%
$17,326,722
Alternative Uses
Best Use
Healthcare Medical
$24.58M
$21.51M – $28.68M
NOI $1,720,604 @ 7.0% cap · market cap 41,261.49%
Second Best
Office B
$22.28M
$19.49M – $25.99M
NOI $1,559,405 @ 7.0% cap · market cap 37,395.80%
Theoretical Best
Specialty Retail
$72.86M
$63.75M – $85.00M
NOI $5,100,184 @ 7.0% cap · market cap 122,306.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75150, TX
64,654
Population
24,892
Households
2.6
Avg Household Size
34
Median Age
20%
College-Educated
80%
High-School Grad
12.6 sq mi
ZIP Area
5,131
Density / Sq Mi
$65,985
Median Household Income
$38,301
Median Earnings
$1,387
Median Rent
$221,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite includes private offices, a reception area, a lab, and an in-suite restroom.
Where is this medical office space located?
The property is located at 1675 Republic Parkway #104 Mesquite, TX.
What are key features of this property?
This property features: 1,787 SF medical office suite on the first floor; Seven private offices, waiting area, reception, lab, and break area; ADA restroom located within the suite
