Medical Office Suite with Open
For Sale
Contact for pricing
1675 Republic Parkway #140, Mesquite, TX 75150
An open physical therapy area is complemented by a private office and dedicated storage.
Property Size27,156 SF
Price / SF$0.19
Days on Market11
Property Features for 1675 Republic Parkway #140
General Information
Standard status
Active
Size
27,156 SF
Elevators
Yes
Property subtype
Office
Zoning
PD-C
Space & Availability
Floor
1st Floor
Condition
Turnkey
Additional Details
Property Use
PT Gym
Medical Specialty
physical therapy, chiropractic
Amenities
high ceilings
open floor plan
private office
storage
ADA restrooms
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 2:45PM
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.
This first-floor medical office suite contains 2,342.52 SF, including an open physical therapy gym, a 140 SF private office, and a storage room. High ceilings and an open layout define the main area. The building, constructed in 2005, has an elevator, ADA restrooms, and shared restrooms. Brick and concrete construction and a monument sign are also noted, along with on-site 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 stated lease term ranges from 12 to 36 months.
The property is near Dallas Regional Medical Center. It is zoned PD-C; permitted uses should be confirmed with the City of Mesquite. The stated lease term ranges from 12 to 36 months.
Key Highlights
- 2,342.52 SF first‑floor medical office suite
- Open physical therapy gym with a 140 SF private office and storage room
- High ceilings and open layout
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 32,642.84%
Second Best
Office B
$22.28M
$19.49M – $25.99M
NOI $1,559,405 @ 7.0% cap · market cap 29,584.61%
Theoretical Best
Specialty Retail
$72.86M
$63.75M – $85.00M
NOI $5,100,184 @ 7.0% cap · market cap 96,759.32%
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 - An open physical therapy area is complemented by a private office and dedicated storage.
Where is this medical office space located?
The property is located at 1675 Republic Parkway #140 Mesquite, TX.
What are key features of this property?
This property features: 2,342.52 SF first‑floor medical office suite; Open physical therapy gym with a 140 SF private office and storage room; High ceilings and open layout
