Single-Story Medical Office
For Sale
$3,250,000
1727 Keller Parkway Keller, Keller, TX 76248
Single-story office building with 30 perimeter offices, lobby fireplace, and multiple workrooms plus storage and attic space.
Property Size8,655 SF
Lot Size1.15 Acres
Price / SF$375.51
Days on Market40
Property Features for 1727 Keller Parkway Keller
General Information
Standard status
Active
Size
8,655 SF
Lot size
1.15 Acres
Zoning
Commercial Office
Additional Details
Office Units
30
Taxes and HOA fees
Annual Taxes
$33,190
Building Details
Building Size
8,655 SF
Year Built
2002
Stories
1
Listing Agency:
(800) 683-5651
Listed By:
Amber Perez
(800) 683-5651
Source:
Jparhouston
Added: Jul 13
Changed: Aug 16
Last Checked: Aug 16 at 9:04AM
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 Amber Perez
Investment Insights
Based on property information with market context.
This single-story office building offers a highly functional layout with 30 individual offices, most positioned along the perimeter with windows. The property includes a spacious lobby with a fireplace and multiple staff workspace options, including a large workroom, a small workroom, and a versatile flex room that also features a fireplace. Additional improvements include a kitchen adjoining the flex room, two separate two-stall restrooms, three interior storage rooms, and a walk-up floored attic offering approximately 1,800 SF for additional storage or potential expansion.
The building sits on a 1.1486-acre lot with easy ingress and egress and wide frontage on heavily traveled FM 1709, providing strong visibility for professional or medical office use.
Built in 2002, the property is configured to support a client-facing reception and a variety of office operations, with supplemental storage and attic space for future needs.
The building sits on a 1.1486-acre lot with easy ingress and egress and wide frontage on heavily traveled FM 1709, providing strong visibility for professional or medical office use.
Built in 2002, the property is configured to support a client-facing reception and a variety of office operations, with supplemental storage and attic space for future needs.
Key Highlights
- 8,655 SF (per plans) single‑story office building built in 2002 on a 1.1486‑acre lot
- FM 1709 frontage with easy ingress and egress and a lobby featuring a fireplace
- 30 individual offices, most along the perimeter with windows
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
$120,348
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
3.70%
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%
$2,406,960
$2.4M
Cap Rate 7%
$1,719,257
$1.7M
Cap Rate 9%
$1,337,200
$1.3M
Market Conditions
NOI Build-Up for 8,655 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
$214.0K $24.72/SF
− Vacancy
−$53.5K −$6.18/SF
EGI
$160.5K $18.54/SF
− OpEx
−$40.1K −$4.64/SF
NOI
$120.3K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /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%
$2,406,960
Cap Rate 7%
$1,719,257
Cap Rate 9%
$1,337,200
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.01M
NOI $120,348 @ 7.0% cap · market cap 3.70%
Second Best
Healthcare Medical
$1.67M
$1.46M – $1.95M
NOI $117,123 @ 7.0% cap · market cap 3.60%
Theoretical Best
Multifamily LT 5
$121.04M
$105.91M – $141.21M
NOI $8,472,464 @ 7.0% cap · market cap 260.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
30
Office units
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 76248, TX
40,894
Population
14,749
Households
2.8
Avg Household Size
42
Median Age
60%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
2,588
Density / Sq Mi
$169,391
Median Household Income
$77,224
Median Earnings
$1,979
Median Rent
$545,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with 30 perimeter offices, lobby fireplace, and multiple workrooms plus storage and attic space.
Where is this office building located?
The property is located at 1727 Keller Parkway Keller Keller, TX.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 8,655 SF (per plans) single‑story office building built in 2002 on a 1.1486‑acre lot; FM 1709 frontage with easy ingress and egress and a lobby featuring a fireplace; 30 individual offices, most along the perimeter with windows
