Remodeled Dental Medical
For Sale
Contact for pricing
189 Historic Town Square, Lancaster, TX 75146
Freestanding brick property with treatment rooms, reception, laboratory, storage, office, and multiple restroom areas.
Property Size1,400 SF
Price / SF$356.43
Days on Market50
Property Features for 189 Historic Town Square
General Information
Standard status
Active
Size
1,400 SF
Property subtype
OFFICE
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Buildings
1
Construction
brick
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Caprice Michelle, LLC
Listed By:
Caprice Michelle Swiercinsky, MAPS
(214) 789-7364
Source:
Moodyscre
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 10:17AM
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 Caprice Michelle, LLC
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Investment Insights
Based on property information with market context.
This freestanding medical office occupies a historic brick building configured for dental operations. The interior includes a reception area, waiting room, four operatories, laboratory space, storage, an additional bathroom, and a small private office. Recent remodeling has updated the practice environment and preserved a complete clinical layout within 1400 square feet.
The property is located at 189 Historic Town Square in Lancaster, Texas, with parking positioned in front of the building and around the square. Its existing configuration provides a dedicated setting for a dental practice with patient-facing, treatment, administrative, and support areas already organized on site.
The property is located at 189 Historic Town Square in Lancaster, Texas, with parking positioned in front of the building and around the square. Its existing configuration provides a dedicated setting for a dental practice with patient-facing, treatment, administrative, and support areas already organized on site.
Key Highlights
- 1400‑square‑foot dental office configuration
- Four operatories with reception and waiting areas
- Laboratory, storage, small office, and extra bath included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,905
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,100
$398.1K
Cap Rate 7%
$284,357
$284.4K
Cap Rate 9%
$221,167
$221.2K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$36.5K $26.04/SF
− Vacancy
−$3.3K −$2.34/SF
EGI
$33.2K $23.70/SF
− OpEx
−$13.3K −$9.48/SF
NOI
$19.9K $14.22/SF
Area
Dallas County, TX
Vacancy
9.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,100
Cap Rate 7%
$284,357
Cap Rate 9%
$221,167
Alternative Uses
Best Use
Healthcare Medical
$284.4K
$248.8K – $331.8K
NOI $19,905 @ 7.0% cap · market cap 3.99%
Second Best
Office B
$283.5K
$248.1K – $330.8K
NOI $19,845 @ 7.0% cap · market cap 3.98%
Theoretical Best
Multifamily LT 5
$16.78M
$14.68M – $19.58M
NOI $1,174,692 @ 7.0% cap · market cap 235.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 75146, TX
23,837
Population
9,575
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
87%
High-School Grad
34.7 sq mi
ZIP Area
687
Density / Sq Mi
$70,143
Median Household Income
$42,889
Median Earnings
$1,560
Median Rent
$249,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding brick property with treatment rooms, reception, laboratory, storage, office, and multiple restroom areas.
Where is this medical office space located?
The property is located at 189 Historic Town Square Lancaster, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1400‑square‑foot dental office configuration; Four operatories with reception and waiting areas; Laboratory, storage, small office, and extra bath included
