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    Medical or Professional Office Suite Title is generated by Realmo AI

    203 George Hopper Road, Midlothian, TX 76065

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    For Lease
    $30 SF/Yr $2,875/Mo (calc)

    COMMERCIAL - Midlothian, TX

    Type:Office
    Property size:
    1,150 SF
    Lot size:
    0.36 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 203 George Hopper Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    Parking Lot, Garage
    Standard status
    Active
    APN
    251467
    Size
    1,150 SF
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Description
    LOT 2 BLK 27 MIDTOWNE PH2 .3602 AC

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    2016
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Carpet, Tile
    Building materials
    Brick, Concrete
    Roof type
    Composition, Shingle

    We can help!

    Listing Contact
    Brandon Reichenau

    Listing agent Brandon Reichenau License #0652960

    Listing office RE/MAX FRONTIER MIDLOTHIAN, TX

    Listing date Mar 22, 2026

    MLS# 21170956

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Office suite for lease in Midlothian with 1,150 SF of space
    • Layout includes three private offices plus an additional room for storage or flexible workspace
    • Includes a bathroom and central hallway for the office suite
    • Building uses brick and concrete construction, with composition/shingle roof
    • Heating and cooling include central systems plus electric heating and electric cooling
    • Utilities include public water and public sewer; parking available with a parking lot and garage

    Overview

    This office suite for lease offers 1,150 square feet of functional, efficient space designed to support both individual work and day-to-day coordination. The layout includes three private offices, a central hallway, and a bathroom. An additional room provides options for storage or flexible workspace, giving the suite a practical mix of privacy and utility.

    Located in a high-visibility, growing area, the suite is positioned for easy access for both clients and staff. The overall configuration is suited to a range of professional uses where clear separation between work areas is important.

    The space is a strong fit for medical, legal, real estate, or general office operations, particularly for professionals who want private rooms for consultation, meetings, or focused work. With a bathroom and dedicated private offices already in place, it can accommodate a variety of office-driven functions while keeping the central hallway workflow straightforward.
    Property Profile Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Advisor River Ranch Dental Dental Office Edward Jones - Financial ... Financial Advisor Canyon Creek Homes Construction Company Edward Jones - Financial ... Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Ellis
    State
    Texas
    Longitude
    -96.991731
    Latitude
    32.474838

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    FAQs

    What type of property is this?
    Office units - Office suite with three private offices, ideal for teams needing privacy and flexible room use.
    Where is this office units located?
    The property is located at 203 George Hopper Road Midlothian, TX.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Office suite for lease in Midlothian with 1,150 SF of space; Layout includes three private offices plus an additional room for storage or flexible workspace; Includes a bathroom and central hallway for the office suite
    (469) 846-0123
    We can help!
    Listing Contact
    Brandon Reichenau
    Real Estate License ID: 0652960
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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