Medical Office End-Cap
For Sale
$1,044,000
2120 Prairie Drive #901 & 902, Prosper, TX 75078
Configured for medical operations with exam rooms, private offices, and dedicated clinical sinks.
Property Size2,374 SF
Price / SF$439.76
Days on Market19
Property Features for 2120 Prairie Drive #901 & 902
General Information
Standard status
Active
Size
2,374 SF
Property subtype
Commercial
Building Details
Year Built
2026
Listing Agency:
Perfect Realty Partners
(817) 783-9497
Listed By:
Christine Beckendorf
(817) 783-9497
Source:
Txluxere
Added: Aug 14
Changed: Aug 31
Last Checked: Sep 1 at 6:12PM
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 Perfect Realty Partners
Investment Insights
Based on property information with market context.
Combining Units 901 and 902, this 2,374-square-foot medical office suite provides a contiguous end-cap layout within The Offices at Prosper 380. Completed in 2026, the space features modern architectural finishes, advanced HVAC systems, a reception area, conference rooms, two kitchens, multiple private restrooms, and private offices. The clinical plan includes up to Four private exam rooms, each supported by a Dedicated Sink for medical hygiene requirements. Large windows bring natural light into virtually every room, while the corner positioning creates a prominent presence within the development.
The property is positioned near Dallas North Tollway and HWY 380, with surrounding residential development and premium retail. Professional facade signage opportunities are available for occupant branding. The suite is approved for medical use and designed for healthcare and professional office operations.
The property is positioned near Dallas North Tollway and HWY 380, with surrounding residential development and premium retail. Professional facade signage opportunities are available for occupant branding. The suite is approved for medical use and designed for healthcare and professional office operations.
Key Highlights
- 2,374‑square‑foot contiguous medical office suite combining Units 901 and 902
- Completed in 2026 with modern finishes and advanced HVAC systems
- Up to Four private exam rooms with Dedicated Sinks
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
$33,011
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
3.16%
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%
$660,220
$660.2K
Cap Rate 7%
$471,586
$471.6K
Cap Rate 9%
$366,789
$366.8K
Market Conditions
NOI Build-Up for 2,374 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
$61.8K $26.04/SF
− Vacancy
−$6.8K −$2.86/SF
EGI
$55.0K $23.18/SF
− OpEx
−$22.0K −$9.27/SF
NOI
$33.0K $13.91/SF
Area
Collin County, TX
Vacancy
11.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
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%
$660,220
Cap Rate 7%
$471,586
Cap Rate 9%
$366,789
Alternative Uses
Best Use
Healthcare Medical
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 3.16%
Second Best
Office B
$430.1K
$376.3K – $501.8K
NOI $30,107 @ 7.0% cap · market cap 2.88%
Theoretical Best
Industrial
$2.36M
$2.06M – $2.75M
NOI $165,127 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75078, TX
38,980
Population
14,409
Households
2.7
Avg Household Size
34
Median Age
63%
College-Educated
97%
High-School Grad
31.6 sq mi
ZIP Area
1,234
Density / Sq Mi
$187,634
Median Household Income
$82,714
Median Earnings
$2,284
Median Rent
$650,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Houck Jennifer DVM — 1456 N Preston Rd, Dallas, TX 75240
- Lopez Tony DVM — 1456 N Preston Rd, Dallas, TX 75240
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical operations with exam rooms, private offices, and dedicated clinical sinks.
Where is this medical office space located?
The property is located at 2120 Prairie Drive #901 & 902 Prosper, TX.
What is the asking price?
The asking price for this property is $1,044,000.
What are key features of this property?
This property features: 2,374‑square‑foot contiguous medical office suite combining Units 901 and 902; Completed in 2026 with modern finishes and advanced HVAC systems; Up to Four private exam rooms with Dedicated Sinks
