Medical Office End-Cap
2120 Prairie Drive, Prosper, TX 75078
For Sale
$1,044,000
CommercialSale, Prosper, TX
Property Size2,374 SF
Lot Size0.05 Acres
Price / SF$439.76
Days on Market92
Property Features for 2120 Prairie Drive
General Information
Property type
Property subtype
Property condition
Zoning description
Subdivision
Directions
Standard status
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference rooms
kitchens
private restrooms
large windows
professional facade signage
state-of-the-art HVAC systems
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
REKonnection, LLC
(972) 914-0989
Listed By:
Amit Mahadar · License TX #0754810
Added: Aug 13
Changed: Oct 18
Last Checked: Nov 12 at 11:06AM
MLS# 21357299
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.
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Investment Insights
Based on property information with market context.
This medical office suite combines Units 901 and 902 into a contiguous 2,374-square-foot layout within Building One. The plan includes a reception area, conference rooms, two kitchens, private restrooms, additional private offices, and up to four exam rooms with dedicated sinks. Large windows extend across virtually every room, while modern HVAC supports the facility’s clinical environment. Interior finishes include vinyl flooring, with brick, stone veneer, and stucco construction materials.
The property offers immediate access to the Dallas North Tollway and HWY 380. Professional facade signage opportunities are available, and the building is served by public water and public sewer. The suite is identified as one of the limited properties within the development approved for medical use, supporting healthcare-oriented occupancy in Prosper.
The property offers immediate access to the Dallas North Tollway and HWY 380. Professional facade signage opportunities are available, and the building is served by public water and public sewer. The suite is identified as one of the limited properties within the development approved for medical use, supporting healthcare-oriented occupancy in Prosper.
Key Highlights
- 2,374‑square‑foot contiguous suite combining Units 901 and 902
- Up to four private exam rooms with dedicated sinks
- Reception area, conference rooms, two kitchens, private restrooms, and additional offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,011
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
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
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 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
Multifamily LT 5
$596.3K
$521.8K – $695.7K
NOI $41,743 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
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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
$650,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Collin County, TX
Properties on Market for Medical Office Space in Collin County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Embrace Wellness Animal Clinic — 2770 W First St suite 40, Prosper, TX 75078
Frequently Asked Questions
What type of property is this?
Medical Office Space - Contiguous layout includes reception, consultation, exam, office, kitchen, and restroom areas.
Where is this medical office space located?
The property is located at 2120 Prairie Drive 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 suite combining Units 901 and 902; Up to four private exam rooms with dedicated sinks; Reception area, conference rooms, two kitchens, private restrooms, and additional offices
