Medical Office End-Cap
For Sale
$569,000
2120 Prairie Drive Unit #901, Prosper, TX 75078
Newly completed clinical suite with exam rooms, dedicated sinks, and access to major regional routes.
Property Size1,187 SF
Price / SF$479.36
Days on Market8
Property Features for 2120 Prairie Drive Unit #901
General Information
Standard status
Active
Size
1,187 SF
Property subtype
Office
Additional Details
Floor
9
Highway Access
Yes
Amenities
Professional Signage opportunities
Building Details
Year Built
2026
Listing Agency:
REKonnection, LLC
(972) 914-0989
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 15
Changed: Aug 21
Last Checked: Aug 21 at 9:02AM
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 REKonnection, LLC
Investment Insights
Based on property information with market context.
Unit 901 is a 1,187-square-foot medical office suite completed in 2026. The end-cap layout includes a reception area, conference room, kitchen, private restroom, and three private exam rooms. Dedicated clinical sinks serve nearly every room, while the suite also features modern HVAC, large windows, and contemporary architectural finishes.
Located in Building One at The Offices at Prosper 380, the property provides access to the Dallas North Tollway and HWY 380. Professional signage opportunities are available, and the suite is positioned within the Prosper, Texas development corridor near residential and retail growth.
Located in Building One at The Offices at Prosper 380, the property provides access to the Dallas North Tollway and HWY 380. Professional signage opportunities are available, and the suite is positioned within the Prosper, Texas development corridor near residential and retail growth.
Key Highlights
- 1,187‑square‑foot medical office suite completed in 2026
- End‑cap position in Building One at The Offices at Prosper 380
- Three private exam rooms with dedicated clinical sinks in nearly every room
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
$16,506
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
2.90%
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%
$330,120
$330.1K
Cap Rate 7%
$235,800
$235.8K
Cap Rate 9%
$183,400
$183.4K
Market Conditions
NOI Build-Up for 1,187 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
$30.9K $26.04/SF
− Vacancy
−$3.4K −$2.86/SF
EGI
$27.5K $23.18/SF
− OpEx
−$11.0K −$9.27/SF
NOI
$16.5K $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%
$330,120
Cap Rate 7%
$235,800
Cap Rate 9%
$183,400
Alternative Uses
Best Use
Healthcare Medical
$235.8K
$206.3K – $275.1K
NOI $16,506 @ 7.0% cap · market cap 2.90%
Second Best
Office B
$215.0K
$188.2K – $250.9K
NOI $15,053 @ 7.0% cap · market cap 2.65%
Theoretical Best
Industrial
$1.18M
$1.03M – $1.38M
NOI $82,563 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
- UrgentVet — 900 S Preston Rd #80, Prosper, TX 75078
- Prosper Pet Clinic — 170 N Preston Rd #60, Prosper, TX 75078
- 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 - Newly completed clinical suite with exam rooms, dedicated sinks, and access to major regional routes.
Where is this medical office space located?
The property is located at 2120 Prairie Drive Unit #901 Prosper, TX.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,187‑square‑foot medical office suite completed in 2026; End‑cap position in Building One at The Offices at Prosper 380; Three private exam rooms with dedicated clinical sinks in nearly every room
