Medical Office End-Cap
For Sale
$1,044,000
2120 Prairie Drive, Prosper, TX 75078
Contiguous professional layout includes reception, conference rooms, kitchens, restrooms, and clinical rooms.
Property Size2,374 SF
Price / SF$439.76
Days on Market10
Property Features for 2120 Prairie Drive
General Information
Standard status
Active
Size
2,374 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
1
Amenities
conference rooms
modern kitchens
private restrooms
private exam rooms
private offices
professional facade signage opportunities
Electric, A/C - Other
3
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
REKonnection, LLC
(972) 914-0989
Listed By:
Amit Mahadar · License #0754810
Source:
Xome
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 21 at 5:02AM
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.
Units 901 and 902 are combined into a 2,374-square-foot contiguous medical office suite within Building One. The layout includes a reception area, conference rooms, two kitchens, multiple private restrooms, additional private offices, and up to 4 exam rooms. Clinical rooms include dedicated sinks, while large windows provide natural light throughout much of the interior.
Completed in 2026, the suite features modern architectural finishes and HVAC systems. The property is located at 2120 Prairie Drive in Prosper, with access to the Dallas North Tollway and HWY 380. Professional facade signage opportunities are available, and the suite is positioned near residential developments and retail properties.
Completed in 2026, the suite features modern architectural finishes and HVAC systems. The property is located at 2120 Prairie Drive in Prosper, with access to the Dallas North Tollway and HWY 380. Professional facade signage opportunities are available, and the suite is positioned near residential developments and retail properties.
Key Highlights
- 2,374‑square‑foot contiguous suite combining Units 901 and 902
- Medical office configuration includes reception, conference rooms, kitchens, restrooms, and private offices
- Up to 4 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
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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
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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 - Contiguous professional layout includes reception, conference rooms, kitchens, restrooms, and clinical rooms.
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; Medical office configuration includes reception, conference rooms, kitchens, restrooms, and private offices; Up to 4 private exam rooms with dedicated sinks
