Vacant Medical Office
For Sale
Contact for pricing
2210 Paddock Way Dr, Grand Prairie, TX 75050
12,750 SF medical office building in Grand Prairie, Texas.
Property Size12,750 SF
Price / SF$215
Days on Market244
Property Features for 2210 Paddock Way Dr
General Information
Standard status
Active
Size
12,750 SF
Class
B
Property subtype
Office
Occupancy
19%
Lease Type
NNN
Investment Type
Owner/User
Net Operating Income
$47,596
Building Details
Year Renovated
2009
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Joseph Jaques · License #TX 651497
(972) 755-5200
Source:
Crexi
Added: Feb 13
Changed: Oct 12
Last Checked: Oct 14 at 9:18PM
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 Marcus & Millichap - Dallas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12,750-square-foot medical office building is located at 2210 Paddock Way Drive in Grand Prairie, Texas. The property is a compelling owner-user opportunity, allowing a medical operator to secure immediate occupancy. The offering includes the medical office building and its associated land footprint. The seller is retaining the adjacent rear vacant land parcel, which is not included in the purchase. The asset benefits from strong medical adjacency, located near a Baylor Scott & White Family Medical Center. This proximity supports patient convenience, referral activity, and long-term operational viability for outpatient and specialty medical users. The property provides direct access to Interstate 30 and State Highway 360. This location allows for efficient access for patients, physicians, and staff throughout Grand Prairie, Arlington, Irving, and surrounding markets. Additionally, the property benefits from close proximity to Dallas/Fort Worth International Airport. With its vacant status and functional footprint, the building is well suited for single-tenant owner-user occupancy, multi-tenant outpatient use, or a customized medical configuration. The property offers flexibility for an owner-user to tailor the space and establish a long-term presence within a centrally located Grand Prairie medical submarket.
Key Highlights
- Vacant 12,750 SF medical office building offering immediate occupancy.
- Strong medical adjacency to Baylor Scott & White Family Medical Center.
- Excellent regional connectivity with direct access to Interstate 30 and State Highway 360.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,358
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,547,160
$3.5M
Cap Rate 7%
$2,533,686
$2.5M
Cap Rate 9%
$1,970,644
$2.0M
Market Conditions
NOI Build-Up for 12,750 SF
Gross rent
$321.3K $25.20/SF
− Vacancy
−$25.7K −$2.02/SF
EGI
$295.6K $23.18/SF
− OpEx
−$118.2K −$9.27/SF
NOI
$177.4K $13.91/SF
Area
Grand Prairie, TX
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,547,160
Cap Rate 7%
$2,533,686
Cap Rate 9%
$1,970,644
Alternative Uses
Best Use
Healthcare Medical
$2.53M
$2.22M – $2.96M
NOI $177,358 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$2.30M
$2.01M – $2.69M
NOI $161,109 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$3.58M
$3.14M – $4.18M
NOI $250,920 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75050, TX
43,531
Population
17,286
Households
2.5
Avg Household Size
33
Median Age
23%
College-Educated
79%
High-School Grad
25.8 sq mi
ZIP Area
1,687
Density / Sq Mi
$70,484
Median Household Income
$39,322
Median Earnings
$1,412
Median Rent
$224,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - 12,750 SF medical office building in Grand Prairie, Texas.
Where is this medical office space located?
The property is located at 2210 Paddock Way Dr Grand Prairie, TX.
What is the asking price?
The asking price for this property is $2,741,300.
What are key features of this property?
This property features: Vacant 12,750 SF medical office building offering immediate occupancy.; Strong medical adjacency to Baylor Scott & White Family Medical Center.; Excellent regional connectivity with direct access to Interstate 30 and State Highway 360.
