Freestanding Medical Office
For Sale
Contact for pricing
2225 Vatican Lane, Dallas, TX 75224
Renovated clinical layout with exam rooms, signage, and extensive surface parking.
Property Size9,624 SF
Lot Size2.05 Acres
Price / SF$285.74
Days on Market58
Property Features for 2225 Vatican Lane
General Information
Standard status
Active
Size
9,624 SF
Total Parking Spaces
88
Lot size
2.05 Acres
Property subtype
Office
Amenities
Full signage
Building Details
Year Built
1965
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Building Size
9,624 SF
Tenancy
Single
Parking Ratio
9.14 per 1,000 SF
Listing Agency:
LanCarte Commercial
Listed By:
Brittany Doyle · License #619862-B
(806) 206-0290
Source:
Crexi
Added: Aug 25
Changed: Oct 14
Last Checked: Oct 20 at 7:06PM
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 LanCarte Commercial
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains 9,624 square feet in a single-story configuration on 2.05 acres. The building dates to 1965 and underwent renovation in 2015. Its existing medical improvements include exam rooms and clinical infrastructure, supporting continued healthcare-oriented occupancy without a major structural reconfiguration.
Located at 2225 Vatican Lane in Dallas, the property includes full building signage and approximately 88 surface parking spaces. The parking ratio is approximately 9.14 spaces per 1,000 square feet, providing substantial on-site parking relative to the building area. The entire facility is offered as one medical office asset.
Located at 2225 Vatican Lane in Dallas, the property includes full building signage and approximately 88 surface parking spaces. The parking ratio is approximately 9.14 spaces per 1,000 square feet, providing substantial on-site parking relative to the building area. The entire facility is offered as one medical office asset.
Key Highlights
- 9,624 SF single‑story medical office building on 2.05 AC
- Built in 1965 and renovated in 2015
- Existing medical buildout includes exam rooms and clinical infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,727
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,540
$2.5M
Cap Rate 7%
$1,781,814
$1.8M
Cap Rate 9%
$1,385,856
$1.4M
Market Conditions
NOI Build-Up for 9,624 SF
Gross rent
$231.0K $24.00/SF
− Vacancy
−$23.1K −$2.40/SF
EGI
$207.9K $21.60/SF
− OpEx
−$83.2K −$8.64/SF
NOI
$124.7K $12.96/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,540
Cap Rate 7%
$1,781,814
Cap Rate 9%
$1,385,856
Alternative Uses
Best Use
Office B
$7.90M
$6.92M – $9.22M
NOI $553,296 @ 7.0% cap · market cap 20.12%
Second Best
Healthcare Medical
$1.78M
$1.56M – $2.08M
NOI $124,727 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$11.55M
$10.10M – $13.47M
NOI $808,361 @ 7.0% cap · market cap 29.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75224, TX
33,766
Population
12,438
Households
2.7
Avg Household Size
32
Median Age
15%
College-Educated
69%
High-School Grad
5.7 sq mi
ZIP Area
5,924
Density / Sq Mi
$53,606
Median Household Income
$32,507
Median Earnings
$1,177
Median Rent
$213,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Dallas, TX
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated clinical layout with exam rooms, signage, and extensive surface parking.
Where is this medical office space located?
The property is located at 2225 Vatican Lane Dallas, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 9,624 SF single‑story medical office building on 2.05 AC; Built in 1965 and renovated in 2015; Existing medical buildout includes exam rooms and clinical infrastructure
