Lindale Medical Office Buildings For
For Sale
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2410 S Main St, Lindale, TX 75771
Two medical office buildings on high-traffic corridor in Lindale, TX.
Property Size6,342 SF
Price / SF$145.06
Days on Market173
Property Features for 2410 S Main St
General Information
Standard status
Active
Size
6,342 SF
Class
C
Property subtype
Office
Zoning
MU-1
Investment Type
Owner/User
Building Details
Year Built
1998
Buildings
2
Listing Agency:
Scarborough Commercial Real Estate
Listed By:
Samuel Scarborough, CCIM · License #TX 687976
Source:
Crexi
Added: Mar 3
Changed: Aug 21
Last Checked: Aug 22 at 1:33PM
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 Scarborough Commercial Real Estate
Investment Insights
Based on property information with market context.
Two adjacent medical office buildings, totaling 6,342 square feet, are available for acquisition on the high-traffic corridor of Hwy 69 in Lindale, TX. The property is suitable for owner-users, investors, or healthcare providers. One building at 2410 S. Main Street is 3,200 square feet and features a reception area, greeting room, break room, four exam rooms, four offices, two restrooms, and two gas HVAC units. The adjacent building at 2416 S. Main Street is 3,142 square feet and includes a reception area and greeting room, eight exam rooms, one meeting room, and two restrooms. The property includes a billboard lease through 2042, generating approximately $1,900 per year in passive income. One of the buildings is in poor condition, while the other needs some updating. Both were former clinics. The property is marketable, but no immediate user has been identified.
Key Highlights
- Two adjacent medical office buildings totaling 6,342 SF on high‑traffic Hwy 69.
- Move‑in ready condition suitable for owner‑users, investors, or healthcare providers.
- Includes a billboard lease generating approximately $1,900 per year through 2042.
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
$75,343
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
8.19%
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%
$1,506,860
$1.5M
Cap Rate 7%
$1,076,329
$1.1M
Cap Rate 9%
$837,144
$837.1K
Market Conditions
NOI Build-Up for 6,342 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
$114.2K $18.00/SF
− Vacancy
−$13.7K −$2.16/SF
EGI
$100.5K $15.84/SF
− OpEx
−$25.1K −$3.96/SF
NOI
$75.3K $11.88/SF
Area
Smith County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,506,860
Cap Rate 7%
$1,076,329
Cap Rate 9%
$837,144
Alternative Uses
Best Use
Healthcare Medical
$1.34M
$1.17M – $1.56M
NOI $93,838 @ 7.0% cap · market cap 10.20%
Second Best
Office B
$1.08M
$941.8K – $1.26M
NOI $75,343 @ 7.0% cap · market cap 8.19%
Theoretical Best
Hotel Hospitality
$4.78M
$4.18M – $5.57M
NOI $334,382 @ 7.0% cap · market cap 36.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75771, TX
21,870
Population
9,241
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
91%
High-School Grad
146.1 sq mi
ZIP Area
150
Density / Sq Mi
$90,112
Median Household Income
$48,088
Median Earnings
$1,318
Median Rent
$266,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Animal Hospital of Lindale — 2717 S Main St, Lindale, TX 75771
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office buildings on high-traffic corridor in Lindale, TX.
Where is this medical office space located?
The property is located at 2410 S Main St Lindale, TX.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Two adjacent medical office buildings totaling 6,342 SF on high‑traffic Hwy 69.; Move‑in ready condition suitable for owner‑users, investors, or healthcare providers.; Includes a billboard lease generating approximately $1,900 per year through 2042.
