MB2 Dental Medical Office
For Sale
Contact for pricing
2441 Lacy Lane, Carrollton, TX 75006
Absolute NNN structure includes 3% annual increases for the medical office tenancy.
Property Size16,280 SF
Price / SF$442.87
Days on Market18
Property Features for 2441 Lacy Lane
General Information
Standard status
Active
Size
16,280 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$432,600
Site & Location
Traffic Count
108,907 vehicles/day
Highway Access
Yes
Building Details
Year Built
2003
Year Renovated
2025
Units
1
Tenancy
Single
Listing Agency:
Colliers - San Diego - Carlsbad, California
Listed By:
Thomas Ladt · License #CA 01803956
Source:
Crexi
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 29 at 8:05PM
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 Colliers - San Diego - Carlsbad, California
Investment Insights
Based on property information with market context.
This 16,280-square-foot medical office property was built in 2003 and is occupied by MB2 Dental under an absolute NNN structure with 3% annual increases. The asset is located at 2441 Lacy Lane in Carrollton, Texas, providing an established medical-office setting for a sale transaction.
The property sits just off George Bush Turnpike, which carries 108,907 VPD, and is minutes from I-35 with 139,200 VPD. Dallas is 15 miles away, while the property is also positioned within the Dallas/Fort Worth MSA. The surrounding five-mile area has an average household income of $151,892 and a total daytime population of 385,069. The broader market includes 250,493 residents and recorded 22% population growth since 2010.
The property sits just off George Bush Turnpike, which carries 108,907 VPD, and is minutes from I-35 with 139,200 VPD. Dallas is 15 miles away, while the property is also positioned within the Dallas/Fort Worth MSA. The surrounding five-mile area has an average household income of $151,892 and a total daytime population of 385,069. The broader market includes 250,493 residents and recorded 22% population growth since 2010.
Key Highlights
- 16,280‑square‑foot medical office property built in 2003
- MB2 Dental occupancy with an absolute NNN structure
- 3% annual increases
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
$232,088
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
3.22%
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%
$4,641,760
$4.6M
Cap Rate 7%
$3,315,543
$3.3M
Cap Rate 9%
$2,578,756
$2.6M
Market Conditions
NOI Build-Up for 16,280 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
$439.6K $27.00/SF
− Vacancy
−$52.7K −$3.24/SF
EGI
$386.8K $23.76/SF
− OpEx
−$154.7K −$9.50/SF
NOI
$232.1K $14.26/SF
Area
Carrollton, TX
Vacancy
12.00%
Lease Rate
$27.00 /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%
$4,641,760
Cap Rate 7%
$3,315,543
Cap Rate 9%
$2,578,756
Alternative Uses
Best Use
Healthcare Medical
$3.32M
$2.90M – $3.87M
NOI $232,088 @ 7.0% cap · market cap 3.22%
Second Best
Office B
$2.88M
$2.52M – $3.36M
NOI $201,658 @ 7.0% cap · market cap 2.80%
Theoretical Best
Specialty Retail
$4.01M
$3.50M – $4.67M
NOI $280,369 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
108,907 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75006, TX
47,811
Population
19,549
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
83%
High-School Grad
17.1 sq mi
ZIP Area
2,796
Density / Sq Mi
$79,466
Median Household Income
$43,403
Median Earnings
$1,528
Median Rent
$296,500
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.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Absolute NNN structure includes 3% annual increases for the medical office tenancy.
Where is this medical office space located?
The property is located at 2441 Lacy Lane Carrollton, TX.
What is the asking price?
The asking price for this property is $7,210,000.
What are key features of this property?
This property features: 16,280‑square‑foot medical office property built in 2003; MB2 Dental occupancy with an absolute NNN structure; 3% annual increases
