Free-Standing Medical Office
For Sale
$2,200,000
2601 Scripture St, Denton, TX 76201
Free-standing medical office building configured as two independent suites with multiple exam rooms and on-site parking.
Property Size5,862 SF
Days on Market48
Property Features for 2601 Scripture St
General Information
Standard status
Active
Size
5,862 SF
Class
B
Property subtype
Office
Building Details
Building Size
5,862 SF
Year Built
2008
Listing Agency:
SVN VERUS Commercial
Listed By:
Greg Johnson
(940) 594-7717
Source:
Svn
Added: Jul 19
Changed: Aug 25
Last Checked: Sep 4 at 5:16AM
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 SVN VERUS Commercial
Investment Insights
Based on property information with market context.
2601 Scripture St is a highly visible, free-standing 5,862 SF medical office building on a 0.52-acre lot. The property is being delivered 100% vacant and is already configured into two independent suites, providing flexibility for an owner-occupant or a split-suite setup.
Each suite is laid out with 8–12 exam rooms, supporting exam-focused medical operations. The building also includes 30 private parking spaces, and it is located on the THR campus in Denton, Texas.
With the existing two-suite configuration and dedicated parking, the property offers a turnkey medical office layout designed to support separate operations within the same footprint.
Each suite is laid out with 8–12 exam rooms, supporting exam-focused medical operations. The building also includes 30 private parking spaces, and it is located on the THR campus in Denton, Texas.
With the existing two-suite configuration and dedicated parking, the property offers a turnkey medical office layout designed to support separate operations within the same footprint.
Key Highlights
- Free‑standing 5,862 SF medical office building on a 0.52‑acre lot
- Built in 2008 and currently delivered 100% vacant for immediate use or redesign
- Configured as two independent suites for owner‑use with rental flexibility
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
$91,997
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
4.18%
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%
$1,839,940
$1.8M
Cap Rate 7%
$1,314,243
$1.3M
Cap Rate 9%
$1,022,189
$1.0M
Market Conditions
NOI Build-Up for 5,862 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
$158.3K $27.00/SF
− Vacancy
−$35.6K −$6.08/SF
EGI
$122.7K $20.93/SF
− OpEx
−$30.7K −$5.23/SF
NOI
$92.0K $15.69/SF
Area
Denton, TX
Vacancy
22.50%
Lease Rate
$27.00 /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%
$1,839,940
Cap Rate 7%
$1,314,243
Cap Rate 9%
$1,022,189
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,997 @ 7.0% cap · market cap 4.18%
Second Best
Healthcare Medical
$1.22M
$1.07M – $1.42M
NOI $85,468 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,203 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
805
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
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 - Free-standing medical office building configured as two independent suites with multiple exam rooms and on-site parking.
Where is this medical office space located?
The property is located at 2601 Scripture St Denton, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Free‑standing 5,862 SF medical office building on a 0.52‑acre lot; Built in 2008 and currently delivered 100% vacant for immediate use or redesign; Configured as two independent suites for owner‑use with rental flexibility
