Medical Office Suite with
For Sale
$375,000
2840 Keller Springs Road, Carrollton, TX 75006
Functional layout includes reception, private rooms, support space, and an ADA-accessible restroom.
Property Size1,170 SF
Price / SF$320.51
Days on Market8
Property Features for 2840 Keller Springs Road
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$6,093
Amenities
Gas
3
Building Details
Year Built
2004
Listing Agency:
EXP REALTY
(214) 769-9676
Listed By:
Xuan Song · License #0649843
(214) 769-9676
Source:
Xome
Added: Aug 9
Changed: Aug 16
Last Checked: Aug 16 at 3:13AM
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 EXP REALTY
Investment Insights
Based on property information with market context.
This 1,170-square-foot medical office suite offers a completed interior configuration for professional or healthcare operations. The layout includes a reception and waiting area, four enclosed offices or treatment rooms, a dispensary or work area, a utility room, and an ADA-accessible restroom. The combination of private rooms and shared support areas provides a practical arrangement for patient-facing and administrative functions.
Built in 2004, the property is located at 2840 Keller Springs Road in Carrollton, Texas. The suite may accommodate medical, dental, chiropractic, wellness, therapy, beauty, esthetic, or other professional office uses, subject to applicable zoning and use requirements.
Built in 2004, the property is located at 2840 Keller Springs Road in Carrollton, Texas. The suite may accommodate medical, dental, chiropractic, wellness, therapy, beauty, esthetic, or other professional office uses, subject to applicable zoning and use requirements.
Key Highlights
- 1,170 SF medical office suite
- Four private offices or treatment rooms
- Reception and waiting area included
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
$16,680
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
4.45%
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%
$333,600
$333.6K
Cap Rate 7%
$238,286
$238.3K
Cap Rate 9%
$185,333
$185.3K
Market Conditions
NOI Build-Up for 1,170 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
$31.6K $27.00/SF
− Vacancy
−$3.8K −$3.24/SF
EGI
$27.8K $23.76/SF
− OpEx
−$11.1K −$9.50/SF
NOI
$16.7K $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%
$333,600
Cap Rate 7%
$238,286
Cap Rate 9%
$185,333
Alternative Uses
Best Use
Healthcare Medical
$238.3K
$208.5K – $278.0K
NOI $16,680 @ 7.0% cap · market cap 4.45%
Second Best
Office B
$207.0K
$181.2K – $241.6K
NOI $14,493 @ 7.0% cap · market cap 3.86%
Theoretical Best
Specialty Retail
$287.8K
$251.9K – $335.8K
NOI $20,149 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Under-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
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Similar Off Market Nearby
- Noah's Ark Pet Hospital — 2155 Marsh Ln Ste 106, Carrollton, TX 75006
Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional layout includes reception, private rooms, support space, and an ADA-accessible restroom.
Where is this medical office space located?
The property is located at 2840 Keller Springs Road Carrollton, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,170 SF medical office suite; Four private offices or treatment rooms; Reception and waiting area included
