Second-Generation Medical Office
3204 Colorado Boulevard Denton, TX 76210
New
3204 Colorado Boulevard, Denton, TX, 76210
$799,000
For Sale
$799,000
Purpose-built medical office with exam rooms, private offices, waiting and check-in area, plus 19 dedicated parking spaces.
Property Size2,788 SF
Price / SF$286.59
Days on Market3
Property Features for 3204 Colorado Boulevard
General Information
- Standard status
- Active
- Size
- 2,788 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing agency
Scott Brown Properties, Inc
(940) 597-9705
Listed by
Ryan Burks · License #0790768
(940) 597-9705
Source
Cornerstonehomeandranch
Added: Jul 20 Updated: Jul 22 at 1:26AM Checked: Jul 22 at 6:46AM
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 Scott Brown Properties, Inc
Investment Insights
Based on property information with market context.
Rare second-generation, purpose-built medical office building for sale in Denton’s southern medical district, formerly used as a urology practice and just steps from Medical City Denton. The space totals 2,788 square feet and is laid out with four exam rooms, two private offices, a consultation room, waiting area, and a check-in/check-out window. Additional improvements include a breakroom, nurses station, two private restrooms, and multiple storage rooms.
The property is supported by a HVAC system that is just a few years old, and metal roofs designed for long service life. Outside, it features 19 dedicated parking spaces. The building’s curb appeal is supported by landscaping, and the area is near major restaurants and retailers, including Buc-ee’s, Texas Roadhouse, Olive Garden, Chick-fil-A, and Golden Triangle Mall, with nearby hotels such as Hilton Garden Inn Denton, Best Western Premier Crown Chase Inn & Suites, and Courtyard Marriott Denton.
The property is supported by a HVAC system that is just a few years old, and metal roofs designed for long service life. Outside, it features 19 dedicated parking spaces. The building’s curb appeal is supported by landscaping, and the area is near major restaurants and retailers, including Buc-ee’s, Texas Roadhouse, Olive Garden, Chick-fil-A, and Golden Triangle Mall, with nearby hotels such as Hilton Garden Inn Denton, Best Western Premier Crown Chase Inn & Suites, and Courtyard Marriott Denton.
Key Highlights
- Purpose‑built medical office building built in 2000 with 2,788 SF
- Layout includes 4 exam rooms, two private offices, consultation room, waiting area, and check‑in/check‑out window
- Two private restrooms plus breakroom, nurses station, and multiple storage rooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.3k | $27.00 |
| − Vacancy | −$16.9k | −$6.08 |
| EGI | $58.3k | $20.93 |
| − OpEx | −$14.6k | −$5.23 |
| NOI | $43.8k | $15.69 |
2,788 SF · lease $27.00/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$625.1K
$546.9K – $729.2K
NOI $43,754 @ 7.0% cap · market cap 5.48%
Second Best
Healthcare Medical
$580.7K
$508.1K – $677.5K
NOI $40,649 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$871.1K
$762.2K – $1.02M
NOI $60,974 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mc Bride Dan ...
Physician
Dan McBride, MD
Physician
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FAQs
What type of property is this?
Medical Office Space - Purpose-built medical office with exam rooms, private offices, waiting and check-in area, plus 19 dedicated parking spaces.
Where is this medical office space located?
The property is located at 3204 Colorado Boulevard Denton, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Purpose‑built medical office building built in 2000 with 2,788 SF; Layout includes 4 exam rooms, two private offices, consultation room, waiting area, and check‑in/check‑out window; Two private restrooms plus breakroom, nurses station, and multiple storage rooms
