Multi-Suite Medical Office
3641 Broadway Boulevard #100-500 Garland, TX 75043
3641 Broadway Boulevard #100-500, Garland, TX, 75043
$2,500,000
For Sale
$2,500,000
Multi-suite medical building with an established healthcare tenant mix and flexible suite configuration.
Property Size9,505 SF
Price / SF$263.02
Days on Market48
Property Features for 3641 Broadway Boulevard #100-500
General Information
- Standard status
- Active
- Size
- 9,505 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing agency
Piper Creek Realty LLC
(469) 651-4797
Listed by
Corey Booth
Source
Signaturere
Added: Jun 4 Updated: Jul 10 at 1:48PM Checked: Jul 21 at 4:33AM
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 Piper Creek Realty LLC
Investment Insights
Based on property information with market context.
This for-sale medical office building offers a multi-suite layout totaling 9,500+ SF, configured into five suites. Current occupancy includes a chiropractor, a pharmacy, a physician, and an owner’s office, creating a healthcare-focused tenant mix. The property is positioned for owner-users and investors seeking an operational medical office environment with suites that can accommodate a range of professional healthcare uses.
Located in Garland at 3641 Broadway Boulevard, the building benefits from its off-Broadway placement and established local presence. The property has existing lease terms with 2, 3, and 5 years remaining, which is intended to provide income stability while still offering flexibility for the next ownership or operating plan.
From a tenant perspective, the suite configuration supports medical, dental, wellness, therapy, chiropractic, pharmacy, or professional office use, based on the existing healthcare-oriented tenant profile. Buyers considering a take-control strategy can evaluate the current tenant mix and lease expirations alongside the building’s five-suite setup when planning near-term occupancy, repositioning, or continued specialty medical operations.
Located in Garland at 3641 Broadway Boulevard, the building benefits from its off-Broadway placement and established local presence. The property has existing lease terms with 2, 3, and 5 years remaining, which is intended to provide income stability while still offering flexibility for the next ownership or operating plan.
From a tenant perspective, the suite configuration supports medical, dental, wellness, therapy, chiropractic, pharmacy, or professional office use, based on the existing healthcare-oriented tenant profile. Buyers considering a take-control strategy can evaluate the current tenant mix and lease expirations alongside the building’s five-suite setup when planning near-term occupancy, repositioning, or continued specialty medical operations.
Key Highlights
- 9,500+ SF, 2007‑built multi‑suite medical office building in Garland, off Broadway Boulevard
- Five suites with an established tenant mix: chiropractor, pharmacy, physician, and owner's office
- Existing lease terms with 2, 3, and 5 years remaining for income stability
Local Financial Insights For Healthcare Medical
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 | $237.2k | $24.96 |
| − Vacancy | −$23.7k | −$2.50 |
| EGI | $213.5k | $22.46 |
| − OpEx | −$85.4k | −$8.99 |
| NOI | $128.1k | $13.48 |
9,505 SF · lease $24.96/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Office B
$7.80M
$6.82M – $9.10M
NOI $545,815 @ 7.0% cap · market cap 21.83%
Second Best
Healthcare Medical
$1.83M
$1.60M – $2.14M
NOI $128,112 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$11.41M
$9.98M – $13.31M
NOI $798,365 @ 7.0% cap · market cap 31.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Garland Independent Pharmacy
Pharmacy
Care Express Medical ...
Medical Clinic
M Kathryn Hood ...
Pediatrician
Pharmacy
Pharmacy
Kabiru Akere
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Club Hill Animal Clinic — 3339 Broadway Blvd, Garland, TX 75043
FAQs
What type of property is this?
Medical Office Space - Multi-suite medical building with an established healthcare tenant mix and flexible suite configuration.
Where is this medical office space located?
The property is located at 3641 Broadway Boulevard #100-500 Garland, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 9,500+ SF, 2007‑built multi‑suite medical office building in Garland, off Broadway Boulevard; Five suites with an established tenant mix: chiropractor, pharmacy, physician, and owner's office; Existing lease terms with 2, 3, and 5 years remaining for income stability
