Medical/Physical Therapy Office For
For Sale
$1,105,650
3930 Naaman School Rd Ste C, Garland, TX 75040
Second-generation medical office space with exam and X-ray rooms.
Property Size2,835 SF
Price / SF$390
Days on Market221
Property Features for 3930 Naaman School Rd Ste C
General Information
Standard status
Active
Size
2,835 SF
Property subtype
Office
Building Details
Year Built
2005
Listed By:
Nathan Denton, SIOR
(214) 228-0611
Source:
Lee-associates
Added: Mar 6
Changed: Jul 6
Last Checked: Oct 12 at 7:01PM
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 Nathan Denton, SIOR
Investment Insights
Based on property information with market context.
This property offers a second-generation medical or physical therapy space. The office space measures approximately 2,835 square feet and includes eight exam rooms, one X-ray room, and a breakroom. It also features two restrooms and one shower.
Key Highlights
- Second generation medical/physical therapy space
- Equipped with 8 exam rooms
- Includes an X‑ray room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,211
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,220
$764.2K
Cap Rate 7%
$545,871
$545.9K
Cap Rate 9%
$424,567
$424.6K
Market Conditions
NOI Build-Up for 2,835 SF
Gross rent
$70.8K $24.96/SF
− Vacancy
−$7.1K −$2.50/SF
EGI
$63.7K $22.46/SF
− OpEx
−$25.5K −$8.99/SF
NOI
$38.2K $13.48/SF
Area
Garland, TX
Vacancy
10.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,220
Cap Rate 7%
$545,871
Cap Rate 9%
$424,567
Alternative Uses
Best Use
Office B
$2.33M
$2.03M – $2.71M
NOI $162,797 @ 7.0% cap · market cap 14.72%
Second Best
Healthcare Medical
$545.9K
$477.6K – $636.9K
NOI $38,211 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,124 @ 7.0% cap · market cap 21.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75040, TX
64,035
Population
21,629
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
77%
High-School Grad
15.7 sq mi
ZIP Area
4,079
Density / Sq Mi
$73,537
Median Household Income
$39,019
Median Earnings
$1,670
Median Rent
$245,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-generation medical office space with exam and X-ray rooms.
Where is this medical office space located?
The property is located at 3930 Naaman School Rd Ste C Garland, TX.
What is the asking price?
The asking price for this property is $1,105,650.
What are key features of this property?
This property features: Second generation medical/physical therapy space; Equipped with **8 exam rooms**; Includes an **X‑ray room**
