Medical Office Near Hunt
4004 Medical Parkway, Greenville, TX 75401
Two-story medical office near Hunt Regional Medical Center in Greenville, TX.
Type:HC, OFC
Property size:
7,600 SFLot size:
1.00 AcrePrice / SF:
$276/SF- Added:
- Oct 4, 2023
- Days on Market:
- 963
- Last Refresh:
- Apr 3 at 5:04 am
Property Features for 4004 Medical Parkway
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Lot size
- 1.00 Acre
- Property subtype
- HC, OFC
Listing agent Russell Ratterree (214) 448-0247
Listing office KW Commercial | Rockwall | Russell Ratterree (214) 448-0247
Listing date Oct 4, 2023
Source Realnex
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 KW Commercial | Rockwall | Russell Ratterree
HighLights
- Strategically located near Hunt Regional Medical Center
- Over 7,600 square feet of space with 30 rooms including examination rooms, labs, and radiology facilities
- Suitable for sale or leaseback
- Large waiting room with high ceilings and spacious reception area
- Executive physician's office includes a full bathroom with a shower
- Lot size exceeds an acre, providing ample parking including handicap accessibility and private physician entrances
Overview
This two-story medical office, located in Greenville, TX, presents an opportunity for sale or leaseback. Situated near Hunt Regional Medical Center, the property contains over 7,600 square feet of space. The layout includes 30 rooms, featuring examination rooms, labs, radiology facilities, executive offices, conference rooms, workspaces, nurses' stations, a full kitchen, and five bathrooms. The executive physician's office is equipped with a full bathroom including a shower. A large waiting room with high ceilings complements the spacious reception area, which can accommodate a substantial staff. The property is situated on a lot exceeding one acre, providing ample parking, handicap accessibility, and private physician entrances at the rear.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$1.17M
NOI $105,681 @ 9.00% cap · cautious / downside scenario
Moderate
$1.51M
NOI $105,681 @ 7.00% cap · market / base-case scenario
Aggressive
$2.11M
NOI $105,681 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.9k | $26.04 |
| − Vacancy | −$21.8k | −$2.86 |
| EGI | $176.1k | $23.18 |
| − OpEx | −$70.5k | −$9.27 |
| NOI | $105.7k | $13.91 |
7,600 SF · lease $26.04/SF/yr · vacancy 11.00% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,681 @ 7.0% cap · market cap 5.03%
Second Best
Office B
$1.38M
$1.20M – $1.61M
NOI $96,382 @ 7.0% cap · market cap 4.59%
Theoretical Best
Industrial
$7.55M
$6.61M – $8.81M
NOI $528,628 @ 7.0% cap · market cap 25.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Elite Primary Care, ...
Physician
Dr. Howard E. ...
Pediatrician
Nisha Shah
Physician
Dr. Kamran Hussain
Physician
Nisha Nayan Shah
Physician
Similar Places Nearby
- Animal Medical Center — 4307 Ridgecrest Rd, Greenville, TX 75402
Location Insight
- Map
- Local Demand
- City
- Greenville
- County
- Hunt
- State
- Texas
- Longitude
- -96.1242146
- Latitude
- 33.1268281
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Two-story medical office near Hunt Regional Medical Center in Greenville, TX.
Where is this medical office space located?
The property is located at 4004 Medical Parkway Greenville, TX.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Strategically located near Hunt Regional Medical Center; Over 7,600 square feet of space with **30 rooms including examination rooms, labs, and radiology facilities**; Suitable for sale or leaseback
