Vacant Freestanding ER
For Sale
$2,975,000
4351 Long Prairie Rd, Flower Mound, TX 75028
Freestanding emergency center with exam rooms, an operating room, and in-place lab, imaging, and med gas systems.
Property Size11,024 SF
Price / SF$269.87
Days on Market69
Property Features for 4351 Long Prairie Rd
General Information
Standard status
Active
Size
11,024 SF
Property subtype
Vacant Freestanding ER
Building Details
Building Size
11,024 SF
Stories
1
Listing Agency:
Lincoln Property Company - Corporate
(214) 461-2383
Listed By:
Holt Martin
Source:
Lpc
Added: Jun 2
Changed: Aug 8
Last Checked: Jun 3 at 1:44AM
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 Lincoln Property Company - Corporate
Investment Insights
Based on property information with market context.
This vacant, freestanding ER facility is purpose-built for acute care operations. The interior includes 12 exam rooms along with an operating room, with additional clinical support spaces already set up. Existing infrastructure supports laboratory services, imaging operations, and medical gas delivery, providing a ready foundation for an emergency or urgent-care model.
Located at 4351 Long Prairie Rd in Flower Mound, Texas, the property is offered for sale. Its freestanding configuration supports dedicated patient flow and on-site clinical functionality, making it distinct from shared medical spaces where departments are distributed across multiple suites.
For buyers and operators, the operating-room build-out and the presence of lab, imaging, and med gas infrastructure can reduce build-cost uncertainty and shorten the path to functionality. The combination of multiple exam rooms and dedicated procedure capability is well suited for emergency services planning, hospital-affiliated outpatient emergency programs, or freestanding care models that need exam capacity with advanced support systems already in place.
Located at 4351 Long Prairie Rd in Flower Mound, Texas, the property is offered for sale. Its freestanding configuration supports dedicated patient flow and on-site clinical functionality, making it distinct from shared medical spaces where departments are distributed across multiple suites.
For buyers and operators, the operating-room build-out and the presence of lab, imaging, and med gas infrastructure can reduce build-cost uncertainty and shorten the path to functionality. The combination of multiple exam rooms and dedicated procedure capability is well suited for emergency services planning, hospital-affiliated outpatient emergency programs, or freestanding care models that need exam capacity with advanced support systems already in place.
Key Highlights
- Freestanding emergency center in Flower Mound
- Built‑out 12 exam rooms plus an operating room
- Lab, imaging, and med gas infrastructure already in place
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
$149,181
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
5.01%
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%
$2,983,620
$3.0M
Cap Rate 7%
$2,131,157
$2.1M
Cap Rate 9%
$1,657,567
$1.7M
Market Conditions
NOI Build-Up for 11,024 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
$277.8K $25.20/SF
− Vacancy
−$29.2K −$2.65/SF
EGI
$248.6K $22.55/SF
− OpEx
−$99.5K −$9.02/SF
NOI
$149.2K $13.53/SF
Area
Denton County, TX
Vacancy
10.50%
Lease Rate
$25.20 /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%
$2,983,620
Cap Rate 7%
$2,131,157
Cap Rate 9%
$1,657,567
Alternative Uses
Best Use
Healthcare Medical
$2.13M
$1.86M – $2.49M
NOI $149,181 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$154.16M
$134.89M – $179.86M
NOI $10,791,501 @ 7.0% cap · market cap 362.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 75028, TX
46,830
Population
18,189
Households
2.6
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
15.6 sq mi
ZIP Area
3,002
Density / Sq Mi
$147,040
Median Household Income
$72,270
Median Earnings
$2,233
Median Rent
$458,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hospital - Freestanding emergency center with exam rooms, an operating room, and in-place lab, imaging, and med gas systems.
Where is this hospital located?
The property is located at 4351 Long Prairie Rd Flower Mound, TX.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: Freestanding emergency center in Flower Mound; Built‑out 12 exam rooms plus an operating room; Lab, imaging, and med gas infrastructure already in place
