Built-Out Medical Office
For Sale
Contact for pricing
4425 Plano Pkwy #1504, Carrollton, TX 75010
First-floor condo offers reception, four private offices, a break area, restroom, upgraded finishes, and client parking.
Property Size1,228 SF
Price / SF$2.40
Days on Market53
Property Features for 4425 Plano Pkwy #1504
General Information
Standard status
Active
Size
1,228 SF
Property subtype
Office
Building Details
Year Built
2022
Listing Agency:
TAC Brokerage and Consultant
(469) 999-8746
Listed By:
Carole Tam · License #0637889
(626) 445-6660
Source:
Lonestarluxuryrealty
Added: Aug 28
Changed: Oct 11
Last Checked: Oct 16 at 9:23AM
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 TAC Brokerage and Consultant
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Investment Insights
Based on property information with market context.
This 1,228 SF first-floor office condo in Mustang Ridge Office Park was built in 2022 and is fully built out for professional use. The interior includes a reception area, four private offices, a kitchen break area, and a private restroom, along with upgraded flooring, crown molding, and window coverings. Furniture and appliances may convey with an acceptable offer.
The property is at 4425 Plano Pkwy #1504 in Carrollton, between Dallas North Tollway and I-35E, with access to SH 121 and surrounding business corridors. The office park is professionally landscaped and maintained by the community association, with parking for clients and employees. The existing configuration is suited to medical, wellness, beauty, therapy, financial, accounting, insurance, and other professional services.
The property is at 4425 Plano Pkwy #1504 in Carrollton, between Dallas North Tollway and I-35E, with access to SH 121 and surrounding business corridors. The office park is professionally landscaped and maintained by the community association, with parking for clients and employees. The existing configuration is suited to medical, wellness, beauty, therapy, financial, accounting, insurance, and other professional services.
Key Highlights
- 1,228 SF fully built‑out first‑floor office suite
- Built in 2022 with upgraded flooring, crown molding, and window coverings
- Reception area, four private offices, kitchen break area, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,211
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,220
$304.2K
Cap Rate 7%
$217,300
$217.3K
Cap Rate 9%
$169,011
$169.0K
Market Conditions
NOI Build-Up for 1,228 SF
Gross rent
$27.1K $22.08/SF
− Vacancy
−$6.8K −$5.56/SF
EGI
$20.3K $16.52/SF
− OpEx
−$5.1K −$4.13/SF
NOI
$15.2K $12.39/SF
Area
Carrollton, TX
Vacancy
25.20%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,220
Cap Rate 7%
$217,300
Cap Rate 9%
$169,011
Alternative Uses
Best Use
Healthcare Medical
$250.1K
$218.8K – $291.8K
NOI $17,506 @ 7.0% cap · market cap 593.42%
Second Best
Office B
$217.3K
$190.1K – $253.5K
NOI $15,211 @ 7.0% cap · market cap 515.63%
Theoretical Best
Specialty Retail
$302.1K
$264.4K – $352.5K
NOI $21,148 @ 7.0% cap · market cap 716.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75010, TX
33,186
Population
13,798
Households
2.4
Avg Household Size
36
Median Age
57%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
4,880
Density / Sq Mi
$105,386
Median Household Income
$61,995
Median Earnings
$1,797
Median Rent
$434,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - First-floor condo offers reception, four private offices, a break area, restroom, upgraded finishes, and client parking.
Where is this medical office space located?
The property is located at 4425 Plano Pkwy #1504 Carrollton, TX.
What are key features of this property?
This property features: 1,228 SF fully built‑out first‑floor office suite; Built in 2022 with upgraded flooring, crown molding, and window coverings; Reception area, four private offices, kitchen break area, and private restroom
