Divisible Medical Office
For Sale
Contact for pricing
458 Mid Cities Blvd, Hurst, TX 76054
Medical office building offers a robust waiting area and an easily divisible layout for owner-occupancy or flexible use.
Property Size7,628 SF
Lot Size0.47 Acres
Price / SF$216.31
Days on Market450
Property Features for 458 Mid Cities Blvd
General Information
Standard status
Active
Size
7,628 SF
Total Parking Spaces
24
Lot size
0.47 Acres
Property subtype
OFFICE
Amenities
waiting area
operatories
offices
bathrooms
nurse station
washer-dryer connections
front office
Listing Agency:
Team & Vasseur Commercial Real Estate
(817) 335-7575
Listed By:
Clifton Ellis
(817) 737-5000
Source:
Moodyscre
Added: Jun 16, 2025
Changed: Sep 6
Last Checked: Sep 8 at 4:49AM
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 Team & Vasseur Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office building includes a spacious, robust waiting area and an opulent finish-out. The interior is laid out for flexibility, with the space described as easily divisible for a flexible owner/user configuration. Improvements include 15+ operatories, four offices, four bathrooms, and a nurse station, along with washer-dryer connections.
The property includes 24 parking spaces and is positioned for visibility within flourishing neighborhoods.
At approximately 7,628 square feet, the building provides a dedicated front office and a distribution of clinical and administrative spaces suited to an owner-occupant model.
The property includes 24 parking spaces and is positioned for visibility within flourishing neighborhoods.
At approximately 7,628 square feet, the building provides a dedicated front office and a distribution of clinical and administrative spaces suited to an owner-occupant model.
Key Highlights
- Medical office building with 7,628 SF (+/-) on a 20,511 SF (+/-) land parcel
- Easily divisible floor plan for flexible owner/user use (see yellow outline on floor plan)
- Robust waiting area with an opulent finish‑out
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
$131,812
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
7.99%
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%
$2,636,240
$2.6M
Cap Rate 7%
$1,883,029
$1.9M
Cap Rate 9%
$1,464,578
$1.5M
Market Conditions
NOI Build-Up for 7,628 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
$234.3K $30.72/SF
− Vacancy
−$58.6K −$7.68/SF
EGI
$175.7K $23.04/SF
− OpEx
−$43.9K −$5.76/SF
NOI
$131.8K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
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%
$2,636,240
Cap Rate 7%
$1,883,029
Cap Rate 9%
$1,464,578
Alternative Uses
Best Use
Office B
$1.88M
$1.65M – $2.20M
NOI $131,812 @ 7.0% cap · market cap 7.99%
Second Best
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,713 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,832 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76054, TX
12,120
Population
4,702
Households
2.6
Avg Household Size
47
Median Age
48%
College-Educated
95%
High-School Grad
3.8 sq mi
ZIP Area
3,189
Density / Sq Mi
$108,907
Median Household Income
$55,617
Median Earnings
$1,464
Median Rent
$356,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Boland Vet Sales — 729 Grapevine Hwy, Hurst, TX 76054
- Moses Animal Clinic — 688 Grapevine Hwy, Hurst, TX 76054
- Thrive Pet Healthcare - Hurst — 520 Grapevine Hwy Suite 400 400, Hurst, TX 76054
- Mayfair Village Animal Hospital — 470 Mid Cities Blvd, Hurst, TX 76054
- Towne Center Animal Hospital and Pet Hotel — 4401 Colleyville Blvd, Colleyville, TX 76034
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building offers a robust waiting area and an easily divisible layout for owner-occupancy or flexible use.
Where is this medical office space located?
The property is located at 458 Mid Cities Blvd Hurst, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Medical office building with 7,628 SF (+/-) on a 20,511 SF (+/-) land parcel; Easily divisible floor plan for flexible owner/user use (see yellow outline on floor plan); Robust waiting area with an opulent finish‑out
