Dialysis Clinic Medical
4810 West Illinois Avenue, Dallas, TX 75211
For Sale
Contact for pricing
A single-story healthcare facility is occupied by Fresenius Medical Care under a long-term lease.
Property Size10,548 SF
Price / SF$467.20
Days on Market29
Property Features for 4810 West Illinois Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Property Use
Medical Specialty
Building Details
Year Built
Year Renovated
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Colliers - Tulsa, Oklahoma
Listed By:
Colin Cornell · License #OK 171700
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 3:59PM
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 Colliers - Tulsa, Oklahoma
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Investment Insights
Based on property information with market context.
This 10,548-square-foot medical center operates as a dialysis clinic and is occupied by Fresenius Medical Care. The single-story building was constructed in 2008 and expanded and renovated in 2021.
The property is at 4810 West Illinois Avenue in Dallas, Texas. A long-term lease was signed in connection with the 2021 work.
The property is at 4810 West Illinois Avenue in Dallas, Texas. A long-term lease was signed in connection with the 2021 work.
Key Highlights
- 10,548‑square‑foot medical center occupied by Fresenius Medical Care
- Configured as a single‑story dialysis clinic
- Expanded and renovated in 2021; originally built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,790
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,075,800
$3.1M
Cap Rate 7%
$2,197,000
$2.2M
Cap Rate 9%
$1,708,778
$1.7M
Market Conditions
NOI Build-Up for 10,548 SF
Gross rent
$284.8K $27.00/SF
− Vacancy
−$28.5K −$2.70/SF
EGI
$256.3K $24.30/SF
− OpEx
−$102.5K −$9.72/SF
NOI
$153.8K $14.58/SF
Area
ZIP 75211
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,075,800
Cap Rate 7%
$2,197,000
Cap Rate 9%
$1,708,778
Alternative Uses
Best Use
Healthcare Medical
$2.20M
$1.92M – $2.56M
NOI $153,790 @ 7.0% cap · market cap 3.12%
Second Best
Office B
$2.16M
$1.89M – $2.52M
NOI $151,249 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,700 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
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Business Placement
Demographics for 75211, TX
70,695
Population
24,103
Households
2.9
Avg Household Size
32
Median Age
14%
College-Educated
61%
High-School Grad
17.2 sq mi
ZIP Area
4,110
Density / Sq Mi
$56,377
Median Household Income
$33,845
Median Earnings
$1,251
Median Rent
$198,500
Median Home Value
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Market
Vacancy Rate% for Office in Dallas, TX
Frequently Asked Questions
What type of property is this?
Medical center - A single-story healthcare facility is occupied by Fresenius Medical Care under a long-term lease.
Where is this medical center located?
The property is located at 4810 West Illinois Avenue Dallas, TX.
What is the asking price?
The asking price for this property is $4,928,000.
What are key features of this property?
This property features: 10,548‑square‑foot medical center occupied by Fresenius Medical Care; Configured as a single‑story dialysis clinic; Expanded and renovated in 2021; originally built in 2008
