Medical Office Building For
523 W Wheatland Rd Duncanville, TX
For Sale
Contact for pricing
Medical office building featuring multiple exam rooms and office spaces.
Property Size3,675 SF
Lot Size0.46 Acres
Price / SF$176.87
Days on Market422
Property Features for 523 W Wheatland Rd
General Information
- Standard status
- Active
- Size
- 3,675 SF
- Lot size
- 0.46 Acres
- Property subtype
- OFFICE
Listing Agency:
Mote & Associates Commercial Real Estate
(972) 827-8902
Listed By:
Justin Clark
(972) 827-8902
Source:
Moodyscre
Added: May 30, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:52AM
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 Mote & Associates Commercial Real Estate
Investment Insights
Based on property information with market context.
This building, constructed in 1979, is situated on a lot of approximately 0.469 acres. The property encompasses 3,675 square feet and features two large waiting or reception areas equipped with nurse stations. It includes two doctor's offices, six exam rooms, and two multi-stall bathrooms. Additional amenities include a break room, a janitorial closet, and two small storage closets. This property is intended for use as a medical office.
Key Highlights
- Turnkey medical office space with 6 exam rooms, 2 doctor offices, and nurse stations.
- Features two large waiting/reception areas.
- Includes essential amenities: break room, janitorial closet, and storage.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.7k | $26.04 |
| − Vacancy | −$8.6k | −$2.34 |
| EGI | $87.1k | $23.70 |
| − OpEx | −$34.8k | −$9.48 |
| NOI | $52.3k | $14.22 |
3,675 SF · lease $26.04/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$746.4K
$653.1K – $870.9K
NOI $52,251 @ 7.0% cap · market cap 8.04%
Second Best
Office B
$744.2K
$651.2K – $868.2K
NOI $52,093 @ 7.0% cap · market cap 8.01%
Theoretical Best
Multifamily LT 5
$44.05M
$38.54M – $51.39M
NOI $3,083,566 @ 7.0% cap · market cap 474.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Ricardo F. ...
Pediatrician
Ricardo Franklin Urrutia
Pediatrician
FAQs
What type of property is this?
Medical Office Space - Medical office building featuring multiple exam rooms and office spaces.
Where is this medical office space located?
The property is located at 523 W Wheatland Rd Duncanville, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Turnkey medical office space with **6 exam rooms, 2 doctor offices, and nurse stations.**; Features **two large waiting/reception areas.**; Includes essential amenities: break room, janitorial closet, and storage.
