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    Medical Office Building For Sale Title is generated by Realmo AI

    523 W Wheatland Rd, Duncanville, TX

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    Medical office building featuring multiple exam rooms and office spaces.

    Type:OFFICE
    Property size:
    3,675 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $190/SF
    Added:
    May 30, 2025
    Days on Market:
    376
    Last Refresh:
    May 20 at 8:33 pm

    Property Features for 523 W Wheatland Rd

    General Information

    Standard status
    Active
    Size
    3,675 SF
    Lot size
    0.46 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Justin Clark

    Listing agent Justin Clark

    Listing office Mote & Associates Commercial Real Estate

    Listing date May 30, 2025

    Source Moodyscre

    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

    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.
    • Two multi‑stall bathrooms.
    • Situated on a +/-0.469‑acre lot.
    • Existing building constructed in 1979.

    Overview

    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.

    Local 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 (±1% cap)
    NOI $52,251 @ 7.0% cap · market cap 7.46%
    Second Best
    Office B
    $744.2K
    $651.2K – $868.2K (±1% cap)
    NOI $52,093 @ 7.0% cap · market cap 7.44%
    Theoretical Best
    Multifamily LT 5
    $44.05M
    $38.54M – $51.39M (±1% cap)
    NOI $3,083,566 @ 7.0% cap · market cap 440.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Ricardo F. ... Pediatrician Ricardo Franklin Urrutia Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duncanville
    County
    Dallas
    State
    Texas
    Longitude
    -96.9185
    Latitude
    32.6468

    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 $700,000.
    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.
    (972) 827-8902 Call to check price and availability
    More about this property
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