Medical Office Building For
For Sale
Contact for pricing
523 W Wheatland Rd, Duncanville, TX
Medical office building featuring multiple exam rooms and office spaces.
Property Size3,675 SF
Lot Size0.46 Acres
Price / SF$176.87
Days on Market513
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) 296-2856
Listed By:
Justin Clark
(972) 827-8902
Source:
Moodyscre
Added: May 30, 2025
Changed: Oct 2
Last Checked: Oct 23 at 7:38AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$52,251
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,020
$1.0M
Cap Rate 7%
$746,443
$746.4K
Cap Rate 9%
$580,567
$580.6K
Market Conditions
NOI Build-Up for 3,675 SF
Gross rent
$95.7K $26.04/SF
− Vacancy
−$8.6K −$2.34/SF
EGI
$87.1K $23.70/SF
− OpEx
−$34.8K −$9.48/SF
NOI
$52.3K $14.22/SF
Area
Dallas County, TX
Vacancy
9.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,020
Cap Rate 7%
$746,443
Cap Rate 9%
$580,567
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,325
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
