Medical Office Building with Flexible
For Sale
$795,000
638 Londonderry Ln, Denton, TX 76205
Signalized-corner property near I-35 includes surface parking and a layout suited to healthcare or office occupancy.
Property Size3,380 SF
Price / SF$235.21
Days on Market175
Property Features for 638 Londonderry Ln
General Information
Standard status
Active
Size
3,380 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Frazier Group Property Management
Listed By:
Cole Frazier · License #0610825
(940) 566-7005
Source:
Minteerteam
Added: Apr 24
Changed: Oct 3
Last Checked: Oct 7 at 1:08PM
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 Frazier Group Property Management
Investment Insights
Based on property information with market context.
The 3,380± square-foot medical office building was constructed in 1976 and offers a practical arrangement for healthcare or general office use. Interior areas include a reception and waiting zone, multiple bathrooms, private offices, exam rooms, and an open bullpen or treatment area. Central air and electric service are identified in the property details.
Positioned at the signalized intersection of Londonderry Lane and Teasley Lane in Denton, the property is less than a quarter mile from I-35. Surface parking supports medical, office, and customer-oriented operations. Medical City Denton and Texas Health Resources are located within minutes, providing nearby healthcare-system context for medical and wellness-related users.
Positioned at the signalized intersection of Londonderry Lane and Teasley Lane in Denton, the property is less than a quarter mile from I-35. Surface parking supports medical, office, and customer-oriented operations. Medical City Denton and Texas Health Resources are located within minutes, providing nearby healthcare-system context for medical and wellness-related users.
Key Highlights
- 3,380± square feet of medical office space
- Signalized intersection at Londonderry Lane and Teasley Lane
- Less than a quarter mile from I‑35
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,045
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,900
$1.1M
Cap Rate 7%
$757,786
$757.8K
Cap Rate 9%
$589,389
$589.4K
Market Conditions
NOI Build-Up for 3,380 SF
Gross rent
$91.3K $27.00/SF
− Vacancy
−$20.5K −$6.08/SF
EGI
$70.7K $20.93/SF
− OpEx
−$17.7K −$5.23/SF
NOI
$53.0K $15.69/SF
Area
Denton, TX
Vacancy
22.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,060,900
Cap Rate 7%
$757,786
Cap Rate 9%
$589,389
Alternative Uses
Best Use
Office B
$757.8K
$663.1K – $884.1K
NOI $53,045 @ 7.0% cap · market cap 6.67%
Second Best
Healthcare Medical
$704.0K
$616.0K – $821.3K
NOI $49,280 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$1.06M
$924.0K – $1.23M
NOI $73,921 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Signalized-corner property near I-35 includes surface parking and a layout suited to healthcare or office occupancy.
Where is this medical office space located?
The property is located at 638 Londonderry Ln Denton, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,380± square feet of medical office space; Signalized intersection at Londonderry Lane and Teasley Lane; Less than a quarter mile from I‑35
