Office Building with Monument
For Sale
Contact for pricing
643 S Great Southwest Pkwy, Grand Prairie, TX 75051
Built in 1986 and zoned HD (Hospital District), this office building offers a monument sign on site.
Property Size6,066 SF
Price / SF$164.85
Days on Market599
Property Features for 643 S Great Southwest Pkwy
General Information
Standard status
Active
Size
6,066 SF
Property subtype
OFFICE
Zoning
HD
Amenities
Monument sign
Building Details
Year Built
1986
Listing Agency:
Texas Retail Services
(214) 597-7153
Listed By:
Cameron Mai · License #619991
Source:
Moodyscre
Added: Dec 11, 2024
Changed: Jul 25
Last Checked: Aug 2 at 2:43PM
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 Texas Retail Services
Investment Insights
Based on property information with market context.
This office building was constructed in 1986 and is offered for sale. The property is zoned HD (Hospital District) and features a monument sign available.
The building is located approximately 1.7 miles from Asia Times Square.
Designed for office use, this asset is well suited for investors seeking an office building opportunity under the property’s existing zoning.
The building is located approximately 1.7 miles from Asia Times Square.
Designed for office use, this asset is well suited for investors seeking an office building opportunity under the property’s existing zoning.
Key Highlights
- Office building constructed in 1986
- Zoned HD (Hospital District)
- Approximately 1.7 miles from Asia Times Square
Financial Insights For Office B
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 | $131.0k | $21.60 |
| − Vacancy | −$28.8k | −$4.75 |
| EGI | $102.2k | $16.85 |
| − OpEx | −$25.5k | −$4.21 |
| NOI | $76.6k | $12.64 |
6,066 SF · lease $21.60/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.10M
$958.1K – $1.28M
NOI $76,650 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,379 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 75051, TX
40,243
Population
14,139
Households
2.8
Avg Household Size
32
Median Age
15%
College-Educated
68%
High-School Grad
12.6 sq mi
ZIP Area
3,194
Density / Sq Mi
$53,124
Median Household Income
$34,029
Median Earnings
$1,183
Median Rent
$196,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Built in 1986 and zoned HD (Hospital District), this office building offers a monument sign on site.
Where is this office building located?
The property is located at 643 S Great Southwest Pkwy Grand Prairie, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Office building constructed in 1986; Zoned HD (Hospital District); Approximately 1.7 miles from Asia Times Square
