Class A Medical Office
For Sale
Contact for pricing
6519 Horizon Rd, Heath, TX 75032
Modern medical office building in high-growth area, ideal for owner-user.
Property Size6,360 SF
Lot Size0.85 Acres
Price / SF$479.56
Days on Market159
Property Features for 6519 Horizon Rd
General Information
Standard status
Active
Size
6,360 SF
Class
A
Lot size
0.85 Acres
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2020
Listing Agency:
Summit RE
Listed By:
Jason Vitorino · License #TX 512565
(469) 844-8884
Source:
Crexi
Added: May 11
Changed: Oct 10
Last Checked: Oct 16 at 9:01AM
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 Summit RE
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Investment Insights
Based on property information with market context.
The property is a Class A medical office building constructed in 2020, featuring 6,360 square feet of gross leasable area situated on 0.85 acres. The building contains 13 dental chairs, offering capacity for a larger patient base. Located directly on Horizon Road, a high-growth thoroughfare, the property benefits from consistent foot traffic due to its proximity to Dorothy Smith Pullen Elementary and Maurine Cain Middle School. It is synergistically positioned within a dense medical corridor. The location experiences traffic of 16,503 vehicles per day. The average household income within a 1-mile radius is $177,125. The population within a 5-mile radius is 74,052, with an annual growth rate of 6.10% per year. There is a tenant-in-tow opportunity, with average rent in the nearby vicinity for specialized medical space at $34-$35 per square foot NNN. This property presents an opportunity for an owner-user to occupy immediately.
Key Highlights
- Class A medical office building built in 2020, offering immediate owner‑user occupancy.
- Below replacement cost at $491 per square foot.
- Features 13 dental chairs, providing capacity for a large patient base.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,384
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,127,680
$2.1M
Cap Rate 7%
$1,519,771
$1.5M
Cap Rate 9%
$1,182,044
$1.2M
Market Conditions
NOI Build-Up for 6,360 SF
Gross rent
$195.4K $30.72/SF
− Vacancy
−$53.5K −$8.42/SF
EGI
$141.8K $22.30/SF
− OpEx
−$35.5K −$5.58/SF
NOI
$106.4K $16.73/SF
Area
Rockwall County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,127,680
Cap Rate 7%
$1,519,771
Cap Rate 9%
$1,182,044
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,384 @ 7.0% cap · market cap 3.49%
Second Best
Healthcare Medical
$1.23M
$1.08M – $1.43M
NOI $86,066 @ 7.0% cap · market cap 2.82%
Theoretical Best
Hotel Hospitality
$4.79M
$4.19M – $5.59M
NOI $335,331 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75032, TX
34,590
Population
13,453
Households
2.6
Avg Household Size
40
Median Age
50%
College-Educated
95%
High-School Grad
48.1 sq mi
ZIP Area
719
Density / Sq Mi
$128,465
Median Household Income
$60,480
Median Earnings
$1,918
Median Rent
$462,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern medical office building in high-growth area, ideal for owner-user.
Where is this medical office space located?
The property is located at 6519 Horizon Rd Heath, TX.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: Class A medical office building built in 2020, offering immediate owner‑user occupancy.; Below replacement cost at $491 per square foot.; Features **13 dental chairs**, providing capacity for a large patient base.
