Class A Medical Office
6519 Horizon Rd Heath, TX 75032
6519 Horizon Rd, Heath, TX, 75032
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For Sale
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Modern medical office building in high-growth area, ideal for owner-user.
Property Size6,360 SF
Lot Size0.85 Acres
Price / SF$491.35
Days on Market68
Property Features for 6519 Horizon Rd
General Information
- Standard status
- Active
- Size
- 6,360 SF
- Lot size
- 0.85 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2020
Listing Agency
Summit Real Estate
(469) 844-8884
Listed by
Jason Vitorino · License #TX 512565
Source
Crexi
Added: May 11 Checked: Jul 16 at 10:57 am
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 Real Estate
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.
Local 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 | $195.4k | $30.72 |
| − Vacancy | −$49.4k | −$7.77 |
| EGI | $145.9k | $22.95 |
| − OpEx | −$36.5k | −$5.74 |
| NOI | $109.5k | $17.21 |
6,360 SF · lease $30.72/SF/yr · vacancy 25.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,461 @ 7.0% cap · market cap 3.50%
Second Best
Healthcare Medical
$902.8K
$789.9K – $1.05M
NOI $63,193 @ 7.0% cap · market cap 2.02%
Theoretical Best
Multifamily LT 5
$80.04M
$70.04M – $93.38M
NOI $5,603,042 @ 7.0% cap · market cap 179.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
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 $3,125,000.
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.
