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 Market113
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 Real Estate
(469) 844-8884
Listed By:
Jason Vitorino · License #TX 512565
Source:
Crexi
Added: May 11
Changed: Aug 25
Last Checked: Aug 30 at 5:12PM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,461
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,189,220
$2.2M
Cap Rate 7%
$1,563,729
$1.6M
Cap Rate 9%
$1,216,233
$1.2M
Market Conditions
NOI Build-Up for 6,360 SF
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.
Gross rent
$195.4K $30.72/SF
− Vacancy
−$49.4K −$7.77/SF
EGI
$145.9K $22.95/SF
− OpEx
−$36.5K −$5.74/SF
NOI
$109.5K $17.21/SF
Area
Kaufman County, TX
Vacancy
25.30%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,189,220
Cap Rate 7%
$1,563,729
Cap Rate 9%
$1,216,233
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,461 @ 7.0% cap · market cap 3.59%
Second Best
Healthcare Medical
$902.8K
$789.9K – $1.05M
NOI $63,193 @ 7.0% cap · market cap 2.07%
Theoretical Best
Multifamily LT 5
$80.04M
$70.04M – $93.38M
NOI $5,603,042 @ 7.0% cap · market cap 183.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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?
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.
