Remodeled Medical Office
For Sale
$1,400,000
7002 Lebanon Road, Frisco, TX 75034
CommercialSale, Frisco, TX
Property Size3,200 SF
Price / SF$437.50
Days on Market54
Property Features for 7002 Lebanon Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Assigned
Security features
Security
Accessibility
Accessible Approach with Ramp
Subdivision
Starwood Professional Village Office Condo
Lot features
Interior Lot, Landscaped, Subdivision, Waterfront, Zero Lot Line, Retaining Wall
View
Water
Directions
See Google maps - located at the Northwest intersection of Lebanon and DNT
Standard status
Active
APN
R935900210301
Taxes and HOA fees
Tax Description
STARWOOD PROFESSIONAL VILLAGE OFFICE CONDOMIN
Tax Annual Amount
21692
Legal Description
STARWOOD PROFESSIONAL VILLAGE OFFICE CONDOMIN
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front features
Canal Access, Waterfront
Water front
1
Building Details
Year built
2006
Floors in Building
1
Number of units
1
Flooring type
Tile, Laminate
Building materials
Brick, Rock, Stone
Roof type
Composition
Listing Agency:
WILLIAM DAVIS REALTY
(214) 705-1000
Listed By:
Thomas Gooch · License #0521519
(972) 732-6002
Added: Aug 21
Changed: Sep 13
Last Checked: Oct 13 at 6:06PM
MLS# 21365860
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 7002 Lebanon Road in Frisco, this medical office condo provides almost 3,200 square feet of finished space in a brick, rock, and stone exterior building. The interior was remodeled in 2022 with new paint and flooring, while granite counters and central heating and air conditioning serve the space.
The current layout includes a double front entry, reception areas, a lab, two restrooms, a private doctor’s office restroom, kitchen-breakroom, two counseling rooms, seven exam rooms, an open work area, two storage closets, and an exterior riser room. Each exam room includes a sink and wet area. Five assigned parking spaces are included, with up to 10 additional spaces available nearby. The property was built in 2006 and has public water and sewer service.
The current layout includes a double front entry, reception areas, a lab, two restrooms, a private doctor’s office restroom, kitchen-breakroom, two counseling rooms, seven exam rooms, an open work area, two storage closets, and an exterior riser room. Each exam room includes a sink and wet area. Five assigned parking spaces are included, with up to 10 additional spaces available nearby. The property was built in 2006 and has public water and sewer service.
Key Highlights
- Almost 3,200 square feet of finished medical office space
- Remodeled in 2022 with updated paint and flooring
- Seven exam rooms, two counseling rooms, lab, reception areas, and open work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,647
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,940
$1.3M
Cap Rate 7%
$937,814
$937.8K
Cap Rate 9%
$729,411
$729.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$100.6K $31.44/SF
− Vacancy
−$13.1K −$4.09/SF
EGI
$87.5K $27.35/SF
− OpEx
−$21.9K −$6.84/SF
NOI
$65.6K $20.51/SF
Area
Frisco, TX
Vacancy
13.00%
Lease Rate
$31.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,940
Cap Rate 7%
$937,814
Cap Rate 9%
$729,411
Alternative Uses
Best Use
Office B
$937.8K
$820.6K – $1.09M
NOI $65,647 @ 7.0% cap · market cap 4.69%
Second Best
Healthcare Medical
$592.5K
$518.4K – $691.2K
NOI $41,472 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,395 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75034, TX
47,734
Population
23,836
Households
2
Avg Household Size
36
Median Age
63%
College-Educated
97%
High-School Grad
15.9 sq mi
ZIP Area
3,002
Density / Sq Mi
$107,945
Median Household Income
$67,256
Median Earnings
$1,730
Median Rent
$679,500
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 - Updated clinical layout with exam rooms, wet areas, and assigned parking supports medical office operations.
Where is this medical office space located?
The property is located at 7002 Lebanon Road Frisco, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Almost 3,200 square feet of finished medical office space; Remodeled in 2022 with updated paint and flooring; Seven exam rooms, two counseling rooms, lab, reception areas, and open work area
