Medical Office Space with Exam
For Sale
$1,400,000
7002 Lebanon Rd Unit 103, Frisco, TX 75034
Remodeled medical office condo with flexible reception areas, wet-area exam rooms, and assigned parking.
Property Size3,197 SF
Price / SF$437.91
Days on Market52
Property Features for 7002 Lebanon Rd Unit 103
General Information
Standard status
Active
Size
3,197 SF
Total Parking Spaces
5
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Year Built
2006
Year Renovated
2022
Construction
stone and brick
Listing Agency:
WILLIAM DAVIS REALTY
Listed By:
Thomas Gooch · License #0521519
(214) 642-6969
Source:
Thebryandavisgroup
Added: Aug 23
Changed: Oct 4
Last Checked: Oct 7 at 2:40PM
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 WILLIAM DAVIS REALTY
Investment Insights
Based on property information with market context.
This 3,197-square-foot medical office condo includes a double front entry, oversized reception area, rear foyer-reception, lab room, kitchen-breakroom, two counseling rooms, seven exam rooms, an open work area, two storage closets, and an exterior riser room. The unit also provides separate employee and patient-client restrooms, along with a doctor's office featuring a private ensuite restroom. Each exam room includes a sink, and counter surfaces are finished with designer granite.
Built in 2006 and remodeled in 2022, the space has updated paint and flooring throughout. The property is located at 7002 Lebanon Road Unit 103 in Frisco, with proximity to major tollways and local amenities. Five assigned parking spaces are included, with up to 10 additional spaces available nearby.
Built in 2006 and remodeled in 2022, the space has updated paint and flooring throughout. The property is located at 7002 Lebanon Road Unit 103 in Frisco, with proximity to major tollways and local amenities. Five assigned parking spaces are included, with up to 10 additional spaces available nearby.
Key Highlights
- 3,197 SF medical office condo at 7002 Lebanon Road Unit 103, Frisco
- Seven exam rooms, each with a wet area and sink
- Remodeled in 2022 with fresh paint and flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,585
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,700
$1.3M
Cap Rate 7%
$936,929
$936.9K
Cap Rate 9%
$728,722
$728.7K
Market Conditions
NOI Build-Up for 3,197 SF
Gross rent
$100.5K $31.44/SF
− Vacancy
−$13.1K −$4.09/SF
EGI
$87.4K $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%
$1,311,700
Cap Rate 7%
$936,929
Cap Rate 9%
$728,722
Alternative Uses
Best Use
Office B
$936.9K
$819.8K – $1.09M
NOI $65,585 @ 7.0% cap · market cap 4.68%
Second Best
Healthcare Medical
$591.9K
$517.9K – $690.6K
NOI $41,433 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,313 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
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 - Remodeled medical office condo with flexible reception areas, wet-area exam rooms, and assigned parking.
Where is this medical office space located?
The property is located at 7002 Lebanon Rd Unit 103 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: 3,197 SF medical office condo at 7002 Lebanon Road Unit 103, Frisco; Seven exam rooms, each with a wet area and sink; Remodeled in 2022 with fresh paint and flooring throughout
