Medical Office Suite with Exam
For Sale
$1,400,000
7002 Lebanon Road 103, Frisco, TX 75034
The remodeled layout combines patient areas, clinical rooms, staff space, and a lab in one medical office condo.
Property Size3,197 SF
Price / SF$437.91
Days on Market10
Property Features for 7002 Lebanon Road 103
General Information
Standard status
Active
Size
3,197 SF
Total Parking Spaces
5
Property subtype
Office
Additional Details
Condition
Turnkey
Highway Access
Yes
Office Units
1
Property Use
Office
Taxes and HOA fees
Annual Taxes
$21,692
Building Details
Building Size
3,197 SF
Year Built
2006
Year Renovated
2022
Construction
stone and brick
Listing Agency:
WILLIAM DAVIS REALTY
Listed By:
Thomas Gooch · License #0521519
(214) 705-1000
Source:
Livingwell
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 26 at 11:59AM
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
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Investment Insights
Based on property information with market context.
This 3,197-square-foot medical office condo was built in 2006 and remodeled in 2022, with new paint and flooring throughout. Its floor plan includes a double-entry waiting area, reception space, lab, two counseling rooms, seven exam rooms with sinks, an open work area, and two storage closets. A doctor’s office has a private ensuite restroom; additional features include separate employee and patient-client restrooms, a kitchen-breakroom, rear foyer and reception area, and an exterior riser room. Countertops are granite.
The property is at 7002 Lebanon Road in Frisco. Five parking spaces are assigned, with as many as 10 additional spaces available nearby. Major tollways and local amenities are described as being close to the property.
The property is at 7002 Lebanon Road in Frisco. Five parking spaces are assigned, with as many as 10 additional spaces available nearby. Major tollways and local amenities are described as being close to the property.
Key Highlights
- 3,197‑square‑foot medical office condo, remodeled in 2022
- Seven exam rooms, each with a sink
- Two counseling rooms, lab, open work area, and two storage closets
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.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- LazyPaw Animal Hospitals — 7380 Stonebrook Pkwy, Frisco, TX 75034
Frequently Asked Questions
What type of property is this?
Medical Office Space - The remodeled layout combines patient areas, clinical rooms, staff space, and a lab in one medical office condo.
Where is this medical office space located?
The property is located at 7002 Lebanon Road 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‑square‑foot medical office condo, remodeled in 2022; Seven exam rooms, each with a sink; Two counseling rooms, lab, open work area, and two storage closets
