Class A Medical Office
For Sale
$4,370,000
731 Zena Rucker Road # A Southlake, Southlake, TX 76092
Two-building Class A medical development with suites ranging from 2,900 to 11,400 sf, delivering Spring 2025.
Property Size11,500 SF
Price / SF$383.33
Days on Market48
Property Features for 731 Zena Rucker Road # A Southlake
General Information
Standard status
Active
Size
11,500 SF
Class
A
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$23,692
Building Details
Building Size
11,500 SF
Year Built
2025
Stories
1
Listing Agency:
Opt
(800) 683-5651
Listed By:
Hilda Johnson
(800) 683-5651
Source:
Jparhouston
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 31 at 12:36PM
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 Opt
Investment Insights
Based on property information with market context.
This Class A medical office development features two buildings offering size availability from 2,900 to 11,400 square feet. The property is scheduled for delivery in Spring 2025, providing new medical office space designed to support professional practices.
The development is located in Southlake, Texas, directly next to Rockenbaugh Elementary School. It is also within walking distance of Park Village, Shops of Southlake, and Southlake Town Square.
With two separate buildings and multiple suite sizes, the property can accommodate a range of medical office footprints within the stated availability range.
The development is located in Southlake, Texas, directly next to Rockenbaugh Elementary School. It is also within walking distance of Park Village, Shops of Southlake, and Southlake Town Square.
With two separate buildings and multiple suite sizes, the property can accommodate a range of medical office footprints within the stated availability range.
Key Highlights
- Two‑building Class A medical development with suite sizes from 2,900 to 11,400 SF
- Delivering Spring 2025 (Year Built: 2025)
- Located directly next to Rockenbaugh Elementary School
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
$196,992
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
4.51%
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%
$3,939,840
$3.9M
Cap Rate 7%
$2,814,171
$2.8M
Cap Rate 9%
$2,188,800
$2.2M
Market Conditions
NOI Build-Up for 11,400 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
$350.2K $30.72/SF
− Vacancy
−$87.6K −$7.68/SF
EGI
$262.7K $23.04/SF
− OpEx
−$65.7K −$5.76/SF
NOI
$197.0K $17.28/SF
Area
Tarrant County, TX
Vacancy
25.00%
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%
$3,939,840
Cap Rate 7%
$2,814,171
Cap Rate 9%
$2,188,800
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,992 @ 7.0% cap · market cap 4.51%
Second Best
Healthcare Medical
$2.79M
$2.44M – $3.26M
NOI $195,350 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,714 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76092, TX
31,924
Population
9,886
Households
3.2
Avg Household Size
42
Median Age
75%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
1,406
Density / Sq Mi
$250,001
Median Household Income
$123,882
Median Earnings
$3,501
Median Rent
$956,200
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-building Class A medical development with suites ranging from 2,900 to 11,400 sf, delivering Spring 2025.
Where is this medical office space located?
The property is located at 731 Zena Rucker Road # A Southlake Southlake, TX.
What is the asking price?
The asking price for this property is $4,370,000.
What are key features of this property?
This property features: Two‑building Class A medical development with suite sizes from 2,900 to 11,400 SF; Delivering Spring 2025 (Year Built: 2025); Located directly next to Rockenbaugh Elementary School
