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 Market99
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
Listed By:
Hilda Johnson
(800) 683-5651
Source:
Jparhouston
Added: Jul 15
Changed: Oct 3
Last Checked: Oct 7 at 9:43AM
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 Hilda Johnson
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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 / Yr
$196,992
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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 - 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
