Built-Out Surgery Center with Medical
For Sale
Contact for pricing
7989 WEST VIRGINIA DR, Dallas, TX 75237
Fully built-out first-floor surgery center plus flexible second-floor medical office space with backup generator and generous parking.
Property Size17,000 SF
Price / SF$294.12
Days on Market55
Property Features for 7989 WEST VIRGINIA DR
General Information
Standard status
Active
Size
17,000 SF
Property subtype
OFFICE
Amenities
Backup Generator
Listing Agency:
Hudson Peters Commercial
(972) 980-1188
Listed By:
Michelle Hudson · License #629153
(214) 534-0226
Source:
Moodyscre
Added: Jul 22
Changed: Sep 12
Last Checked: Sep 13 at 7:41AM
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 Hudson Peters Commercial
Investment Insights
Based on property information with market context.
This medical centers property provides a practical, ready-for-use layout for healthcare operations. The first floor is fully built out as a surgery center, with the second floor offering flexible medical office space to accommodate evolving practice needs.
Additional operational support is included with a backup generator. The property also offers generous parking for patients, staff, and visitors, and it is immediately adjacent to Methodist - Charlton.
The building totals 17,000 square feet, supporting both the surgical and office components within the same facility.
Additional operational support is included with a backup generator. The property also offers generous parking for patients, staff, and visitors, and it is immediately adjacent to Methodist - Charlton.
The building totals 17,000 square feet, supporting both the surgical and office components within the same facility.
Key Highlights
- Fully built‑out first‑floor surgery center
- Second‑floor flexible medical office space
- Backup generator for continuity of operations
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
$220,320
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
4.41%
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%
$4,406,400
$4.4M
Cap Rate 7%
$3,147,429
$3.1M
Cap Rate 9%
$2,448,000
$2.4M
Market Conditions
NOI Build-Up for 17,000 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
$408.0K $24.00/SF
− Vacancy
−$40.8K −$2.40/SF
EGI
$367.2K $21.60/SF
− OpEx
−$146.9K −$8.64/SF
NOI
$220.3K $12.96/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$4,406,400
Cap Rate 7%
$3,147,429
Cap Rate 9%
$2,448,000
Alternative Uses
Best Use
Office B
$13.96M
$12.22M – $16.29M
NOI $977,352 @ 7.0% cap · market cap 19.55%
Second Best
Healthcare Medical
$3.15M
$2.75M – $3.67M
NOI $220,320 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$20.40M
$17.85M – $23.80M
NOI $1,427,902 @ 7.0% cap · market cap 28.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
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Business Placement
Demographics for 75237, TX
19,057
Population
8,790
Households
2.2
Avg Household Size
30
Median Age
17%
College-Educated
79%
High-School Grad
6.7 sq mi
ZIP Area
2,844
Density / Sq Mi
$43,149
Median Household Income
$34,800
Median Earnings
$1,193
Median Rent
$231,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Dallas, TX
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Frequently Asked Questions
What type of property is this?
Medical center - Fully built-out first-floor surgery center plus flexible second-floor medical office space with backup generator and generous parking.
Where is this medical center located?
The property is located at 7989 WEST VIRGINIA DR Dallas, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Fully built‑out first‑floor surgery center; Second‑floor flexible medical office space; Backup generator for continuity of operations
