Multi-Story Medical Office
For Sale
Contact for pricing
800 Orthopedic Way, Arlington, TX 76015
Vacant healthcare facility with existing clinical improvements and a divisible first floor for flexible occupancy planning.
Property Size37,100 SF
Price / SF$350
Days on Market8
Property Features for 800 Orthopedic Way
General Information
Standard status
Active
Size
37,100 SF
Class
B
Total Parking Spaces
253
Property subtype
Office
Zoning
CS (Community Services)
Investment Type
Owner/User
Building Details
Year Built
2003
Year Renovated
2026
Buildings
1
Stories
2
Units
1
Building Size
37,100 SF
Owner Occupied
No
Listing Agency:
Colliers - Tulsa, Oklahoma
Listed By:
Colin Cornell · License #OK 171700
Source:
Crexi
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 31 at 8:22AM
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 Colliers - Tulsa, Oklahoma
Investment Insights
Based on property information with market context.
This vacant medical office property contains 37,100 SF across two floors, with 25,100 SF on the first level and 12,000 SF upstairs. Built in 2003, the facility includes approximately 18 exam rooms, nurse stations, reception and waiting areas, private offices, restrooms, and supporting clinical space. The first floor can be divided, allowing the building to accommodate a single user or multiple medical occupants.
The property is located at 800 Orthopedic Way in Arlington, within an established medical corridor between Dallas and Fort Worth. Medical City Arlington, a 496-bed acute care hospital, is one mile south of the building. Baylor Orthopedic & Spine Hospital is 1.9 miles away, and Texas Health Arlington Memorial Hospital is 3.1 miles away. The site is zoned CS (Community Services).
The property is located at 800 Orthopedic Way in Arlington, within an established medical corridor between Dallas and Fort Worth. Medical City Arlington, a 496-bed acute care hospital, is one mile south of the building. Baylor Orthopedic & Spine Hospital is 1.9 miles away, and Texas Health Arlington Memorial Hospital is 3.1 miles away. The site is zoned CS (Community Services).
Key Highlights
- 37,100 SF medical office building completed in 2003
- Two‑floor configuration includes 25,100 SF on the first floor and 12,000 SF on the second
- Approximately 18 exam rooms with multiple nurse stations
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
$574,308
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
4.42%
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%
$11,486,160
$11.5M
Cap Rate 7%
$8,204,400
$8.2M
Cap Rate 9%
$6,381,200
$6.4M
Market Conditions
NOI Build-Up for 37,100 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
$890.4K $24.00/SF
− Vacancy
−$124.7K −$3.36/SF
EGI
$765.7K $20.64/SF
− OpEx
−$191.4K −$5.16/SF
NOI
$574.3K $15.48/SF
Area
Arlington, TX
Vacancy
14.00%
Lease Rate
$24.00 /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%
$11,486,160
Cap Rate 7%
$8,204,400
Cap Rate 9%
$6,381,200
Alternative Uses
Best Use
Office B
$8.20M
$7.18M – $9.57M
NOI $574,308 @ 7.0% cap · market cap 4.42%
Second Best
Healthcare Medical
$6.87M
$6.01M – $8.01M
NOI $480,816 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$10.94M
$9.57M – $12.76M
NOI $765,744 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,661
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76015, TX
17,185
Population
7,027
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
90%
High-School Grad
4.3 sq mi
ZIP Area
3,997
Density / Sq Mi
$70,912
Median Household Income
$37,835
Median Earnings
$1,608
Median Rent
$236,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant healthcare facility with existing clinical improvements and a divisible first floor for flexible occupancy planning.
Where is this medical office space located?
The property is located at 800 Orthopedic Way Arlington, TX.
What is the asking price?
The asking price for this property is $12,985,000.
What are key features of this property?
This property features: 37,100 SF medical office building completed in 2003; Two‑floor configuration includes 25,100 SF on the first floor and 12,000 SF on the second; Approximately 18 exam rooms with multiple nurse stations
