Five-Building Medical Office
831 East Eureka St, Weatherford, TX 76086
For Sale
$16,000,000
Six medical suites include an ambulatory surgery center with five operating rooms.
Property Size42,969 SF
Price / SF$372.36
Days on Market47
Property Features for 831 East Eureka St
General Information
Standard status
Size
Net Rentable
Property subtype
Occupancy
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Office Units
Amenities
Five-Building Medical Office Portfolio | 42,969 Rentable SF
Joint Commission Surgical Center Leased to a wholly owned subsidy of HCA Healthcare
Modern Medical Construction
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Marcus & Millichap | Dallas
Listed By:
Joseph Jaques · License #License(s): TX: 651497
(972) 755-5171
Source:
Marcusmillichap
Added: Sep 24
Changed: Oct 25
Last Checked: Nov 8 at 2:18AM
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 Marcus & Millichap | Dallas
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Investment Insights
Based on property information with market context.
This Weatherford medical office portfolio comprises five buildings and six suites totaling 42,969 rentable square feet. The properties are fully leased to healthcare providers under modified NNN agreements. The tenant mix includes an ambulatory surgery center with five operating rooms, along with pain management, orthopedic, and internal medicine practices. Tenants cover taxes, insurance, and operating expenses; landlord responsibilities are limited to the roof and structure. The weighted average lease term is 4.6 years.
The buildings are located at 831, 879, 891, 905, and 907A/907B East Eureka Street, directly adjacent to Medical City Weatherford Hospital. Construction dates range from 2005 to 2013: 905 and 907A/907B were built in 2005, 879 in 2008, 831 in 2011, and 891 in 2013.
The buildings are located at 831, 879, 891, 905, and 907A/907B East Eureka Street, directly adjacent to Medical City Weatherford Hospital. Construction dates range from 2005 to 2013: 905 and 907A/907B were built in 2005, 879 in 2008, 831 in 2011, and 891 in 2013.
Key Highlights
- Five buildings with 42,969 rentable square feet across six suites
- 100 percent leased under modified NNN agreements
- Ambulatory surgery center includes five operating rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$597,499
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,949,980
$11.9M
Cap Rate 7%
$8,535,700
$8.5M
Cap Rate 9%
$6,638,878
$6.6M
Market Conditions
NOI Build-Up for 42,969 SF
Gross rent
$1.12M $26.04/SF
− Vacancy
−$123.1K −$2.86/SF
EGI
$995.8K $23.18/SF
− OpEx
−$398.3K −$9.27/SF
NOI
$597.5K $13.91/SF
Area
Parker County, TX
Vacancy
11.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,949,980
Cap Rate 7%
$8,535,700
Cap Rate 9%
$6,638,878
Alternative Uses
Best Use
Healthcare Medical
$8.54M
$7.47M – $9.96M
NOI $597,499 @ 7.0% cap · market cap 3.73%
Second Best
Office B
$7.78M
$6.81M – $9.08M
NOI $544,929 @ 7.0% cap · market cap 3.41%
Theoretical Best
Industrial
$42.70M
$37.36M – $49.81M
NOI $2,988,764 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 76086, TX
21,429
Population
9,689
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
88%
High-School Grad
13.8 sq mi
ZIP Area
1,553
Density / Sq Mi
$61,415
Median Household Income
$38,347
Median Earnings
$1,389
Median Rent
$235,100
Median Home Value
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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 - Six medical suites include an ambulatory surgery center with five operating rooms.
Where is this medical office space located?
The property is located at 831 East Eureka St Weatherford, TX.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Five buildings with 42,969 rentable square feet across six suites; 100 percent leased under modified NNN agreements; Ambulatory surgery center includes five operating rooms
