Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1150 Watters Rd Allen, TX 75013

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Medical Office Space Available

    Lot size:
    3,108 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 3,108 square foot medical office condominium is situated in Allen's thriving medical district, offering convenient access to Texas Health Resources (THR) Hospital. Built in 2009, the property boasts a desirable location at the southeast corner of Watters Road and Exchange Parkway, ensuring high visibility and accessibility. The building features a striking brick and masonry exterior with a tile roof, complemented by ample surface parking for patients and staff. Benefit from prominent monument and building signage opportunities to enhance your brand presence. The space is currently configured as a multi-tenant building, with one suite available. The existing tenant mix includes a diverse range of medical professionals, such as an eye doctor, pediatrician, dentist, and medical spa, creating a synergistic and established medical environment. This particular unit offers approximately 3,108 square feet, and there is no additional charge for the second floor space. This presents a unique opportunity to acquire a well-located, modern medical office condominium in a high-demand area with excellent visibility and a strong existing tenant base. The property's construction and design reflect a commitment to quality and functionality, making it an ideal setting for a variety of medical practices.

    Property Features for 1150 Watters Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,108 SF

    Unit(s) available at that property

    Space
    Suite 105
    Size
    3,108 SF
    Rate per SF
    $22

    HighLights

    • Medical office condo, approximately 3,108 square feet.
    • Located in Allen's medical district, near Texas Health Resources (THR) Hospital.
    • Ample surface parking available.
    • Built in 2009.
    • Monument and building signage included.
    • Situated on the southeast corner of Watters Road and Exchange Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sunrise Dental Dentist Linda Jacob, DDS Dentist Child & Adolescent Center ... Pediatrician Dr. Paul Saadi, ... Orthopedic Surgeon Dr. Tony Tao, ... Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allen
    County
    Collin
    State
    Texas
    Longitude
    -96.680532508591
    Latitude
    33.114466417684

    Nearby Similar for Lease

    • $3,000 /Mo
      49,702 SF

      New Office Space in Allen

      New 1381 SqFt office space in a desirable Allen location.
      1511 W Mcdermott Dr, Allen, TX 75013
      View Details
    • $6,000 /Mo
      219,586 SF

      Furnished Office Space in Allen

      Fully-furnished office space with amenities in Allen, Texas.
      450 Century Pkwy, Allen, TX 75013
      View Details
    • $6,500 /Mo
      219,586 SF

      Furnished Office Space in Allen, TX

      Fully-furnished office space with amenities in Allen, Texas.
      450 Century Pkwy, Allen, TX 75013
      View Details
    • $3,000 /Mo
      219,586 SF

      Furnished Office Space in Allen

      Fully-furnished office spaces with amenities in Allen, Texas.
      450 Century Pkwy, Allen, TX 75013
      View Details
    • New
      $3,373 /Mo
      52,838 SF

      Allen, TX Retail/Office Space

      Prime Allen location suitable for medical or professional office use.
      1228 E Exchange Pkwy, Allen, TX 75002
      View Details
    • $6,501 /Mo
      219,586 SF

      Furnished Office Space in Allen, TX

      Fully-furnished office spaces with amenities in Allen, Texas, available for rent.
      450 Century Pkwy, Allen, TX 75013
      View Details
    • $751 /Mo
      219,586 SF

      Furnished Office Space in Allen, TX

      Fully-furnished office spaces with amenities in Allen, Texas, available for rent.
      450 Century Pkwy, Allen, TX 75013
      View Details
    • $2,500 /Mo
      8,930 SF

      Downtown Allen Office Space Available

      Office space with workstations, private office, and reception area.
      201 W Main St, Allen, TX 75013
      View Details
    • $15,000 /Mo
      10,000 SF

      Proposed Retail Space in Allen

      Proposed retail and commercial space available for lease in Allen.
      0000 Mcgarity Ln, Allen, TX 75002
      View Details
    • $7,000 /Mo
      120,008 SF

      Allen Office Space For Lease

      Centrally located office space in Allen, Texas available for lease.
      315 S Jupiter Rd, Allen, TX 75002
      View Details
    • $2,000 /Mo
      120,008 SF

      Allen Office Space For Rent

      Centrally located office space in Allen, Texas available for lease.
      315 S Jupiter Rd, Allen, TX 75002
      View Details
    • $6,500 /Mo
      45,999 SF

      Retail Space in Allen, TX

      Prime retail space in high-traffic Allen shopping center.
      1259 N Alma Dr, Allen, TX 75013
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Space Available
    Where is this medical office located?
    The property is located at 1150 Watters Rd Allen, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Medical office condo, approximately 3,108 square feet.; Located in Allen's medical district, near Texas Health Resources (THR) Hospital.; Ample surface parking available.
    Request Owner's contact information
    1150 Watters Rd Allen, TX 75013
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1150 Watters Rd
    Allen, TX 75013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1150 Watters Rd Allen, TX 75013
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.