Medical Office with Exam
For Sale
$460,000
901 Medical Centre Drive, Arlington, TX 76012
Configured healthcare suite with patient reception, clinical rooms, multiple entrances, and access to nearby hospitals.
Property Size2,148 SF
Price / SF$214.15
Days on Market26
Property Features for 901 Medical Centre Drive
General Information
Standard status
Active
Size
2,148 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,453
Amenities
3
Sidewalks.
Building Details
Year Built
1984
Listing Agency:
Keller Williams Lonestar DFW
(817) 795-2500
Listed By:
Paul Siemer
Source:
Xome
Added: Aug 3
Changed: Aug 28
Last Checked: Aug 28 at 6:59AM
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 Keller Williams Lonestar DFW
Investment Insights
Based on property information with market context.
This 2,148-square-foot medical office, built in 1984, is configured for clinical and administrative functions. The layout includes a substantial waiting area, reception, five exam rooms, an X-ray room, physician office, three bathrooms, a break room, and kitchen. Three separate entrances provide distinct access for patients or clients, employees, and the physician’s office. The property is zoned PD.
The office is in North Arlington near Texas Health Arlington Memorial Hospital and Kindred Hospital Arlington. Access is available from Cooper Street and Randol Mill Road, with the property situated south of I-30. Its combination of patient-facing space, dedicated clinical areas, and separate entry points supports a medical office configuration.
The office is in North Arlington near Texas Health Arlington Memorial Hospital and Kindred Hospital Arlington. Access is available from Cooper Street and Randol Mill Road, with the property situated south of I-30. Its combination of patient-facing space, dedicated clinical areas, and separate entry points supports a medical office configuration.
Key Highlights
- 2,148‑square‑foot medical office on a 1984‑built property
- Five exam rooms plus an X‑ray room and physician office
- Large waiting area and reception space
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
$33,251
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
7.23%
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%
$665,020
$665.0K
Cap Rate 7%
$475,014
$475.0K
Cap Rate 9%
$369,456
$369.5K
Market Conditions
NOI Build-Up for 2,148 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
$51.6K $24.00/SF
− Vacancy
−$7.2K −$3.36/SF
EGI
$44.3K $20.64/SF
− OpEx
−$11.1K −$5.16/SF
NOI
$33.3K $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%
$665,020
Cap Rate 7%
$475,014
Cap Rate 9%
$369,456
Alternative Uses
Best Use
Office B
$475.0K
$415.6K – $554.2K
NOI $33,251 @ 7.0% cap · market cap 7.23%
Second Best
Healthcare Medical
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$633.4K
$554.2K – $738.9K
NOI $44,335 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,531
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76012, TX
27,080
Population
11,538
Households
2.3
Avg Household Size
40
Median Age
43%
College-Educated
90%
High-School Grad
8.2 sq mi
ZIP Area
3,302
Density / Sq Mi
$84,468
Median Household Income
$44,933
Median Earnings
$1,307
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured healthcare suite with patient reception, clinical rooms, multiple entrances, and access to nearby hospitals.
Where is this medical office space located?
The property is located at 901 Medical Centre Drive Arlington, TX.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 2,148‑square‑foot medical office on a 1984‑built property; Five exam rooms plus an X‑ray room and physician office; Large waiting area and reception space
