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Grand Prairie Commercial Building For Sale

643 S Great SW Pkwy, Grand Prairie, TX 75051

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For Sale

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6,066 SF building in Grand Prairie, TX for sale.

Type:Retail, Office

Property size:

6,066 SF

Price / SF:

$164/SF

HighLights

Zoned HD (Hospital District) permitting a wide range of uses including medical, research, religious, and retail.
Located in Grand Prairie, TX, with access to amenities like Asia Times Square, Hong Kong Market, and Epic Waters Indoor Waterpark.
Building size of 6,066 SF.
Constructed in 1986.
Proximity to Verizon Theatre at Grand Prairie.
Features 3 units.

We can help!

Listing Contact

Cameron Mai

Learn more

For Sale

Contact for pricing

6,066 SF building in Grand Prairie, TX for sale.

Type:Retail, Office

Property size:

6,066 SF

Price / SF:

$164/SF

Added:: Oct 22, 2024
Days on Market:: 597
Last Refresh:: May 12 at 9:09 pm

Property Features for 643 S Great SW Pkwy

General Information

Standard status: Active
Size: 6,066 SF
Property subtype: Retail, Office

Building Details

Year Built: 1986

We can help!

Listing Contact

Cameron Mai

Listing agent Cameron Mai License #TX 619991

Listing office Texas Retail Services

Listing date Oct 22, 2024

Source Crexi

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 Texas Retail Services

HighLights

Zoned HD (Hospital District) permitting a wide range of uses including medical, research, religious, and retail.
Located in Grand Prairie, TX, with access to amenities like Asia Times Square, Hong Kong Market, and Epic Waters Indoor Waterpark.
Building size of 6,066 SF.
Constructed in 1986.
Proximity to Verizon Theatre at Grand Prairie.
Features 3 units.

Overview

This 6,066 SF building, constructed in 1986, features 3 units. It is located in the City of Grand Prairie, TX, and is zoned HD (Hospital District), which permits medical care facilities, health service facilities, scientific or research laboratories, churches, health spa or wellness facilities, nursing and care homes, offices, and support retail uses. The location offers a dynamic mix of amenities, including Asia Times Square and Hong Kong Market, Epic Waters Indoor Waterpark, and the Verizon Theatre at Grand Prairie for entertainment.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$152.9k	$25.20
− Vacancy	−$12.2k	−$2.02
EGI	$140.6k	$23.18
− OpEx	−$56.3k	−$9.27
NOI	$84.4k	$13.91

6,066 SF · lease $25.20/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$1.21M

$1.05M – $1.41M (±1% cap)

NOI $84,380 @ 7.0% cap · market cap 8.44%

Second Best

Retail

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,522 @ 7.0% cap · market cap 8.35%

Theoretical Best

Office A

$1.71M

$1.49M – $1.99M (±1% cap)

NOI $119,379 @ 7.0% cap · market cap 11.94%

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

Location Intelligence

Current Use by Public Records

Medical Office Space

Similar Places Nearby

Animal Hospital & Clinic of Arlington — 3009 E Abram St, Arlington, TX 76010

Map

City: Grand Prairie
County: Dallas
State: Texas
Longitude: -97.0031
Latitude: 32.7276

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For sale
Medical Office Space
TX
Grand Prairie
75051
643 S Great SW Pkwy

What type of property is this?

Medical Office Space - 6,066 SF building in Grand Prairie, TX for sale.

Where is this medical office space located?

The property is located at 643 S Great SW Pkwy Grand Prairie, TX.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Zoned HD (Hospital District) permitting a wide range of uses including medical, research, religious, and retail.; Located in Grand Prairie, TX, with access to amenities like Asia Times Square, Hong Kong Market, and Epic Waters Indoor Waterpark.; Building size of 6,066 SF.