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    Grand Prairie Commercial Building For Sale Title is generated by Realmo AI

    643 S Great SW Pkwy, Grand Prairie, TX 75051

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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
    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

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    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
    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.

    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

    FAQs

    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.
    More about this property
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