Turnkey Medical Office For Sale

2306 Ridge Rd, Rockwall, TX 75087

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For Sale

Contact for pricing

Turnkey medical office with excellent frontage and high traffic.

Type:Office

Property size:

5,379 SF

Price / SF:

$209/SF

HighLights

Turnkey medical office, ready for immediate use.
Ideal floorplan with plumbed exam rooms and waiting area.
Excellent frontage and visibility on Ridge Road.
High traffic location with over 27,000 vehicles daily.
Located within the Dallas‑Fort Worth MSA.
Suitable for a variety of medical users.

We can help!

Listing Contact

Ryan McCullough, SIOR

For Sale

Contact for pricing

Turnkey medical office with excellent frontage and high traffic.

Type:Office

Property size:

5,379 SF

Price / SF:

$209/SF

Added:: Jun 18, 2024
Days on Market:: 721
Last Refresh:: May 12 at 10:00 pm

Property Features for 2306 Ridge Rd

General Information

Standard status: Active
Size: 5,379 SF
Property subtype: Office

Building Details

Year Built: 1987

We can help!

Listing Contact

Ryan McCullough, SIOR

Listing agent Ryan McCullough, SIOR License #TX 742422

Listing office Partners - Austin

Listing date Jun 18, 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 Partners - Austin

HighLights

Turnkey medical office, ready for immediate use.
Ideal floorplan with plumbed exam rooms and waiting area.
Excellent frontage and visibility on Ridge Road.
High traffic location with over 27,000 vehicles daily.
Located within the Dallas‑Fort Worth MSA.
Suitable for a variety of medical users.

Overview

This turnkey medical office is suitable for a variety of users. The office features a functional floorplan, including plumbed exam rooms and a waiting area. Parking is available. The property has frontage and visibility along Ridge Road, which experiences traffic of over 27,000 vehicles daily. The property is located within the Dallas-Fort Worth metropolitan statistical area (MSA). The property size is 5379 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$165.2k	$30.72
− Vacancy	−$45.3k	−$8.42
EGI	$120.0k	$22.30
− OpEx	−$30.0k	−$5.58
NOI	$90.0k	$16.73

5,379 SF · lease $30.72/SF/yr · vacancy 27.40% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.29M

$1.12M – $1.50M (±1% cap)

NOI $89,975 @ 7.0% cap · market cap 8.00%

Second Best

Healthcare Medical

$1.04M

$909.9K – $1.21M (±1% cap)

NOI $72,791 @ 7.0% cap · market cap 6.47%

Theoretical Best

Hotel Hospitality

$4.05M

$3.55M – $4.73M (±1% cap)

NOI $283,608 @ 7.0% cap · market cap 25.21%

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

Property Profile Location Intelligence

Current Use by Public Records

McKenney Clinic Medical Clinic Mc Kenney Carl ... Pediatrician Ridge Road Medical ... Medical Clinic Rodriguez Ramiro MD Pediatrician Jennifer Schoenfeld Physician

Suggested Use

Similar Places Nearby

Rockwall Veterinary Hospital — 2001 S Goliad St, Rockwall, TX 75087
Rockwall Veterinary Hospital: Loftis J David DVM — 2001 S Goliad St, Rockwall, TX 75087

Location Insight

Map
Local Demand

City: Rockwall
County: Rockwall
State: Texas
Longitude: -96.4654815
Latitude: 32.9029088

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Rockwall Office Building For Sale

5,379 SF office building available in Rockwall, Texas.

2306 Ridge Rd, Rockwall, TX

View Details

For sale
Medical Office Space
TX
Rockwall
75087
2306 Ridge Rd

What type of property is this?

Medical Office Space - Turnkey medical office with excellent frontage and high traffic.

Where is this medical office space located?

The property is located at 2306 Ridge Rd Rockwall, TX.

What is the asking price?

The asking price for this property is $1,125,000.

What are key features of this property?

This property features: Turnkey medical office, ready for immediate use.; Ideal floorplan with plumbed exam rooms and waiting area.; Excellent frontage and visibility on Ridge Road.