Turnkey Medical Office For
2306 Ridge Rd Rockwall, TX 75087
For Sale
Contact for pricing
Turnkey medical office with excellent frontage and high traffic.
Property Size5,379 SF
Price / SF$209.15
Days on Market767
Property Features for 2306 Ridge Rd
General Information
- Standard status
- Active
- Size
- 5,379 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing Agency:
Partners - Austin
Listed By:
Ryan McCullough, SIOR · License #TX 742422
Source:
Crexi
Added: Jun 18, 2024
Changed: Jul 6
Last Checked: Jul 23 at 12:13PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Turnkey medical office, ready for immediate use.
- Ideal floorplan with plumbed exam rooms and waiting area.
- Excellent frontage and visibility on Ridge Road.
Financial Insights For Office B
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 | $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
NOI $89,975 @ 7.0% cap · market cap 8.00%
Second Best
Healthcare Medical
$1.04M
$909.9K – $1.21M
NOI $72,791 @ 7.0% cap · market cap 6.47%
Theoretical Best
Hotel Hospitality
$4.05M
$3.55M – $4.73M
NOI $283,608 @ 7.0% cap · market cap 25.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar Off Market Nearby
- Pet Doctor — 2703 Market Center Dr, Rockwall, TX 75032
- Lakeside Veterinary Clinic — 801 I-30 Frontage Rd, Rockwall, TX 75087
- Banfield Pet Hospital — 931 E Interstate 30, Rockwall, TX 75087
- Petco Vaccination Clinic — 2689 Market Center Dr, Rockwall, TX 75032
- Veterinary Management Consultant — 2703 Market Center Dr, Rockwall, TX 75032
FAQs
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.
