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Southlake Medical Office Space Available
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245 W State Hwy 114, Southlake, TX 76092

Class A medical office space in thriving Southlake, Texas.

Space Size1,341 SF - 5,454 SF
Property Size50,000 SF
Days on Market908

Property Features for 245 W State Hwy 114

General Information

Standard status Active
Size 1,341 SF - 5,454 SF
Class A
Total Parking Spaces 367
Property subtype Office
Lease Type NNN

Building Details

Building Size 50,000 SF
Year Built 2018
Tenancy Multiple

Spaces For Lease

at 245 W State Hwy 114 Contact us

Suite 200

Size
5,454 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite 220

Size
3,213 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite 240

Size
3,902 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us

Suite 310

Size
1,341 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: TXRE Properties LLC
Listed By: Matthew Cheney · License #0813152
Source: Crexi
Added: Feb 27, 2024 Changed: Aug 8 Last Checked: Aug 22 at 1:41PM

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 TXRE Properties LLC

Investment Insights

Based on property information with market context.

Chapel Crossing, situated at 245 W SH 114 in Southlake, Texas, is a three-story medical office building. This Class A building features modern finishes, advanced systems, an atrium lobby, and naturally lit spaces. The suites offer flexibility for customization to suit tenant branding and business requirements. The tenant mix includes specialties such as orthopedics, plastics, oral surgery, obstetrics and gynecology, physical therapy, and fertility. The property is located at the intersection of State Highway 114 and White Chapel Boulevard, providing accessibility and visibility. Major freeways and Dallas-Fort Worth International Airport are within a short drive. Delta Hotels by Marriott and Methodist Hospital are located across White Chapel Boulevard. Southlake is an affluent suburb with access to Fort Worth, Arlington, and Dallas, all approximately 25 miles away. The location serves a growing population with an average household income of $216,739 per year within a three-mile radius.

Key Highlights

  • Strategic location at State Highway 114 and White Chapel Boulevard with excellent visibility and easy accessibility.
  • Located in affluent Southlake, TX, with a high average household income of $216,739 within a 3‑mile radius.
  • Class A medical office building with top‑of‑the‑line finishes and state‑of‑the‑art systems.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Pharmacy Grocery & Convenience Store (Bike/Boat/Book/etc) Store Plumbing Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.20 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

813
Businesses Nearby
Well-served
Demand for This Use

Demographics for 76092, TX

31,924
Population
9,886
Households
3.2
Avg Household Size
42
Median Age
75%
College-Educated
99%
High-School Grad
22.7 sq mi
ZIP Area
1,406
Density / Sq Mi
$250,001
Median Household Income
$123,882
Median Earnings
$3,501
Median Rent
$956,200
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Class A medical office space in thriving Southlake, Texas.
Where is this medical office space located?
The property is located at 245 W State Hwy 114 Southlake, TX.
What is the lease rate?
The lease rate is $28 SF/Yr.
What are key features of this property?
This property features: Strategic location at State Highway 114 and White Chapel Boulevard with excellent visibility and easy accessibility.; Located in affluent Southlake, TX, with a high average household income of $216,739 within a 3‑mile radius.; Class A medical office building with top‑of‑the‑line finishes and state‑of‑the‑art systems.
(214) 734-4725 Call to check price and availability
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