Two-Building Medical Office
9616-9622 Webb Chapel Rd., Dallas, TX 75220
For Sale
Contact for pricing
Two separate professional office buildings offer a renovated setting with updated HVAC and on-site parking.
Property Size10,000 SF
Lot Size0.72 Acres
Price / SF$300
Days on Market15
Property Features for 9616-9622 Webb Chapel Rd.
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Property Use
Building Details
Year Built
Year Renovated
Buildings
Listing Agency:
Lion's Gate Medical
Listed By:
Sanober Syed
(972) 707-1171
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 4:59PM
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 Lion's Gate Medical
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Investment Insights
Based on property information with market context.
Two medical and professional office buildings provide a combined 10,000 square feet of space on a 0.72-acre parcel. Constructed in 1930 and renovated in 2021, the buildings have a new HVAC system and on-site parking.
The property is on Webb Chapel Road in Dallas, minutes from Northwest Highway. The surrounding area includes residential neighborhoods and commercial spaces, with Dallas Love Field Airport nearby.
The property is on Webb Chapel Road in Dallas, minutes from Northwest Highway. The surrounding area includes residential neighborhoods and commercial spaces, with Dallas Love Field Airport nearby.
Key Highlights
- Two separate buildings totaling 10,000 SF
- 0.72‑acre site with on‑site parking
- Built in 1930 and renovated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,600
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,592,000
$2.6M
Cap Rate 7%
$1,851,429
$1.9M
Cap Rate 9%
$1,440,000
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$240.0K $24.00/SF
− Vacancy
−$24.0K −$2.40/SF
EGI
$216.0K $21.60/SF
− OpEx
−$86.4K −$8.64/SF
NOI
$129.6K $12.96/SF
Area
Dallas, TX
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,592,000
Cap Rate 7%
$1,851,429
Cap Rate 9%
$1,440,000
Alternative Uses
Best Use
Office B
$8.21M
$7.19M – $9.58M
NOI $574,913 @ 7.0% cap · market cap 19.16%
Second Best
Healthcare Medical
$1.85M
$1.62M – $2.16M
NOI $129,600 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$12.00M
$10.50M – $14.00M
NOI $839,942 @ 7.0% cap · market cap 28.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 75220, TX
39,627
Population
15,589
Households
2.5
Avg Household Size
32
Median Age
23%
College-Educated
61%
High-School Grad
11.3 sq mi
ZIP Area
3,507
Density / Sq Mi
$57,787
Median Household Income
$33,127
Median Earnings
$1,164
Median Rent
$449,500
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Dallas, TX
Properties on Market for Medical Office Space in Dallas
Vacancy Rate% for Office in Dallas, TX
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two separate professional office buildings offer a renovated setting with updated HVAC and on-site parking.
Where is this medical office space located?
The property is located at 9616-9622 Webb Chapel Rd. Dallas, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Two separate buildings totaling 10,000 SF; 0.72‑acre site with on‑site parking; Built in 1930 and renovated in 2021
