Renovated Medical Office
For Sale
$3,250,000
9616 & 9622 Webb Chapel Road, Dallas, TX 75220
Two separate buildings provide fully occupied medical office space with updated HVAC systems.
Property Size10,000 SF
Price / SF$325
Days on Market12
Property Features for 9616 & 9622 Webb Chapel Road
General Information
Standard status
Active
Size
10,000 SF
Class
C
Property subtype
Single Tenant Office
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
10,000 SF
Year Built
1930
Year Renovated
2021
Buildings
2
Tenancy
Single
Listing Agency:
LiNC Commercial Realty
Listed By:
Najdi Rafaty
(214) 267-9860
Source:
Thebrokerlist
Added: Aug 22
Changed: Aug 30
Last Checked: Sep 1 at 2:27PM
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 LiNC Commercial Realty
Investment Insights
Based on property information with market context.
This medical office property comprises two separate buildings totaling 10,000 SF at 9616 and 9622 Webb Chapel Road in Dallas. Originally constructed in 1930, the buildings underwent renovation in 2021 and include new HVAC systems. The property is fully occupied by a national medical tenant.
The asset is positioned near major highways and public transit hubs, providing connectivity throughout the Dallas metropolitan area. Its established medical-office configuration and recent improvements support continued use as a healthcare-focused commercial property.
The asset is positioned near major highways and public transit hubs, providing connectivity throughout the Dallas metropolitan area. Its established medical-office configuration and recent improvements support continued use as a healthcare-focused commercial property.
Key Highlights
- Two medical office buildings totaling 10,000 SF
- Built in 1930 and renovated in 2021
- New HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,600
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 17.69%
Second Best
Healthcare Medical
$1.85M
$1.62M – $2.16M
NOI $129,600 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$12.00M
$10.50M – $14.00M
NOI $839,942 @ 7.0% cap · market cap 25.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Dallas, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two separate buildings provide fully occupied medical office space with updated HVAC systems.
Where is this medical office space located?
The property is located at 9616 & 9622 Webb Chapel Road Dallas, TX.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two medical office buildings totaling 10,000 SF; Built in 1930 and renovated in 2021; New HVAC systems
