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 Show Phone

Source: Thebrokerlist

Added: Aug 22 Changed: Oct 12 Last Checked: Oct 16 at 5:37AM

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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.

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 / Yr

$129,600

Cap Rate

3.99%

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

Is this asking price fair?

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 (±1% cap)

NOI $574,913 @ 7.0% cap · market cap 17.69%

Second Best

Healthcare Medical

$1.85M

$1.62M – $2.16M (±1% cap)

NOI $129,600 @ 7.0% cap · market cap 3.99%

Theoretical Best

Office A

$12.00M

$10.50M – $14.00M (±1% cap)

NOI $839,942 @ 7.0% cap · market cap 25.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Brown Clinic Dental: ... Dental Office

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store Daycare Center

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

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

19.2% 2019

21.1% 2020

21.5% 2021

21.6% 2022

22% 2023

26.2% 2024

25.9% 2025

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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