Gated Medical Office
For Sale
$2,500,000
9849 Fm-156, Justin, TX 76247
Central air conditioning and a gated parking area serve the property.
Property Size5,242 SF
Days on Market32
Property Features for 9849 Fm-156
General Information
Standard status
Active
Size
5,242 SF
Zoning
Northlake ETJ
Net Operating Income
$143,298
Taxes and HOA fees
Annual Taxes
$33,514
Amenities
Central Air
Central
Concrete, Gated, Parking Lot
Building Details
Building Size
5,242 SF
Year Built
2022
Stories
1
Listing Agency:
3R Realty Ventures, LLC
Listed By:
Kyle Bookout
(817) 991-0167
Source:
Evrealestate
Added: Sep 17
Changed: Oct 16
Last Checked: Oct 16 at 6:38AM
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 3R Realty Ventures, LLC
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Investment Insights
Based on property information with market context.
This medical office property was built in 2022 and includes central air conditioning, a gated entrance, and a concrete parking lot. It is located at 9849 FM-156 in Justin, Denton County, and is zoned Northlake ETJ.
Key Highlights
- Built in 2022
- Gated access and a concrete parking lot
- Located at 9849 FM‑156 in Justin, Denton County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,890
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,457,800
$1.5M
Cap Rate 7%
$1,041,286
$1.0M
Cap Rate 9%
$809,889
$809.9K
Market Conditions
NOI Build-Up for 5,242 SF
Gross rent
$129.6K $24.72/SF
− Vacancy
−$32.4K −$6.18/SF
EGI
$97.2K $18.54/SF
− OpEx
−$24.3K −$4.64/SF
NOI
$72.9K $13.91/SF
Area
Denton County, TX
Vacancy
25.00%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,457,800
Cap Rate 7%
$1,041,286
Cap Rate 9%
$809,889
Alternative Uses
Best Use
Office B
$1.04M
$911.1K – $1.21M
NOI $72,890 @ 7.0% cap · market cap 2.92%
Second Best
Healthcare Medical
$1.01M
$886.7K – $1.18M
NOI $70,937 @ 7.0% cap · market cap 2.84%
Theoretical Best
Multifamily LT 5
$73.31M
$64.14M – $85.52M
NOI $5,131,445 @ 7.0% cap · market cap 205.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 76247, TX
17,178
Population
6,610
Households
2.6
Avg Household Size
36
Median Age
34%
College-Educated
97%
High-School Grad
74.4 sq mi
ZIP Area
231
Density / Sq Mi
$123,173
Median Household Income
$61,878
Median Earnings
$2,070
Median Rent
$372,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Dr. Paul Ingram — 9849 FM156, Justin, TX 76247
- Dr. Denna Ingram — 9849 FM156, Justin, TX 76247
- Justin Animal Hospital and Grooming — 9849 FM156, Justin, TX 76247
- Justin Animal Hospital — 9849 fm156, justin, tx 76247
Frequently Asked Questions
What type of property is this?
Medical Office Space - Central air conditioning and a gated parking area serve the property.
Where is this medical office space located?
The property is located at 9849 Fm-156 Justin, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Built in 2022; Gated access and a concrete parking lot; Located at 9849 FM‑156 in Justin, Denton County
