Single-Tenant Veterinary Medical
9849 Fm-156, Justin, TX 76247
For Sale
$2,500,000
CommercialSale, Justin, TX
Property Size6,000 SF
Lot Size2.00 Acres
Price / SF$416.67
Days on Market39
Property Features for 9849 Fm-156
General Information
Property type
Property subtype
Zoning description
Parking features
Security features
Subdivision
Lot features
Directions
Standard status
APN
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Medical Specialty
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Shady Creek Realty, LLC
(817) 991-0167
Listed By:
Kyle Bookout
(817) 399-8080
Added: Oct 6
Changed: Oct 26
Last Checked: Nov 13 at 8:06AM
MLS# 21402420
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,000-square-foot building, subject to verification, sits on 2.0 acres in Justin and was completed in 2022. The single-tenant facility operates as a veterinary clinic and is leased under a triple-net agreement. Its primary lease term is 10 years, followed by two five-year renewal terms. Annual rent increases of 3% apply after the first year of the primary term and during each renewal term.
The property has direct access to FM 156 and concrete parking. Construction includes wood and masonry elements with asphalt shingle roofing. Water comes from an on-site well and filtration system; wastewater is handled by an on-site aerobic septic system, with its spray field on the property.
The property has direct access to FM 156 and concrete parking. Construction includes wood and masonry elements with asphalt shingle roofing. Water comes from an on-site well and filtration system; wastewater is handled by an on-site aerobic septic system, with its spray field on the property.
Key Highlights
- 6,000‑square‑foot building, subject to verification, on 2.0 acres
- Built in 2022 and used as a veterinary clinic
- 100% leased on a triple‑net basis; primary term is 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,430
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,600
$1.7M
Cap Rate 7%
$1,191,857
$1.2M
Cap Rate 9%
$927,000
$927.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$148.3K $24.72/SF
− Vacancy
−$37.1K −$6.18/SF
EGI
$111.2K $18.54/SF
− OpEx
−$27.8K −$4.64/SF
NOI
$83.4K $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%
$1,668,600
Cap Rate 7%
$1,191,857
Cap Rate 9%
$927,000
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,430 @ 7.0% cap · market cap 3.34%
Second Best
Healthcare Medical
$1.16M
$1.01M – $1.35M
NOI $81,194 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,744 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
$372,700
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Denton County, TX
Properties on Market for Medical Office Space in Denton County
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 - A veterinary clinic occupies the property under a triple-net lease with two renewal terms.
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: 6,000‑square‑foot building, subject to verification, on 2.0 acres; Built in 2022 and used as a veterinary clinic; 100% leased on a triple‑net basis; primary term is 10 years
