Property profile

1 Medical Pkwy Farmers Branch, TX 75234

OFF-MARKET
Medical Office Space
Property ID
US82-3787682
57,170 SF 3.12 ac lot Built 1969
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is configured for office use and provides rentable office suites that can be customized to meet tenant needs. It includes covered parking for tenants and visitors. The site is located near a full-service acute care hospital.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1969
Construction FRAME
Total area 57,170 SF
Lot 3.12 ac (135,864 SF)
Zoning code Z206
APN 241495500B0010000
UPID US82-3787682

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Medical Clinic
  • Medical Clinic
  • Physician
  • Physician

Location

1 Medical Pkwy Farmers Branch, TX 75234-7841
Farmers Branch metro Census 13804 DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.27M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.45M

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

Z206 · Farmers Branch, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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