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Property profile & analytics
FOR SALE
Medical Office Space

10901 Garland Rd Dallas, TX 75218

15,536 SF 0.48 ac lot Built 1967
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US82-1130157
10901 Garland Rd, Dallas, TX 75218 For Sale
$4,500,000 15,536 SF
10901 Garland Rd, Dallas, TX 75218
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Property summary
AI-generated overview

This exceptional investment opportunity presents a 15,536-square-foot medical office building in Dallas, Texas, boasting a strong 8% capitalization rate. The property, situated on a 0.48-acre lot at 10901 Garland Rd, 75218, is a two-story building constructed in 1967 and renovated in 2006. Currently 100% occupied by three tenants, including the anchor tenant, Smiley Dental & Orthodontics, the building benefits from a triple-net (NNN) lease structure with a corporate guarantee. The leases feature annual 2% rent increases, providing inflation protection. The current Net Operating Income (NOI) stands at $310,720. Smiley Dental & Orthodontics occupies 50% of the space under a new 15-year NNN lease, while Clinica San Andres and Smiley Dental Management office are under a three-year NNN lease. The owner-user option exists, as the 7,768 square foot upstairs office space occupied by Smiley Dental Management could be relocated. This stabilized investment offers a secure, long-term return in a rapidly growing metropolitan area, with the added benefit of no state income tax in Texas. The building's strong tenant base, coupled with the long-term lease agreements and built-in rent increases, makes this a compelling investment opportunity. The asking price is $3,884,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1967
Construction FRAME
Total area 15,536 SF
Lot 0.48 ac (20,778 SF)
Zoning code Z59
APN 536100000110000
UPID US82-1130157
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Smiley Dental & Orthodontics Dental Office
  • Clinica San Andres Medical Clinic
  • Wong Jamie S DDS Dental Office
  • Dr. Stephen Dao Dental Office
  • Yasmin Awad Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Jt Realty INC · 20 yrs held
Jt Realty INC
since 2006
6 recorded transactions
2006
Price N/A
2002
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Z59 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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