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Property profile & analytics
OFF-MARKET
Estimated value
$16,530,000
Medical Office Space
11970 Central Expy Dallas, TX 75243-3768
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-9145373
Property summary
AI-generated overview
This exceptional Class A medical office complex, located in the heart of Dallas' Medical City Heart & Spine Campus at 11970, 12222, and 12228 N Central Expressway, offers a prime opportunity for healthcare professionals. The Pavilion I, II, and III buildings boast a total of 319,077 square feet across ten stories, providing ample space for a variety of medical practices. Multiple tenancy options are available, with spaces ranging from a minimum of 2,545 square feet to a maximum contiguous space of 14,154 square feet. Currently, there are 63,361 square feet of vacant space ready for immediate occupancy. The property features convenient parking with a ratio of 5 spaces per 1,000 square feet. Situated in Dallas County, Texas, this location offers unparalleled access to a thriving medical community and a robust patient base. The property's prime location and modern amenities make it an ideal choice for medical practices seeking a prestigious and functional workspace. This is a rare opportunity to secure space in a highly sought-after medical office building within a premier medical campus. The address is 11970, 12222, and 12228 N Central Expressway, Dallas, TX 75243.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Construction
FRAME
Total area
143,202 SF
Lot
1.75 ac (76,186 SF)
Zoning code
Z239
APN
007748000A02E0100
UPID
US82-9145373
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
-
FastNewSmile® Dental Implant Centers Dental Office
-
Forest Park Sleep Institute Medical Clinic
-
North Park Heart and Vascular Center Physician Hospital
-
The Body Contouring Center Physician Medical Clinic
-
Dr. Carlos Raúl Barceló Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.82M
Blend (final)
Blend
$16.53M
Owner & transaction history
Columbia Hosp Of Medical City Dal · 10 yrs held
Columbia Hosp Of Medical City Dal
since 2016
1 recorded transaction
Zoning & alternative use
Z239 · Dallas, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.9M
+94.6%
Auto repair, garage
$16.7M
+71.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dallas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dallas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$18,905,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,700,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$16.53M
Range $14.88M – $18.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$115 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$729,638
Tax year 2023
Assessed value
$30,100,000
Assessed 2023
Previous assessed
$30,100,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,523,720
Assessed improvement
$28,576,280
Land market value
$1,523,720
Improvement market value
$28,576,280
Total market value
$30,100,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
6
Total area
143,202 SF
Lot
1.75 ac (76,186 SF)
Zoning code
Z239
APN
007748000A02E0100
UPID
US82-9145373
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z239 · Dallas, TX
Zoning Z239 · permitted uses
Z239 · Dallas, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dallas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$16.7M
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
6
Lot
1.75 ac
Current owner
From public records · entity-resolved
Columbia Hosp Of Medical City Dal
Entity
Free & Clear · 10 yrs held
Mailing address
16435 N SCOTTSDALE RD STE #320, SCOTTSDALE, AZ 85254-1694
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2016
—
Columbia Hosp Of Medical City Dal
Forest Park Realty Ptrs III LP
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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