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Property profile & analytics
FOR SALE
Medical Office Space

1231 E Belt Line Rd Richardson, TX 75081

3,116 SF 0.44 ac lot Built 1984
Entity Owned 7-yr Hold Absentee Owner Free & Clear
Property ID
US83-0832607
Property summary
AI-generated overview

This exceptional medical office building, Richardson Medical Plaza, located at 1231 E Belt Line Rd, Richardson, TX 75081, offers a fantastic opportunity for medical professionals seeking a well-situated space in Dallas County. The building totals 6,896 square feet and currently has 4,851 square feet of vacant space available, with suites ranging from 1,735 to 3,116 contiguous square feet. The property is a multi-tenant building, providing a collaborative environment. Its convenient location offers easy access to major thoroughfares, including US Hwy 75 and Plano Rd, placing it within six miles of both Medical City Hospital and Methodist Richardson Medical Center. This strategic location ensures high visibility and accessibility for patients and staff. The building presents a chance to establish or expand a medical practice in a thriving area, alongside an existing tenant, Lake Pointe Orthopedics. The property is ideal for a variety of medical specialties, offering ample space to accommodate diverse needs. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent presence in a highly sought-after medical corridor. The building's size and layout provide flexibility for various practice sizes and configurations. This is a rare opportunity to secure prime medical office space in a rapidly growing area of Richardson, Texas.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Construction TILT-UP CONCRETE
Total area 3,116 SF
Lot 0.44 ac (19,384 SF)
Zoning code Z206
APN 420146900203A0000
UPID US83-0832607
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
  • Metroplex Orthodontics Dental Office
  • Dr. Kurt Johnson, M.D. Physician
  • Premier Physical Therapy and Rehabilitation Medical Clinic
  • Lake Pointe Orthopaedics & Sports Medicine Medical Clinic
  • Little Eagles Child Learning Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$635k
Comparable Approach Comparable
$649k
Blend (final) Blend
$640k
Owner & transaction history
Msa Investment Holdinco LLC · 7 yrs held
Msa Investment Holdinco LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Z206 · Richardson, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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