311 Southlake Blvd Southlake, TX 76092-6184
Property profile & analytics
311 Southlake Blvd Southlake, TX 76092-6184
- Medical Office Space
- 3,201 SF
- 0.47 lot acres
Property ID
US82-9701079
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 311 Southlake Blvd
- Year built
- 2009
- Lot size
- 0.47 lot acres
- Property size
- 3,201 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 44033C--C
- APU
- 44033CC
Description
This exceptional investment opportunity presents a 3,200 square foot Class A medical office building in Southlake, Texas, currently 100% occupied by Smile Doctors, a leading dental support organization with over 450 locations nationwide. The property boasts a strong 8.5-year remaining lease term (extending to March 12, 2033) with a 2% annual rent increase, providing predictable cash flow and significant long-term value. The NNN lease structure minimizes landlord responsibilities, making this an attractive passive investment. Located at 311 W Southlake Blvd, 76092, this single-story building benefits from high visibility on a major thoroughfare with over 45,000 vehicles per day, situated within a thriving medical office park. The property's prime location in the affluent Southlake area, part of the rapidly growing Dallas-Fort Worth MSA, ensures consistent demand and high occupancy rates. The building was constructed in 2009 and features a corporate guarantee, further enhancing the security of this investment. The asking price is $1,618,400, representing a 6.75% cap rate and a price per square foot of $505.75. The annual net operating income (NOI) is $109,242. This is a rare opportunity to acquire a stable, high-performing asset in a premier location with significant upside potential within a rapidly expanding market sector. The lease includes two 5-year renewal options. The average household income within a 3-mile radius exceeds $211,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Southlake
- County
- Tarrant
- State
- Texas
- Longitude
- -97.1544
- Latitude
- 32.9402
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$20,420
$233,990
$950,380
$1,184,370
-
$233,990
$950,380
$1,184,370
