375 Municipal Dr 1 Richardson, TX 75080-3559
This 1,334 square foot medical office condo in Richardson, Texas, is available for $167,250. Located at 375 Municipal Drive, Suite 134, this Class C property is situated less than half a mile from US-75 and across from Richardson Methodist Medical Hospital Campus. Recently renovated in 2024, the suite boasts a modern design ideal for medical professionals. The functional layout includes a reception area, five procedure rooms, a kitchen, and two restrooms. Additional features include a workroom/lab space and record storage. The property is part of Richardson Medical Park, which sits on a ground lease expiring May 31, 2034. Monthly association fees cover common area maintenance and all utilities (excluding internet). On-site amenities include a fitness center with locker rooms, workout equipment, and an indoor racquetball/squash court (sauna under renovation). The property is vacant and ready for immediate occupancy. Prospective buyers are responsible for conducting their own due diligence. This is an owner/user or investment opportunity.
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Robert E Morgan DDS, MSD Dental Office
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ABCO Home Plus Insurance Insurance Agency
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counseling place Counselor
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North Dallas Urology Associates Medical Clinic Physician
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Kim Rockwell-Evans, PHD - OCD & Anxiety Specialists of Dallas Physician Medical Clinic
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Z206 · Richardson, TXCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.