5203 Lk Rdg Pkwy Grand Prairie, TX 75052-3010
Property profile & analytics
5203 Lk Rdg Pkwy Grand Prairie, TX 75052-3010
- Medical Office Space
- 13,540 SF
- 1.68 lot acres
Property ID
US82-9419789
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 City ER Grand Prairie / Hospital
- WellMed workforce solutions / Employment Agency / Business Service Center
- DANIEL JOSEPH BLACKABY / Physician
- Nanette Davies, RNC / Physician
- Nan Davies / Association Or Organization
Property Details for 5203 Lk Rdg Pkwy
- Year built
- 2013
- Lot size
- 1.68 lot acres
- Property size
- 13,540 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 23213T---1----1---90
- APU
- 23213T1190
Description
This exceptional 14,004 square foot medical office building in Grand Prairie, Texas, presents a compelling investment opportunity. Situated at 5203 Lake Ridge Pkwy, 75052, this single-tenant property boasts a 100% occupancy rate, leased to HCA Healthcare, a publicly traded healthcare giant (HCA) under a NNN lease with minimal landlord responsibilities. The lease commenced October 1, 2013, and has a remaining term of approximately 3.9 years, expiring October 31, 2028, with one five-year option. Rent increases are tied to the CPI. Built in 2013, the building is in excellent condition, featuring a recently updated HVAC system and roof sealcoating (2023). Its prime location offers high visibility, situated near major roadways with combined traffic counts exceeding 35,000 vehicles. The property benefits from its proximity to significant healthcare facilities, including HCA's Medical City Arlington hospital (approximately 7 miles), and enjoys a strong surrounding demographic with nearby Tarrant County College and major retail centers like Lake Prairie Towne Crossing (Home Depot, Target). The property's strong tenant, favorable lease terms, and strategic location within the Dallas-Fort Worth MSA (the 4th largest in the country) contribute to an attractive 8.13% cap rate. This is a rare opportunity to acquire a high-quality, stable-performing asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $770,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,424,000
Market price range: $634k - $1.42M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $985,000 Current use
- RESTAURANT
- $1,650,000 Change: +68% Conversion: Difficult
- OFFICE BUILDING
- $1,155,000 Change: +17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Grand Prairie
- County
- Tarrant
- State
- Texas
- Longitude
- -97.0446
- Latitude
- 32.6474
- 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
$114,153
$1,173,680
$3,957,980
$5,131,660
-
$1,173,680
$3,957,980
$5,131,660
