This 59,955 square foot, single-building medical office park in Dallas, TX, offers 14,603 square feet of immediately available space. Built in 1985, the property boasts 19-foot ceilings and 232 parking spaces. The minimum divisible space is 3,789 square feet, with a maximum contiguous space of 14,603 square feet. Located at 7920 Elmbrook Dr, Dallas, TX 75247, near W Mockingbird Ln, this property is zoned Z151 and features three total suites. The building is situated within the Southwestern Medical District, a thriving hub of healthcare excellence, close to major hospitals and medical institutions including UT Southwestern Medical Center, Parkland Health, and Children's Hospital. The available space includes private offices, conference rooms, and in-suite restrooms, with the flexibility for reconfiguration. Second-generation laboratory space is also available, previously used for biohazardous material processing. Excellent freeway access via I-35E and 114 provides easy connectivity throughout the Dallas metroplex. This property presents a unique opportunity to join a vibrant and established medical community.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$13,711,967
6.5%
$12,657,200
7%
$11,753,114
Comparable approach
Method
Valuation
Relative Method
$15,347,761
Geo Method
$40,277,736
Alternative Use
Use
Valuation
Residential
$10,676,822
Hospitality
$9,779,911
Educational
$8,136,772
Medical
$8,416,608
Retail
$12,657,200
Location Insight
City
Dallas
County
Dallas
State
Texas
Latitude
32.8191
Longitude
-96.8627
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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