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2120 Prairie Dr - The Offices at Prosper 380 1,187 SF Medical Condo Unit Offered at $570,000 in Prosper, TX 75078
Investment Highlights
- High density location with direct access to 380 and DNT
- Close proximity to Children's Health, Cook Children's and Texas Health
- New construction medical suite unit
Executive Summary
-New construction medical suite (May 2026). Lease in place with established physician practice. - Specialized medical build-out offers 3 exam rooms, private doctor’s office, admin area with check-in/out windows - Approximately 3 years left on current lease. - Current rent of $4,500/month with 3% annual increases. - Stable cash flow from a healthcare tenant. - Lease extension highly likely due to patient convenience and practice infrastructure. - CAP rate 6.44% - NOI $36,708 - Buyer will receive a one-year workmanship warranty - Located in high growth corridor New Construction medical suite in the heart of Prosper! Surrounded by first class medical and healthcare professionals with direct access to both 380 and Dallas North Tollway. Classic, masonry building exterior with dedicated entrance for each suite and ample doorstep parking, 7 spaces per 1,000 s/f. Premium location situated between Cooks Children's, Texas Health and Children's Health. Borders high end residential, market leading healthcare, retailers, commercial businesses, dining and numerous other amenities. Convenient Owners Association handles property maintenance. Contact us today for more information!
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.44% |
| Sale Type | Investment |
| Cap Rate | 6.44% |
- Specialized medical build-out offers 3 exam rooms, private doctor’s office, admin area with check-in/out windows
- Approximately 3 years left on current lease.
- Current rent of $4,500/month with 3% annual increases.
- Stable cash flow from a healthcare tenant.
- Lease extension highly likely due to patient convenience and practice infrastructure.
- CAP rate 6.44%
- NOI $36,708
- Buyer will receive a one-year workmanship warranty
- Located in high growth corridor
3 % annual increases
Year 1: $4,500 per month / $54,000 annually
Year 2: $4,635 per month / $55,620 annually
Year 3: $4,774 per month / $57,289 annually
Strong likelihood of multi-year lease extension
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 801 | 1,187 SF | Medical | $570,000 ($480.20/SF) | $36,708 |
Unit 801
| Unit Size |
| 1,187 SF |
| Condo Use |
| Medical |
| Price |
| $570,000 ($480.20/SF) |
| NOI |
| $36,708 |
Unit 801
| Unit Size | 1,187 SF |
| Condo Use | Medical |
| Price | $570,000 ($480.20/SF) |
| NOI | $36,708 |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| Description | |
| -New construction medical suite (May 2026). Lease in place with established physician practice. <br> - Specialized medical build-out offers 3 exam rooms, private doctor’s office, admin area with check-in/out windows <br> - Approximately 3 years left on current lease.<br> - Current rent of $4,500/month with 3% annual increases.<br> - Stable cash flow from a healthcare tenant.<br> - Lease extension highly likely due to patient convenience and practice infrastructure.<br> - CAP rate 6.44%<br> - NOI $36,708<br> - Buyer will receive a one-year workmanship warranty<br> - Located in high growth corridor</li></ul> | |
| Sale Notes | |
| Gross Modified Lease in place:<br> 3 % annual increases<br> Year 1: $4,500 per month / $54,000 annually<br> Year 2: $4,635 per month / $55,620 annually<br> Year 3: $4,774 per month / $57,289 annually<br> Strong likelihood of multi-year lease extension</li></ul> |
Property Facts
| Total Building Size | 4,748 SF | Floors | 1 |
| Property Type | Office (Condo) | Typical Floor Size | 1,187 SF |
| Property Subtype | Medical | Year Built | 2026 |
| Building Class | B | Lot Size | 5.61 AC |
| Zoning | F1 - Commercial | ||
| Total Building Size | 4,748 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 1,187 SF |
| Year Built | 2026 |
| Lot Size | 5.61 AC |
| Zoning | F1 - Commercial |
Amenities
- 24 Hour Access
- Air Conditioning
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2120 Prairie Dr - The Offices at Prosper 380
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