Centerville Prof Bldg 401 W Centerville Rd 7,600 SF 50% Leased Office Building Garland, TX 75041 $1,332,000 ($175.26/SF)

The Ficke Team of Colliers is pleased to present the Centerville Professional Building, a 7,200 square foot medical/ professional office asset located at 401 W Centerville Rd in Garland, Texas. Situated on approximately 0.76 acres with ~40 parking spaces, the property offers strong visibility along a major thoroughfare with traffic counts exceeding 42,300 vehicles per day. The building is currently 50% occupied and configured into multiple suites, allowing for flexibility across a wide range of medical, office, or service-oriented uses. The asset has seen recent capital improvements including a new roof and HVAC system, minimizing near-term capital expenditures and enhancing its positioning for lease-up or repositioning.
The investment offers a unique combination of in-place income and value-add upside, with a mix of tenancy that includes a nationally recognized Edward Jones location alongside local medical tenancy. The existing rent roll provides interim cash flow through NNN leases while maintaining below-market rental rates, creating a clear path to NOI growth through lease-up or mark-to-market adjustments. With 3,600 square feet currently available and additional flexibility through potential lease restructuring or buyout, investors can execute on multiple strategies including stabilization, owner-user conversion, or repositioning the asset to a higher and better use.
Located within the Dallas-Fort Worth metroplex, the property benefits from strong surrounding demographics including a population of over 340,000 residents within a 5-mile radius, average household incomes exceeding $100,000, and a dense base of over 11,000 businesses supporting local demand. Garland continues to see steady economic activity driven by its proximity to major employment hubs, transportation corridors, and ongoing redevelopment initiatives. This offering presents investors and users the opportunity to acquire a well-located infill asset with multiple paths to create value, whether through lease-up, redevelopment, or long-term hold with improved cash flow.