www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30045090
30045112

14688 State Hwy 121, Frisco, TX 75035

SM
TX 777092
Ready Real Estate
Listed by Ready Real Estate
$864,000
143 days on market
Updated 4 days ago

Fully Leased Medical Office Condo | Prime Frisco Location

Details
Property Type Office
Sub Type Medical Office
Square Footage 1,601
Net Rentable (SqFt) 1,601
Units 1
Cap Rate 7%
NOI $60,438
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 10/31/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options 5 years (1)
Price per SqFt $540
Class B
Year Built 2017
Zoning Commercial
Parking Spaces 4 per 1,000 sq ft
Investment Type Stabilized
Lease Commencement 11/01/2021

Medical Condo | 6.75% CAP

Marketing description

Excellent opportunity to acquire a fully leased, income-producing medical office condo in the highly desirable market of Frisco, Texas. This ±1,600 SF professional suite, built in 2017, is ideally located at the signalized intersection of State Highway 121 and Independence Parkway, offering exceptional visibility, accessibility, and strong surrounding demographics.

The property is 100% leased to an established medical tenant, providing investors with stable cash flow and long-term income security. This turnkey investment is well-suited for passive investors seeking reliable returns in a high-growth, healthcare-driven corridor.

The suite features a functional layout including a reception area, private offices, conference room, bullpen workspace, and restrooms, along with high-quality finish-out and modern construction. Strategically positioned with direct access to State Highway 121 and the Dallas North Tollway, the property benefits from strong population growth, proximity to major healthcare providers, and a dense residential base.

👉 A stabilized, low-management investment with long-term upside in one of North Texas’ most dynamic submarkets.

Investment highlights

100% Leased to an established medical tenant

New 5-year lease extension in progress

Provides stable cash flow and long-term income security

Ideal for passive investors seeking reliable returns

Located in a high-growth, healthcare-driven submarket

🏢 Property Features

  • Functional and efficient layout:
    • Reception area
    • Two private offices
    • Large conference room
    • Bullpen workspace
    • Two restrooms
  • High-quality interior finish-out
  • Modern construction (2017)
  • Includes fixtures, furniture, and equipment

📍 Location Advantages

  • Direct access to State Highway 121 and Dallas North Tollway
  • Positioned in a high-traffic, signalized intersection
  • Surrounded by:
    • Major healthcare providers
    • Retail centers
    • Dense residential communities
  • Benefits from strong demographics and continued population growth

💼 Investment Positioning

This asset represents a turnkey, stabilized investment with:

  • Long-term tenant commitment
  • Minimal management requirements
  • Exposure to the growing healthcare sector

👉 Ideal for investors seeking predictable income with upside from market growth

Listing Contacts

SM
TX 777092
Ready Real Estate
Listed by Ready Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,438.00
$5,036.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

Map

Zoning

Intelligence Badge
H CommercialSpecial CommercialHighway District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 176 uses
View all 176 uses
Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Suresh Malepati
License
777092
Brokerage
Ready Real Estate, LLC.
Title
Real Estate Broker
Brokerage Address
10440 North Central Expressway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591