What is the asking price for Hampton Professional Building?

The lease rate for space here is $3,150,000.

What type of property tenancy can you find at Hampton Professional Building?

This property is listed as Multi-Tenant.

What is the total size of Hampton Professional Building?

The property has a total square footage of 31,562 SF.

When was this property built?

Hampton Professional Building was built in 1972.

How many parking spaces are available at Hampton Professional Building?

Parking information for the property isn't currently listed. However, other nearby parking options include Boulder Park Trailhead, located 1.67 miles away , and Dallas Can! Academy Charter School Student Parking, which is 4.03 miles away.

4650 S. Hampton Road, Dallas, TX 75237

For Sale $3,150,000
Property Type Retail - Freestanding
Property Size 31,562 SF
Lot Size 2.3 Acre
Property Tenancy Multi-Tenant
Year Built 1972
Date Updated Nov 5, 2026

Description

Hampton Professional Building is a two-story, 31,562 SF multi-tenant office and retail center on 2.38 acres fronting S. Hampton Rd, directly across from Dallas Executive Airport. It is 88.6% leased to 17 tenants on gross terms, and rents run more than 40% below market, which gives a new owner a clear path to higher income through NNN conversion and re-leasing. Offered at $3,150,000 ($100/SF) with a 7.74% in-place cap rate, the property sits two miles north of the fast-growing RedBird medical district.Hampton Professional Building is a two-story, 31,562 SF multi-tenant office and retail center on 2.38 acres fronting S. Hampton Rd, directly across from Dallas Executive Airport. It is 88.6% leased to 17 tenants on gross terms: 13 on lease and 4 month-to-month. Below-market rents and four vacant suites give a new owner room to raise income and reposition space toward medical and professional users as the RedBird healthcare district grows two miles south.

Highlights

Children’s Health Specialty Center RedBird. The 42,000 SF pediatric center broke ground in June 2026 and is slated to open in December 2027 with primary, urgent, behavioral and specialty care, including Andrews Institute orthopaedics and sports medicine.
Directly Across from Dallas Executive Airport. A 1,040-acre, City-owned general aviation airport with 600 developable acres. In 2026 the City approved an 87-room hotel there, its first nonaviation project in 30+ years.
Growing Medical Corridor. More than 230,000 SF of new healthcare space has been delivered or is under construction at RedBird, about 2 miles south, led by UT Southwestern, Parkland and Children’s Health.
Parkland C.V. Roman Health Center. A 40,000 SF, $10 million community health center at RedBird (2021), projected to handle 18,000 primary-care and 23,000 women’s-health visits a year.
Priced Below the Submarket. $100/SF, about 47% below the $189/SF Southwest Dallas average.
Significant Rent & NNN Upside. Rents run 40%+ below market ($12.24 vs. $21.79/SF). Converting gross leases to NNN at today’s rents lifts NOI to about $342,000, a 10.9% return on price.
UT Southwestern Medical Center at RedBird. A two-story, 150,000 SF regional outpatient center (opened 2022) offering primary care, cardiology, cancer care, infusion therapy and advanced imaging.