Medical Office
For Sale
$998,000
203 Christie Street, Lufkin, TX 75904
Commercial Sale, Lufkin, TX
Property Size4,860 SF
Lot Size0.92 Acres
Price / SF$205.35
Days on Market18
Property Features for 203 Christie Street
General Information
Property type
Commercial Sale
Property subtype
Other
Elementary school district
Lufkin
Middle school district
Lufkin
High school district
Lufkin
Subdivision
Angelina
Standard status
Active
Lot size
0.92 Acres
Building Details
Year built
2014
Listing Agency:
GANN MEDFORD Real Estate, Inc.
(936) 634-8888
Listed By:
Cindy Pierce · License #298618
(936) 414-2174
Added: Sep 9
Changed: Sep 25
Last Checked: Sep 26 at 12:06AM
MLS# 70015128
Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 203 Christie Street in Lufkin, this 4,860-square-foot property has a medical-office configuration and was built in 2014. The existing layout can accommodate continued medical use or adaptation for another compatible professional purpose.
The building sits on a 0.92-acre parcel in Lufkin, Texas, and is addressed at 203 Christie Street, Lufkin, TX 75904.
The building sits on a 0.92-acre parcel in Lufkin, Texas, and is addressed at 203 Christie Street, Lufkin, TX 75904.
Key Highlights
- 4,860‑square‑foot medical office property
- 0.92‑acre parcel
- Built in 2014
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,875
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,257,500
$1.3M
Cap Rate 7%
$898,214
$898.2K
Cap Rate 9%
$698,611
$698.6K
Market Conditions
NOI Build-Up for 4,860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$115.5K $23.76/SF
− Vacancy
−$31.6K −$6.51/SF
EGI
$83.8K $17.25/SF
− OpEx
−$21.0K −$4.31/SF
NOI
$62.9K $12.94/SF
Area
Angelina County, TX
Vacancy
27.40%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,257,500
Cap Rate 7%
$898,214
Cap Rate 9%
$698,611
Alternative Uses
Best Use
Office B
$898.2K
$785.9K – $1.05M
NOI $62,875 @ 7.0% cap · market cap 6.30%
Second Best
Healthcare Medical
$541.9K
$474.2K – $632.3K
NOI $37,936 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,880 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75904, TX
34,680
Population
14,829
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
88%
High-School Grad
160.5 sq mi
ZIP Area
216
Density / Sq Mi
$59,325
Median Household Income
$36,711
Median Earnings
$1,086
Median Rent
$173,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing layout can support healthcare operations or conversion to another professional office use.
Where is this medical office space located?
The property is located at 203 Christie Street Lufkin, TX.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 4,860‑square‑foot medical office property; 0.92‑acre parcel; Built in 2014
