Healthcare Investment Property For
101 Professional Park Dr, Victoria, TX
For Sale
Contact for pricing
Single tenant healthcare investment property with a new 10-year lease.
Property Size2,150 SF
Lot Size0.33 Acres
Price / SF$314.95
Days on Market988
Property Features for 101 Professional Park Dr
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Matthews Real Estate Investment Services
(866) 889-0550
Listed By:
Antonio Diona · License CA #02037030
(818) 923-6366
Source:
Moodyscre
Added: Feb 27, 2024
Changed: Nov 10
Last Checked: Nov 10 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services
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Investment Insights
Based on property information with market context.
This single tenant healthcare investment property features a recently executed 10-year NNN lease with two, 5-year options to extend. The lease provides long-term security with an established healthcare tenant. The NNN lease structure offers minimal landlord responsibilities throughout the lease term, making it a passive investment opportunity. Community Dental Partners executed a 10-year NNN lease at this location in 2022, demonstrating their commitment to the site. The property is suitable for local and national investors.
Key Highlights
- New 10‑Year NNN Lease
- Established Healthcare Tenant
- Minimal Landlord Responsibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,963
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,260
$719.3K
Cap Rate 7%
$513,757
$513.8K
Cap Rate 9%
$399,589
$399.6K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$66.0K $30.72/SF
− Vacancy
−$18.1K −$8.42/SF
EGI
$48.0K $22.30/SF
− OpEx
−$12.0K −$5.58/SF
NOI
$36.0K $16.73/SF
Area
Victoria County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,260
Cap Rate 7%
$513,757
Cap Rate 9%
$399,589
Alternative Uses
Best Use
Office B
$513.8K
$449.5K – $599.4K
NOI $35,963 @ 7.0% cap · market cap 5.31%
Second Best
Healthcare Medical
$486.5K
$425.7K – $567.6K
NOI $34,056 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,942 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
661
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Balanced
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- VCA Victoria Animal Hospital — 1502 e mockingbird ln, victoria, tx 77904
- Warren Carol DVM — 2706 Sam Houston Dr, Victoria, TX 77904
- Schomburg Arthur B DVM — 2706 Sam Houston Dr, Victoria, TX 77904
- Animal Healthcare of Texas PC — 2706 Sam Houston Dr, Victoria, TX 77904
- Victoria Veterinary Med Center — 2706 sam houston dr, victoria, tx 77904
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single tenant healthcare investment property with a new 10-year lease.
Where is this medical office space located?
The property is located at 101 Professional Park Dr Victoria, TX.
What is the asking price?
The asking price for this property is $677,143.
What are key features of this property?
This property features: New 10‑Year NNN Lease; Established Healthcare Tenant; Minimal Landlord Responsibilities
