Healthcare Investment Property For
For Sale
Contact for pricing
101 Professional Park Dr, Victoria, TX
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 Market892
Property Features for 101 Professional Park Dr
General Information
Standard status
Active
Size
2,150 SF
Lot size
0.33 Acres
Property subtype
OFFICE
Listing Agency:
Matthews Real Estate Investment Services
(818) 923-6366
Listed By:
Antonio Diona
Source:
Moodyscre
Added: Feb 27, 2024
Changed: Jul 6
Last Checked: Jul 21 at 7:04AM
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
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 = 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
$35,963
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
5.31%
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%
$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
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
$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 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%
$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
Multifamily LT 5
$23.62M
$20.67M – $27.56M
NOI $1,653,400 @ 7.0% cap · market cap 244.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Schomburg Arthur B DVM — 2706 Sam Houston Dr, Victoria, TX 77904
- Animal Healthcare of Texas PC — 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
