Medical Office in Healthcare
For Sale
Contact for pricing
101 S John Redditt Dr, Lufkin, TX 75904
Medical office space for sale in premier healthcare corridor.
Property Size8,066 SF
Price / SF$371.93
Days on Market149
Property Features for 101 S John Redditt Dr
General Information
Standard status
Active
Size
8,066 SF
Property subtype
Office
Building Details
Year Built
2016
Buildings
1
Stories
1
Listing Agency:
Partners - Austin
Listed By:
Sean Anderson · License #TX 712420
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 11 at 2:44PM
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 Partners - Austin
Investment Insights
Based on property information with market context.
This commercial property, located in a premier healthcare corridor, offers 8,066 square feet of space suitable for medical office or general office use. The property's location provides broad medical versatility, making it an attractive option for healthcare providers.
Key Highlights
- Premier healthcare corridor location
- Broad medical versatility
- Year built: 2016
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
$104,352
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
3.48%
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%
$2,087,040
$2.1M
Cap Rate 7%
$1,490,743
$1.5M
Cap Rate 9%
$1,159,467
$1.2M
Market Conditions
NOI Build-Up for 8,066 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
$191.6K $23.76/SF
− Vacancy
−$52.5K −$6.51/SF
EGI
$139.1K $17.25/SF
− OpEx
−$34.8K −$4.31/SF
NOI
$104.4K $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%
$2,087,040
Cap Rate 7%
$1,490,743
Cap Rate 9%
$1,159,467
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,352 @ 7.0% cap · market cap 3.48%
Second Best
Healthcare Medical
$899.5K
$787.0K – $1.05M
NOI $62,962 @ 7.0% cap · market cap 2.10%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,129 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
204
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
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
- Southern Haven Vet Clinic — 612 Largent St, Lufkin, TX 75904
- West Loop Animal Clinic — 2517 Ted Trout Dr, Lufkin, TX 75904
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space for sale in premier healthcare corridor.
Where is this medical office space located?
The property is located at 101 S John Redditt Dr Lufkin, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Premier healthcare corridor location; Broad medical versatility; Year built: 2016
