Renovated Medical Office
10611 W Fairmont Parkway, La Porte, TX 77571
For Sale
Contact for pricing
A freestanding clinic property offers dedicated entry, signage, and on-site parking along Fairmont Parkway.
Property Size3,275 SF
Lot Size0.67 Acres
Price / SF$243.97
Days on Market43
Property Features for 10611 W Fairmont Parkway
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Condition
Road Access
Property Use
Building Details
Year Renovated
Buildings
Building Size
Tenancy
Parking Ratio
Owner Occupied
Listing Agency:
Partners - Austin
Listed By:
Ryan McCullough, SIOR · License TX #742422
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 10 at 8:25AM
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
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Investment Insights
Based on property information with market context.
This freestanding medical office property contains 3,275 square feet on a 0.67-acre site. Substantial building improvements were completed in 2023, and the layout is configured for clinic use. Dedicated entry, signage, and parking serve the building.
The property fronts Fairmont Parkway in La Porte, Texas, where the reported traffic volume is 34,432 vehicles per day. Its location along the corridor places the building directly on the roadway.
The property fronts Fairmont Parkway in La Porte, Texas, where the reported traffic volume is 34,432 vehicles per day. Its location along the corridor places the building directly on the roadway.
Key Highlights
- 3,275 square feet on 0.67 acres
- Building improvements completed in 2023
- Direct frontage on Fairmont Parkway in La Porte
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,491
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,820
$1.0M
Cap Rate 7%
$735,586
$735.6K
Cap Rate 9%
$572,122
$572.1K
Market Conditions
NOI Build-Up for 3,275 SF
Gross rent
$100.6K $30.72/SF
− Vacancy
−$14.8K −$4.52/SF
EGI
$85.8K $26.20/SF
− OpEx
−$34.3K −$10.48/SF
NOI
$51.5K $15.72/SF
Area
Harris County, TX
Vacancy
14.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,820
Cap Rate 7%
$735,586
Cap Rate 9%
$572,122
Alternative Uses
Best Use
Healthcare Medical
$735.6K
$643.6K – $858.2K
NOI $51,491 @ 7.0% cap · market cap 6.44%
Second Best
Office B
$612.8K
$536.2K – $715.0K
NOI $42,897 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$894.2K
$782.5K – $1.04M
NOI $62,597 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77571, TX
37,018
Population
14,428
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
37.1 sq mi
ZIP Area
998
Density / Sq Mi
$83,795
Median Household Income
$50,441
Median Earnings
$1,328
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Harris County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A freestanding clinic property offers dedicated entry, signage, and on-site parking along Fairmont Parkway.
Where is this medical office space located?
The property is located at 10611 W Fairmont Parkway La Porte, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,275 square feet on 0.67 acres; Building improvements completed in 2023; Direct frontage on Fairmont Parkway in La Porte
