Freestanding Medical/Professional Office
For Sale
Contact for pricing
Pending
10830 Grant Rd, Houston, TX 77070
Veterinary clinic with redesign potential in Cypress/290 area.
Property Size2,853 SF
Days on Market173
Property Features for 10830 Grant Rd
General Information
Standard status
Pending
Size
2,853 SF
Property subtype
Office
Building Details
Year Built
1978
Year Renovated
2010
Buildings
1
Stories
1
Listing Agency:
Revillo Real Estate
Listed By:
Tammy Canon · License #TX 662393
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Jul 24 at 4:57PM
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 Revillo Real Estate
Investment Insights
Based on property information with market context.
This freestanding medical/professional office building, currently operating as a longstanding veterinary clinic, is located in the Cypress/290 area. The 2,853 square foot property features a large waiting room with skylights, a reception area, and a restroom. It includes three treatment rooms, each equipped with sinks, and one with a lift table. The structure also accommodates an operating room, radiology area, kennel area, grooming area, a full-size bathroom with a shower for personnel, a lab area, a laundry area, an isolation area, a break room, and two offices. The property's layout and features offer viable potential for multiple uses with redesign. The location provides work/life balance, situated across Grant Road from Matzke Park, which offers family-friendly amenities such as a playground, butterfly garden, cricket field, and paved trails for walking and biking. Numerous restaurants are located in the area.
Key Highlights
- Freestanding medical/professional office building, currently operating as a Veterinary Clinic.
- Optimal location across from Matzke Park, offering work/life balance with family‑friendly amenities and trails.
- Equipped with specialized areas including treatment rooms (with sinks, one with lift table), OR, Radiology, Kennel, Grooming, Isolation, and Lab areas.
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
$33,277
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
8.34%
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%
$665,540
$665.5K
Cap Rate 7%
$475,386
$475.4K
Cap Rate 9%
$369,744
$369.7K
Market Conditions
NOI Build-Up for 2,853 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
$61.6K $21.60/SF
− Vacancy
−$17.3K −$6.05/SF
EGI
$44.4K $15.55/SF
− OpEx
−$11.1K −$3.89/SF
NOI
$33.3K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /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%
$665,540
Cap Rate 7%
$475,386
Cap Rate 9%
$369,744
Alternative Uses
Best Use
Healthcare Medical
$554.6K
$485.3K – $647.1K
NOI $38,824 @ 7.0% cap · market cap 9.73%
Second Best
Office B
$475.4K
$416.0K – $554.6K
NOI $33,277 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$733.6K
$641.9K – $855.9K
NOI $51,354 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,710
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77070, TX
52,943
Population
23,272
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
4,073
Density / Sq Mi
$72,440
Median Household Income
$44,073
Median Earnings
$1,571
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Grant Road Animal Clinic — 10830 Grant Rd, Houston, TX 77070
- Tracy Animal Hospital — 11500 Grant Rd, Cypress, TX 77429
- Equine Medicine Billing — 10605 Grant Rd, Houston, TX 77070
Frequently Asked Questions
What type of property is this?
Medical Office Space - Veterinary clinic with redesign potential in Cypress/290 area.
Where is this medical office space located?
The property is located at 10830 Grant Rd Houston, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Freestanding medical/professional office building, currently operating as a Veterinary Clinic.; Optimal location across from Matzke Park, offering work/life balance with family‑friendly amenities and trails.; Equipped with specialized areas including treatment rooms (with sinks, one with lift table), OR, Radiology, Kennel, Grooming, Isolation, and Lab areas.
