Turnkey Medical Office
For Sale
Contact for pricing
1125 Cypress Station Drive, Houston, TX 77090
Move-in-ready medical office condo with multiple exam rooms, private offices, and a clinical reception area.
Property Size3,600 SF
Price / SF$220.83
Days on Market234
Property Features for 1125 Cypress Station Drive
General Information
Standard status
Active
Size
3,600 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
2007
Listing Agency:
Commercial Advisors Group, RE/MAX Integrity
(832) 560-2100
Listed By:
Patrick Buckhoff, CCIM · License #9005284
(281) 686-9445
Source:
Moodyscre
Added: Jan 19
Changed: Sep 4
Last Checked: Sep 10 at 1:08PM
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 Commercial Advisors Group, RE/MAX Integrity
Investment Insights
Based on property information with market context.
Building E is a turnkey 3,600 SF medical office condominium constructed in 2006–2007 and maintained in excellent condition. The space includes a high-quality medical build-out with private offices, multiple exam rooms, and a functional reception/waiting area, along with dedicated clinical support zones. The layout is designed to support immediate occupancy while helping minimize tenant improvement needs.
The property is located within the FM 1960/I-45 North medical cluster, with convenient access to FM 1960, I-45, and the Hardy Toll Road. It is minutes from HCA Houston Healthcare Northwest and a short drive to Houston Methodist Willowbrook.
A key feature is the property’s heavy electrical capacity, which can support imaging, diagnostics, and equipment-intensive specialty uses. The condo ownership structure also supports low-maintenance operation for an owner-user.
The property is located within the FM 1960/I-45 North medical cluster, with convenient access to FM 1960, I-45, and the Hardy Toll Road. It is minutes from HCA Houston Healthcare Northwest and a short drive to Houston Methodist Willowbrook.
A key feature is the property’s heavy electrical capacity, which can support imaging, diagnostics, and equipment-intensive specialty uses. The condo ownership structure also supports low-maintenance operation for an owner-user.
Key Highlights
- 3,600 SF specialty medical office condominium (Units E1–E4) with move‑in‑ready clinical build‑out
- Multiple exam rooms, private offices, and a reception/waiting area with dedicated clinical support zones
- Built in 2006–2007 with modern construction and maintained in excellent condition
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
$48,989
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
6.16%
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%
$979,780
$979.8K
Cap Rate 7%
$699,843
$699.8K
Cap Rate 9%
$544,322
$544.3K
Market Conditions
NOI Build-Up for 3,600 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
$90.7K $25.20/SF
− Vacancy
−$9.1K −$2.52/SF
EGI
$81.6K $22.68/SF
− OpEx
−$32.7K −$9.07/SF
NOI
$49.0K $13.61/SF
Area
Houston, TX
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$979,780
Cap Rate 7%
$699,843
Cap Rate 9%
$544,322
Alternative Uses
Best Use
Healthcare Medical
$699.8K
$612.4K – $816.5K
NOI $48,989 @ 7.0% cap · market cap 6.16%
Second Best
Office B
$599.9K
$524.9K – $699.8K
NOI $41,990 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$925.7K
$810.0K – $1.08M
NOI $64,800 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,122
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77090, TX
42,285
Population
19,076
Households
2.2
Avg Household Size
30
Median Age
25%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,917
Density / Sq Mi
$48,196
Median Household Income
$35,936
Median Earnings
$1,228
Median Rent
$235,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Move-in-ready medical office condo with multiple exam rooms, private offices, and a clinical reception area.
Where is this medical office space located?
The property is located at 1125 Cypress Station Drive Houston, TX.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,600 SF specialty medical office condominium (Units E1–E4) with move‑in‑ready clinical build‑out; Multiple exam rooms, private offices, and a reception/waiting area with dedicated clinical support zones; Built in 2006–2007 with modern construction and maintained in excellent condition
