Two-Story Medical Office
For Sale
Contact for pricing
11721 Fuqua St, Houston, TX 77034
Two-story medical office building with a ground-floor tenant on a new 5-year NNN lease.
Property Size10,268 SF
Price / SF$146.08
Days on Market155
Property Features for 11721 Fuqua St
General Information
Standard status
Active
Size
10,268 SF
Class
B
Property subtype
Office
Occupancy
69%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$161,184
Additional Details
Business Included
Yes
Building Details
Year Built
2008
Stories
2
Tenancy
Multi
Listing Agency:
Partners - Austin
Listed By:
Ryan McCullough, SIOR · License #TX 742422
Source:
Crexi
Added: May 21
Changed: Oct 16
Last Checked: Oct 20 at 8:30PM
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.
11721 Fuqua Street is a 10,268-square-foot, two-story medical office building offered for sale as a sale leaseback. South Belt Medical Clinic, the founding and only tenant since 2008, occupies 7,066 square feet on the ground floor. The tenant is on a new 5-year NNN lease reimbursing 100% of property expenses.
The second floor totals 3,202 square feet and is currently in shell condition, making it available for an owner-user or a new tenant. The building’s current occupancy provides a fully stabilized, in-place return while the upstairs space can be fitted for future use.
The second floor totals 3,202 square feet and is currently in shell condition, making it available for an owner-user or a new tenant. The building’s current occupancy provides a fully stabilized, in-place return while the upstairs space can be fitted for future use.
Key Highlights
- 10,268‑SF, two‑story medical office building in Southeast Houston, built in 2008
- Sale‑leaseback with South Belt Medical Clinic, the founding and only tenant since 2008
- South Belt occupies 7,066‑SF ground floor on a new 5‑year NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,766
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,320
$2.4M
Cap Rate 7%
$1,710,943
$1.7M
Cap Rate 9%
$1,330,733
$1.3M
Market Conditions
NOI Build-Up for 10,268 SF
Gross rent
$221.8K $21.60/SF
− Vacancy
−$62.1K −$6.05/SF
EGI
$159.7K $15.55/SF
− OpEx
−$39.9K −$3.89/SF
NOI
$119.8K $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 Rate 5%
$2,395,320
Cap Rate 7%
$1,710,943
Cap Rate 9%
$1,330,733
Alternative Uses
Best Use
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,727 @ 7.0% cap · market cap 9.32%
Second Best
Office B
$1.71M
$1.50M – $2.00M
NOI $119,766 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,824 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
880
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77034, TX
38,186
Population
14,188
Households
2.7
Avg Household Size
31
Median Age
13%
College-Educated
70%
High-School Grad
14.2 sq mi
ZIP Area
2,689
Density / Sq Mi
$59,516
Median Household Income
$35,127
Median Earnings
$1,178
Median Rent
$178,100
Median Home Value
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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 - Two-story medical office building with a ground-floor tenant on a new 5-year NNN lease.
Where is this medical office space located?
The property is located at 11721 Fuqua St Houston, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,268‑SF, two‑story medical office building in Southeast Houston, built in 2008; Sale‑leaseback with South Belt Medical Clinic, the founding and only tenant since 2008; South Belt occupies 7,066‑SF ground floor on a new 5‑year NNN lease
