Two-Story Medical Office
11721 Fuqua St Houston, TX 77034
11721 Fuqua St, Houston, TX, 77034
Contact for pricing
For Sale
Contact for pricing
Two-story medical office building with a ground-floor tenant on a new 5-year NNN lease.
Property Size10,268 SF
Price / SF$223
Days on Market62
Property Features for 11721 Fuqua St
General Information
- Standard status
- Active
- Size
- 10,268 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
Partners - Austin
Listed by
Ryan McCullough, SIOR · License #TX 742422
Source
Crexi
Added: May 21 Updated: Jul 20 at 9:45PM Checked: Jul 20 at 9:45PM
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.
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
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.8k | $25.20 |
| − Vacancy | −$25.9k | −$2.52 |
| EGI | $232.9k | $22.68 |
| − OpEx | −$93.2k | −$9.07 |
| NOI | $139.7k | $13.61 |
10,268 SF · lease $25.20/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.00M
$1.75M – $2.33M
NOI $139,727 @ 7.0% cap · market cap 6.08%
Second Best
Office B
$1.71M
$1.50M – $2.00M
NOI $119,766 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,824 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Michael L. Markowitz, ...
Physician
Gopalakrishnan T MD
Physician
Dr. Thandavarajan Gopalakrishnan
Physician
Subhadra Bandhakavi
Physician
South Belt Medical ...
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Bay Area Veterinary Specialists — 12855 gulf fwy, houston, tx 77034
- MedVet Houston Bay Area — 12855 Gulf Fwy, Houston, TX 77034
- Gulf Coast Animal Eye Clinic — 12855 Gulf Fwy, Houston, TX 77034
FAQs
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 $2,300,000.
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
