Medical Office Space
For Sale
Contact for pricing
11734 FM 1960, Houston, TX 77065
1,166 SF medical office with separate entrances.
Property Size1,166 SF
Price / SF$266.55
Days on Market476
Property Features for 11734 FM 1960
General Information
Standard status
Active
Size
1,166 SF
Property subtype
Office
Investment Type
Owner/User
Listing Agency:
Marathon Realty Advisors LLC
Listed By:
Steve Dome · License #TX 527166
Source:
Crexi
Added: Apr 25, 2025
Changed: Aug 9
Last Checked: Aug 12 at 3:34PM
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 Marathon Realty Advisors LLC
Investment Insights
Based on property information with market context.
This commercial property offers a ~1,166 square foot unit suitable for medical office use, available for immediate occupancy. The layout includes separate entrances for doctors and patients, enhancing privacy and workflow. It features four exam rooms, each equipped with sinks, along with a dedicated X-ray room. A nurse's station, complete with a sink, supports efficient patient care. The suite also includes a waiting area, an administrative/check-in area, a large restroom, and a storage/multi-use room.
Key Highlights
- Immediate occupancy available.
- Equipped for medical practice: 4 exam rooms with sinks, X‑ray room, nurse's station with sink.
- Separate entrances for doctor and patients.
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
$15,867
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
5.11%
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%
$317,340
$317.3K
Cap Rate 7%
$226,671
$226.7K
Cap Rate 9%
$176,300
$176.3K
Market Conditions
NOI Build-Up for 1,166 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
$29.4K $25.20/SF
− Vacancy
−$2.9K −$2.52/SF
EGI
$26.4K $22.68/SF
− OpEx
−$10.6K −$9.07/SF
NOI
$15.9K $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%
$317,340
Cap Rate 7%
$226,671
Cap Rate 9%
$176,300
Alternative Uses
Best Use
Healthcare Medical
$226.7K
$198.3K – $264.5K
NOI $15,867 @ 7.0% cap · market cap 5.11%
Second Best
Office B
$194.3K
$170.0K – $226.7K
NOI $13,600 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$299.8K
$262.4K – $349.8K
NOI $20,988 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77065, TX
37,144
Population
17,110
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
89%
High-School Grad
8.2 sq mi
ZIP Area
4,530
Density / Sq Mi
$75,496
Median Household Income
$44,334
Median Earnings
$1,371
Median Rent
$257,800
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
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Similar Off Market Nearby
- VetIQ Petcare — 12353 Farm to Market 1960 Rd W, Houston, TX 77065
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- Thrive Pet Healthcare - Eldridge — 12341 Farm to Market 1960 Rd W Suite C, Houston, TX 77065
Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,166 SF medical office with separate entrances.
Where is this medical office space located?
The property is located at 11734 FM 1960 Houston, TX.
What is the asking price?
The asking price for this property is $310,800.
What are key features of this property?
This property features: Immediate occupancy available.; Equipped for medical practice: **4 exam rooms with sinks, X‑ray room, nurse's station with sink.**; Separate entrances for doctor and patients.
