Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    251 Medical Center Blvd Webster, TX 77598

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A medical office building in Webster's Medical Center.

    Property size:
    2,032 SF
    Lot size:
    2,032 SF

    Property Features for 251 Medical Center Blvd

    General Information

    Standard status
    Active
    Size
    2,032 SF

    We can help!

    Listing Contact
    Lane Kane
    Source: Cbre

    Listing Agent: Lane Kane

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Building in Webster

    This Class A medical office building, located in the heart of Webster's Medical Center, offers 46,562 square feet of space across three stories. The property is suitable for medical offices and healthcare-related uses. The property size is 2,032 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Neighborhood Veterinary Centers, UrgentVet, Neighborhood Veterinary Centers - NASA

    Location Insight

    • Map
    • Local Demand
    City
    Webster
    County
    Harris
    State
    Texas
    Longitude
    -95.12387
    Latitude
    29.541776

    Nearby Similar for Lease

    • $7,500 /Mo
      36,982 SF

      Full-Service Car Wash for Lease

      Car wash with detailing and membership options near NASA Parkway.
      810 E Nasa Pkwy, Webster, TX 77598
      View Details
    • $17 SF/Yr

      Clear Lake Retail/Office Space

      Retail, office, and medical spaces available in Clear Lake.
      16912-17080 Highway 3, Webster, TX 77598
      View Details
    • $18 SF/Yr

      Webster Pointe Retail Center For Lease

      Newly renovated retail center near major employers and high-traffic location.
      17926 Highway 3, Webster, TX 77598
      View Details
    • Contact for pricing

      Class A Office Building

      Premier office space in Clear Lake near Gulf Freeway.
      455 East Medical Center Blvd, Webster, TX 77598
      View Details
    • $24 SF/Yr

      New Clear Lake Office Building

      Newly constructed office building in NASA Bypass Business Park.
      229 Ibis St, Webster, TX 77598
      View Details
    • $1.35 SF/Yr

      Freestanding Flex Building in Webster

      New flex building with office and climatized warehouse space.
      220 Ibis St, Webster, TX 77598
      View Details
    • $15 SF/Yr

      Clear Lake Flex Space Available

      3,266 SF flex space in the heart of Clear Lake.
      402 West Nasa Rd 1, Webster, TX 77598
      View Details
    • $24 SF/Yr

      Professional Office Space in Webster

      Professional office space in Clear Lake Medical Center.
      202 North Texas Ave, Webster, TX 77598
      View Details
    • $23 SF/Yr

      Retail Plaza Near Space Center

      Retail spaces with high visibility and convenient highway access.
      505 E Nasa Pkwy, Webster, TX 77598
      View Details
    • $1.25 SF/Yr

      New Flex Space in Webster

      Newly constructed flex space available for rent in Webster, Texas.
      1419 Atlantis Dr, Webster, TX 77598
      View Details
    • $19 SF/Yr
      1,199 SF

      Class A Office Space Available

      High-quality office space near Clear Lake Medical Center and NASA.
      455 East Medical Center Blvd, Webster, TX 77598
      View Details
    • $26 SF/Yr
      2,000 SF

      Renovated Medical Office Space

      2,000 SF renovated medical office space for lease.
      560 Blossom St, Webster, TX 77598
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office building in Webster's Medical Center.
    Where is this medical office space located?
    The property is located at 251 Medical Center Blvd Webster, TX.
    What are key features of this property?
    This property features: - Class A Medical Office Building; - Boasting 46,562 SF; - 3-story building
    (904) 305-7633
    Request Owner's contact information
    251 Medical Center Blvd Webster, TX 77598
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    251 Medical Center Blvd
    Webster, TX 77598
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    251 Medical Center Blvd Webster, TX 77598
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lane Kane
    (904) 305-7633 (713) 577-1681
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!