Single-Tenant Medical Office
12101 Grant Road, Cypress, TX 77429
For Sale
Contact for pricing
The building is fully leased under a triple-net agreement with annual rent increases and renewal options.
Property Size9,230 SF
Price / SF$327.74
Days on Market56
Property Features for 12101 Grant Road
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Asking Price
Cap Rate
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Partners - Austin
Listed By:
Ryan McCullough, SIOR · License TX #742422
Source:
Crexi
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 12 at 8:13AM
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.
This 9,230-square-foot medical office property in Cypress is occupied by Action Behavior Centers under a single-tenant lease. The tenant has extended its commitment for seven years, through July 2034, with annual increases of 2.5% and two additional five-year renewal options.
The lease is structured as NNN, with operating costs reimbursed by the tenant. The property is located at 12101 Grant Road.
The lease is structured as NNN, with operating costs reimbursed by the tenant. The property is located at 12101 Grant Road.
Key Highlights
- 9,230‑square‑foot medical office building leased to Action Behavior Centers
- Seven‑year lease extension runs through July 2034
- Annual rent increases of 2.5%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,119
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,902,380
$2.9M
Cap Rate 7%
$2,073,129
$2.1M
Cap Rate 9%
$1,612,433
$1.6M
Market Conditions
NOI Build-Up for 9,230 SF
Gross rent
$283.5K $30.72/SF
− Vacancy
−$41.7K −$4.52/SF
EGI
$241.9K $26.20/SF
− OpEx
−$96.7K −$10.48/SF
NOI
$145.1K $15.72/SF
Area
Harris County, TX
Vacancy
14.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,902,380
Cap Rate 7%
$2,073,129
Cap Rate 9%
$1,612,433
Alternative Uses
Best Use
Healthcare Medical
$2.07M
$1.81M – $2.42M
NOI $145,119 @ 7.0% cap · market cap 4.80%
Second Best
Office B
$1.73M
$1.51M – $2.01M
NOI $120,897 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,419 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Harris County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Glenwood Falls Animal Hospital: Rogers Erin DVM — 12850 Grant Rd, Cypress, TX 77429
- Glenwood Falls Animal Hospital — 12850 Grant Rd, Cypress, TX 77429
Frequently Asked Questions
What type of property is this?
Medical Office Space - The building is fully leased under a triple-net agreement with annual rent increases and renewal options.
Where is this medical office space located?
The property is located at 12101 Grant Road Cypress, TX.
What is the asking price?
The asking price for this property is $3,025,000.
What are key features of this property?
This property features: 9,230‑square‑foot medical office building leased to Action Behavior Centers; Seven‑year lease extension runs through July 2034; Annual rent increases of 2.5%
