Sign Up Successful!
You now have access to more from Realmo!
    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

    750 North Texas Ave Webster, TX 77598

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class-A medical office space built in 2024, available for lease.

    We can help!

    Listing Contact
    Walker Pennington
    Source: Nmrk

    Listing Agent: Walker Pennington

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

    Learn more

    Overview

    Class-A Medical Office Space

    This is a Class-A medical office building constructed in 2024. The second floor offers 12,652 rentable square feet. An aggressive tenant improvement allowance is available. Parking is provided at a ratio of 5 spaces per 1,000 square feet. The first floor is occupied by Bayou City Dermatology. Building and monument signage opportunities are available. The estimated operating expenses are $10.00 per square foot.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Food Market Nail Salon Grocery & Convenience Store Gym & Fitness Center

    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
    -95.1363675
    Latitude
    29.5469603

    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
    • $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
    • $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
    • Contact for pricing
      1 SF

      Webster Retail Center - 1 SQFT

      Prime Webster location, high traffic area. Single tenant retail space.
      901 Nasa Pkwy, Webster, TX 77058
      View Details
    • Contact for pricing
      109,603 SF

      Clear Lake Medical Office Building

      Class A Medical Office Space Available
      250 Blossom St, Webster, TX 77598
      View Details
    • Contact for pricing
      72,569 SF

      Space Village: Flex Space for Lease

      South Houston Flex Space, Multiple Units Available
      16842 State Hwy 3, Webster, TX 77598
      View Details
    • $18 SF/Yr
      7,880 SF

      Renovated Office Space Available

      Multi-tenant office buildings in the NASA/Bay Area submarket.
      17625 El Camino Real, Webster, TX 77058
      View Details
    • Contact for pricing
      136,505 SF

      Bayway Village II: Retail Center

      High-traffic shopping center near Baybrook Mall
      20801 Gulf Fwy, Webster, TX 77598
      View Details
    • $28 SF/Yr
      5,536 SF

      Class A Office Space Available

      Premier Class A office building in Clear Lake marketplace.
      17225 El Camino Real, Webster, TX 77058
      View Details
    • $16 SF/Yr
      7,500 SF

      Webster Flex Space For Lease

      1,463 SF Flex Warehouse in Webster, TX
      12450 State Hwy 3, Webster, TX 77598
      View Details
    • Contact for pricing
      363,830 SF

      Baybrook Retail Center Opportunity

      High-traffic Webster, TX retail space.
      I-45 & Medical Ctr Blvd, Webster, TX 77598
      View Details
    • $8 SF/Yr
      32,000 SF

      Galveston Road Warehouse Space

      32,000 SF Warehouse for Lease
      12130 Galveston Rd, Webster, TX 77598
      View Details

    FAQs

    What type of property is this?
    Medical office - Class-A medical office space built in 2024, available for lease.
    Where is this medical office located?
    The property is located at 750 North Texas Ave Webster, TX.
    What are key features of this property?
    This property features: - Class-A Medical Office Building built in 2024; - 12,652 RSF available on the Second Floor; - Aggressive Tenant Improvement Allowance
    (832) 978-4271
    Request Owner's contact information
    750 North Texas Ave 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.
    750 North Texas Ave
    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
    750 North Texas Ave 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
    Walker Pennington
    (832) 978-4271
    Learn more
    Google sign-in failed. Please try again or use another login method.