New Office Condo For
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13803 Madera Run Pkwy, Humble, TX 77341
New 1,225 SF office condo for medical or professional use.
Property Size1,225 SF
Price / SF$273.82
Days on Market540
Property Features for 13803 Madera Run Pkwy
General Information
Standard status
Active
Size
1,225 SF
Class
B
Total Parking Spaces
4
Property subtype
Industrial, Office, Retail
Lease Type
NNN
Building Details
Year Built
2025
Units
2
Tenancy
Multi
Listing Agency:
Aspire Commercial
Listed By:
Jared Starnes · License #827721
Source:
Crexi
Added: Feb 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 Aspire Commercial
Investment Insights
Based on property information with market context.
This is a brand new office condo community currently under construction. Units of 1,225 square feet are available for sale, suitable for medical or professional use. The property features a single-story layout with private front-door entrances and surface parking. The units are fully built out with high-end finishes. The exterior is fully landscaped and maintained as part of a Community Management Association. The construction utilizes energy-efficient materials, and the property includes commercial-grade windows and doors.
Key Highlights
- Brand new, move‑in ready office condo (built 2025).
- 1,225 SF unit suitable for medical or professional use.
- Enjoy high‑end finishes throughout the unit.
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
$19,260
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
5.74%
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%
$385,200
$385.2K
Cap Rate 7%
$275,143
$275.1K
Cap Rate 9%
$214,000
$214.0K
Market Conditions
NOI Build-Up for 1,225 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
$37.6K $30.72/SF
− Vacancy
−$5.5K −$4.52/SF
EGI
$32.1K $26.20/SF
− OpEx
−$12.8K −$10.48/SF
NOI
$19.3K $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 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%
$385,200
Cap Rate 7%
$275,143
Cap Rate 9%
$214,000
Alternative Uses
Best Use
Healthcare Medical
$275.1K
$240.8K – $321.0K
NOI $19,260 @ 7.0% cap · market cap 5.74%
Second Best
Office B
$229.2K
$200.6K – $267.4K
NOI $16,045 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$334.5K
$292.7K – $390.2K
NOI $23,414 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
955
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - New 1,225 SF office condo for medical or professional use.
Where is this medical office space located?
The property is located at 13803 Madera Run Pkwy Humble, TX.
What is the asking price?
The asking price for this property is $335,425.
What are key features of this property?
This property features: Brand new, move‑in ready office condo (built 2025).; 1,225 SF unit suitable for medical or professional use.; Enjoy **high‑end finishes throughout the unit.**
