Move-In-Ready Medical Office
215 Oak Dr S Lake Jackson, TX 77566
For Sale
$825,000
Fully equipped medical office suite in a Lake Jackson medical office park with direct Highway 288 access.
Property Size3,337 SF
Price / SF$247.23
Days on Market27
Property Features for 215 Oak Dr S
General Information
- Standard status
- Active
- Size
- 3,337 SF
- Property subtype
- Office Medical
Building Details
- Year Built
- 1993
Listing Agency:
(713) 452-4370
Listed By:
Preston Williams · License #License(s): TX: 839673
(713) 452-4370
Source:
Marcusmillichap
Added: Jun 28
Changed: Jul 10
Last Checked: Jul 24 at 4:39AM
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 Preston Williams
Investment Insights
Based on property information with market context.
This fully equipped, move-in-ready medical office suite is offered as 215 Oak Drive South, Suite J. Spanning 3,337 square feet, the interior is positioned to support medical practice use with a configuration tailored for surgical, plastic surgery, and multi-specialty family medicine services.
The property sits within an established medical office park in Lake Jackson, Texas, and is directly adjacent to St. Luke's Hospital, Lake Jackson. The setting is designed to serve patients, with ample parking and easy accessibility for an office environment focused on healthcare delivery. The location also provides direct access to Highway 288, supporting convenient reach throughout Brazoria County and the greater Houston metropolitan area.
For healthcare providers looking to establish or relocate a practice, this suite offers an immediate path to occupancy thanks to its move-in-ready condition and existing medical office setup. Its hospital-adjacent positioning and suitability for surgical and multi-specialty family medicine make it a practical fit for practices that benefit from being closely integrated with an operating hospital environment.
The property sits within an established medical office park in Lake Jackson, Texas, and is directly adjacent to St. Luke's Hospital, Lake Jackson. The setting is designed to serve patients, with ample parking and easy accessibility for an office environment focused on healthcare delivery. The location also provides direct access to Highway 288, supporting convenient reach throughout Brazoria County and the greater Houston metropolitan area.
For healthcare providers looking to establish or relocate a practice, this suite offers an immediate path to occupancy thanks to its move-in-ready condition and existing medical office setup. Its hospital-adjacent positioning and suitability for surgical and multi-specialty family medicine make it a practical fit for practices that benefit from being closely integrated with an operating hospital environment.
Key Highlights
- 3,337 SF fully equipped, move‑in‑ready medical office suite in a Lake Jackson medical office park
- Year built 1993
- Designed for surgical, plastic surgery, and multi‑specialty family medicine practices
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.9k | $29.64 |
| − Vacancy | −$24.6k | −$7.38 |
| EGI | $74.3k | $22.26 |
| − OpEx | −$18.6k | −$5.56 |
| NOI | $55.7k | $16.69 |
3,337 SF · lease $29.64/SF/yr · vacancy 24.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$795.9K
$696.4K – $928.5K
NOI $55,710 @ 7.0% cap · market cap 6.75%
Second Best
Healthcare Medical
$637.9K
$558.2K – $744.3K
NOI $44,655 @ 7.0% cap · market cap 5.41%
Theoretical Best
Multifamily LT 5
$41.57M
$36.37M – $48.50M
NOI $2,909,960 @ 7.0% cap · market cap 352.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - Fully equipped medical office suite in a Lake Jackson medical office park with direct Highway 288 access.
Where is this medical office space located?
The property is located at 215 Oak Dr S Lake Jackson, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,337 SF fully equipped, move‑in‑ready medical office suite in a Lake Jackson medical office park; Year built 1993; Designed for surgical, plastic surgery, and multi‑specialty family medicine practices
