Medical Center with Waiting
For Sale
Contact for pricing
2133 Lockwood Dr, Houston, TX 77020
Former dialysis center offering a waiting room, multiple exam offices, and convenient access to East I-10.
Property Size7,550 SF
Lot Size0.61 Acres
Price / SF$172.19
Days on Market1186
Property Features for 2133 Lockwood Dr
General Information
Standard status
Active
Size
7,550 SF
Lot size
0.61 Acres
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
RESOLUT RE - Houston
(512) 474-5557
Listed By:
Eric Broussard · License #TX717266
(832) 492-5155
Source:
Moodyscre
Added: Jun 23, 2023
Changed: Sep 11
Last Checked: Sep 19 at 11:04AM
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 RESOLUT RE - Houston
Investment Insights
Based on property information with market context.
This former Fresenius Kidney Care dialysis center is available for sale or lease and has a medical-ready layout. The space includes 8 offices, 4 restrooms, and a waiting room, supporting patient intake and appointments. While it’s well-suited for medical office use, the configuration can be converted to fit various alternative uses.
The property sits on 0.61 acres and offers over 30 parking spaces for staff and visitors. It also provides convenient access to the East I-10 freeway.
Total building size is 7,550 square feet, giving tenants and buyers a dedicated, purpose-built footprint for a range of clinical or office applications.
The property sits on 0.61 acres and offers over 30 parking spaces for staff and visitors. It also provides convenient access to the East I-10 freeway.
Total building size is 7,550 square feet, giving tenants and buyers a dedicated, purpose-built footprint for a range of clinical or office applications.
Key Highlights
- Former Fresenius Kidney Care dialysis center available for sale or lease
- 7,550 SF medical center building size
- 0.61 acres with over 30 parking spaces
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
$102,740
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
7.90%
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%
$2,054,800
$2.1M
Cap Rate 7%
$1,467,714
$1.5M
Cap Rate 9%
$1,141,556
$1.1M
Market Conditions
NOI Build-Up for 7,550 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
$190.3K $25.20/SF
− Vacancy
−$19.0K −$2.52/SF
EGI
$171.2K $22.68/SF
− OpEx
−$68.5K −$9.07/SF
NOI
$102.7K $13.61/SF
Area
Houston, TX
Vacancy
10.00%
Lease Rate
$25.20 /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%
$2,054,800
Cap Rate 7%
$1,467,714
Cap Rate 9%
$1,141,556
Alternative Uses
Best Use
Healthcare Medical
$1.47M
$1.28M – $1.71M
NOI $102,740 @ 7.0% cap · market cap 7.90%
Second Best
Office B
$1.26M
$1.10M – $1.47M
NOI $88,063 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $135,900 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
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Frequently Asked Questions
What type of property is this?
Medical center - Former dialysis center offering a waiting room, multiple exam offices, and convenient access to East I-10.
Where is this medical center located?
The property is located at 2133 Lockwood Dr Houston, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Former Fresenius Kidney Care dialysis center available for sale or lease; 7,550 SF medical center building size; 0.61 acres with over 30 parking spaces
