Dental Building in Champion
For Sale
$1,150,000
13303 Champion Forest Drive, Houston, TX 77069
Two-story dental building with 11 operatories near FM 1960.
Property Size5,300 SF
Price / SF$216.98
Days on Market163
Property Features for 13303 Champion Forest Drive
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Healthcare
Listing Agency:
CBRE, Inc.
Listed By:
Behr Bruce
(713) 449-5130
Source:
Cbre
Added: Mar 25
Changed: Sep 3
Last Checked: Aug 8 at 7:27AM
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 CBRE, Inc.
Investment Insights
Based on property information with market context.
Located within the Champion Forest Professional Center near FM 1960, this two-story dental building at 13303 Champion Forest, Building 6, encompasses 5,300 square feet. The first floor is designed for patient care, featuring a waiting room, reception room, 11 fully equipped operatories, an X-ray room, a consultation room, a dedicated sterilization area, a lab, and a patient restroom. The second floor provides staff and administrative space, including three private offices, a break room, and two additional restrooms. This single-tenant property offers customization potential and is suitable for a dentist, dental group, or adaptable healthcare professional. The property features 3 private offices, a waiting room, and a reception room, designed to facilitate efficient administrative operations. A break room is provided on the second floor for staff comfort, along with dedicated men’s and women’s restrooms. It is a great owner-user opportunity.
Key Highlights
- 5,300 sq ft dental building in Champion Forest Professional Center
- 11 fully equipped operatories for patient care
- Dedicated sterilization area for medical supplies
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
$72,122
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
6.27%
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%
$1,442,440
$1.4M
Cap Rate 7%
$1,030,314
$1.0M
Cap Rate 9%
$801,356
$801.4K
Market Conditions
NOI Build-Up for 5,300 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
$133.6K $25.20/SF
− Vacancy
−$13.4K −$2.52/SF
EGI
$120.2K $22.68/SF
− OpEx
−$48.1K −$9.07/SF
NOI
$72.1K $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%
$1,442,440
Cap Rate 7%
$1,030,314
Cap Rate 9%
$801,356
Alternative Uses
Best Use
Healthcare Medical
$1.03M
$901.5K – $1.20M
NOI $72,122 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$883.1K
$772.7K – $1.03M
NOI $61,819 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,400 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77069, TX
19,299
Population
9,399
Households
2.1
Avg Household Size
41
Median Age
47%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,106
Density / Sq Mi
$73,599
Median Household Income
$44,721
Median Earnings
$1,487
Median Rent
$320,200
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story dental building with 11 operatories near FM 1960.
Where is this medical office space located?
The property is located at 13303 Champion Forest Drive Houston, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,300 sq ft dental building in Champion Forest Professional Center; 11 fully equipped operatories for patient care; Dedicated sterilization area for medical supplies
