Medical Office
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For Sale
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13414 Medical Complex Dr Suite 300, Tomball, TX 77375
Configured medical suite within Tomball Doctors Plaza, near established healthcare users and major regional routes.
Property Size4,016 SF
Price / SF$156.62
Days on Market6
Property Features for 13414 Medical Complex Dr Suite 300
General Information
Standard status
Active
Size
4,016 SF
Class
B
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$629,000
Listing Agency:
Texas Commercial Real Estate Services
(713) 473-7200
Listed By:
Chris Joyce · License #TX 695869
Source:
Crexi
Added: Aug 9
Changed: Aug 14
Last Checked: Aug 14 at 4:38AM
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 Texas Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This 4,016-square-foot medical condominium occupies Suite 300 within Tomball Doctors Plaza. The property is positioned for medical office operations and provides a dedicated setting for healthcare-related professional use. Its condominium format may suit an owner-user seeking control of its workspace within an established medical property.
The suite is located on Medical Complex Drive in Tomball’s healthcare district, with connections to SH 249, FM 2920, and the Grand Parkway. Surrounding medical and professional users create a setting oriented toward healthcare services and related office activity. The property is also situated within the Northwest Houston patient market identified in the listing information.
The suite is located on Medical Complex Drive in Tomball’s healthcare district, with connections to SH 249, FM 2920, and the Grand Parkway. Surrounding medical and professional users create a setting oriented toward healthcare services and related office activity. The property is also situated within the Northwest Houston patient market identified in the listing information.
Key Highlights
- 4,016 SF medical condominium
- Suite 300 at Tomball Doctors Plaza
- Located on Medical Complex Drive in Tomball
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
$52,603
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
8.36%
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%
$1,052,060
$1.1M
Cap Rate 7%
$751,471
$751.5K
Cap Rate 9%
$584,478
$584.5K
Market Conditions
NOI Build-Up for 4,016 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
$92.5K $23.04/SF
− Vacancy
−$22.4K −$5.58/SF
EGI
$70.1K $17.46/SF
− OpEx
−$17.5K −$4.37/SF
NOI
$52.6K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,052,060
Cap Rate 7%
$751,471
Cap Rate 9%
$584,478
Alternative Uses
Best Use
Healthcare Medical
$902.0K
$789.3K – $1.05M
NOI $63,142 @ 7.0% cap · market cap 10.04%
Second Best
Office B
$751.5K
$657.5K – $876.7K
NOI $52,603 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$1.10M
$959.5K – $1.28M
NOI $76,760 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,704
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77375, TX
65,365
Population
25,452
Households
2.6
Avg Household Size
34
Median Age
41%
College-Educated
92%
High-School Grad
35.2 sq mi
ZIP Area
1,857
Density / Sq Mi
$95,813
Median Household Income
$57,735
Median Earnings
$1,495
Median Rent
$287,100
Median Home Value
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 - Configured medical suite within Tomball Doctors Plaza, near established healthcare users and major regional routes.
Where is this medical office space located?
The property is located at 13414 Medical Complex Dr Suite 300 Tomball, TX.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 4,016 SF medical condominium; Suite 300 at Tomball Doctors Plaza; Located on Medical Complex Drive in Tomball
