Turnkey Medical Condo
For Sale
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13414 Medical Complex Dr Suite 3, Tomball, TX 77375
Turnkey medical condominium suite in Tomball Doctors Plaza, totaling 4,016 SF within the established medical district.
Property Size4,016 SF
Price / SF$149.15
Days on Market52
Property Features for 13414 Medical Complex Dr Suite 3
General Information
Standard status
Active
Size
4,016 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Units
1
Tenancy
Single
Listing Agency:
Texas Commercial Real Estate Services
Listed By:
Chris Joyce · License #TX 695869
(713) 473-7200
Source:
Crexi
Added: Jul 16
Changed: Aug 23
Last Checked: Sep 1 at 10:47PM
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 turnkey medical condominium suite is located within Tomball Doctors Plaza and totals 4,016 SF. It offers a professional healthcare environment suitable for a wide range of medical office uses.
The suite is positioned along Medical Complex Drive in Tomball’s established medical district. Access is described as convenient to SH 249, FM 2920, and the Grand Parkway, supporting connectivity throughout Northwest Houston.
Suite 3 provides an owner-user or physician-practice ready healthcare space within a medical office setting alongside complementary medical and professional users.
The suite is positioned along Medical Complex Drive in Tomball’s established medical district. Access is described as convenient to SH 249, FM 2920, and the Grand Parkway, supporting connectivity throughout Northwest Houston.
Suite 3 provides an owner-user or physician-practice ready healthcare space within a medical office setting alongside complementary medical and professional users.
Key Highlights
- 4,016 SF medical condominium suite in Tomball Doctors Plaza
- Located in Tomball’s established medical district for a professional healthcare environment
- On Medical Complex Drive with convenient access to SH 249, FM 2920, and the Grand Parkway
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
8.78%
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 10.54%
Second Best
Office B
$751.5K
$657.5K – $876.7K
NOI $52,603 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.10M
$959.5K – $1.28M
NOI $76,760 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical condominium suite in Tomball Doctors Plaza, totaling 4,016 SF within the established medical district.
Where is this medical office space located?
The property is located at 13414 Medical Complex Dr Suite 3 Tomball, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,016 SF medical condominium suite in Tomball Doctors Plaza; Located in Tomball’s established medical district for a professional healthcare environment; On Medical Complex Drive with convenient access to SH 249, FM 2920, and the Grand Parkway
