Houston Medical Office Building For
For Sale
Contact for pricing
14637 Pebble Bend Dr, Houston, TX 77068
Medical office in Southwest Houston, convenient access, ideal for clinics.
Property Size7,800 SF
Price / SF$185
Days on Market184
Property Features for 14637 Pebble Bend Dr
General Information
Standard status
Active
Size
7,800 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1979
Year Renovated
2020
Buildings
1
Stories
1
Listing Agency:
Partners
(713) 681-1100
Listed By:
Wyatt Huff · License #TX 718870
Source:
Crexi
Added: Feb 9
Changed: Aug 7
Last Checked: Aug 12 at 12:11PM
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 Partners
Investment Insights
Based on property information with market context.
This medical office building is located within an established healthcare corridor of Southwest Houston, near the intersection of Beltway 8 and Highway 59, providing convenient regional access. The property is surrounded by dense residential neighborhoods and a strong daytime population. The 7,800-square-foot building is suited for primary care, specialty clinics, therapy, or outpatient medical use. On-site parking is available for patients and staff. The layout is single-tenant/small medical-user friendly. The property offers a quiet, professional setting conducive to patient-focused practices and easy ingress/egress with visibility from Pebble Bend Drive. It is in close proximity to hospitals, pharmacies, and complementary medical services.
Key Highlights
- Prime location in established healthcare corridor near Beltway 8 and Highway 59
- Ideal for medical use: primary care, specialty clinic, therapy, or outpatient
- Surrounded by dense residential neighborhoods and strong daytime population
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
$106,142
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
7.36%
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%
$2,122,840
$2.1M
Cap Rate 7%
$1,516,314
$1.5M
Cap Rate 9%
$1,179,356
$1.2M
Market Conditions
NOI Build-Up for 7,800 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
$196.6K $25.20/SF
− Vacancy
−$19.7K −$2.52/SF
EGI
$176.9K $22.68/SF
− OpEx
−$70.8K −$9.07/SF
NOI
$106.1K $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%
$2,122,840
Cap Rate 7%
$1,516,314
Cap Rate 9%
$1,179,356
Alternative Uses
Best Use
Healthcare Medical
$1.52M
$1.33M – $1.77M
NOI $106,142 @ 7.0% cap · market cap 7.36%
Second Best
Office B
$1.30M
$1.14M – $1.52M
NOI $90,979 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,400 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,116
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77068, TX
11,764
Population
4,551
Households
2.6
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
3.8 sq mi
ZIP Area
3,096
Density / Sq Mi
$85,873
Median Household Income
$43,985
Median Earnings
$1,345
Median Rent
$312,400
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 - Medical office in Southwest Houston, convenient access, ideal for clinics.
Where is this medical office space located?
The property is located at 14637 Pebble Bend Dr Houston, TX.
What is the asking price?
The asking price for this property is $1,443,000.
What are key features of this property?
This property features: Prime location in established healthcare corridor near Beltway 8 and Highway 59; Ideal for medical use: primary care, specialty clinic, therapy, or outpatient; Surrounded by dense residential neighborhoods and strong daytime population
