Houston Medical Imaging Center For
For Sale
Contact for pricing
17030 Red Oak Dr, Houston, TX 77090
Established medical tenant with long-term operating history since 2005.
Property Size10,000 SF
Price / SF$400
Days on Market348
Property Features for 17030 Red Oak Dr
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office
Zoning
NZ
Building Details
Year Built
2005
Listing Agency:
Brisky Net Lease
(612) 413-4200
Listed By:
Brian Brisky · License #MN 40546562
Source:
Crexi
Added: Sep 16, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:41PM
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 Brisky Net Lease
Investment Insights
Based on property information with market context.
This commercial property features an established medical tenant, TOPS Surgical Specialty Hospital, a physician-owned inpatient and outpatient surgical specialty center. The tenant also owns and operates the adjacent surgical hospital, indicating a long-term commitment and operational synergy. The company generates over $24 million in EBITDA for 2024 and has expanded to 5 freestanding breast centers across Houston. The tenant has been operating successfully at this location since 2005 and has invested in updating the interior. The property includes existing X-ray and imaging infrastructure that is currently installed but not in use, presenting a value-add or expansion upside. The property size is 10000 square feet. The Houston metropolitan area has a population of roughly 7.9 million, making it the fifth-largest in the U.S. The population within a 3-mile radius is over 111,000, and over 293,000 within a 5-mile radius; both are projected to grow within the next 5 years. This imaging center is an attractive investment due to its resistance to economic downturns and e-commerce trends.
Key Highlights
- Established medical tenant (TOPS Surgical Specialty Hospital) generating over $24 million in EBITDA for 2024, indicating financial strength.
- Tenant's adjacent hospital ownership demonstrates long‑term commitment and operational synergy.
- Long‑term operating history at this location since 2005, with interior updates.
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
$136,080
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
3.40%
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%
$2,721,600
$2.7M
Cap Rate 7%
$1,944,000
$1.9M
Cap Rate 9%
$1,512,000
$1.5M
Market Conditions
NOI Build-Up for 10,000 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
$252.0K $25.20/SF
− Vacancy
−$25.2K −$2.52/SF
EGI
$226.8K $22.68/SF
− OpEx
−$90.7K −$9.07/SF
NOI
$136.1K $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%
$2,721,600
Cap Rate 7%
$1,944,000
Cap Rate 9%
$1,512,000
Alternative Uses
Best Use
Healthcare Medical
$1.94M
$1.70M – $2.27M
NOI $136,080 @ 7.0% cap · market cap 3.40%
Second Best
Office B
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,000 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 77090, TX
42,285
Population
19,076
Households
2.2
Avg Household Size
30
Median Age
25%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,917
Density / Sq Mi
$48,196
Median Household Income
$35,936
Median Earnings
$1,228
Median Rent
$235,500
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 center - Established medical tenant with long-term operating history since 2005.
Where is this medical center located?
The property is located at 17030 Red Oak Dr Houston, TX.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Established medical tenant (TOPS Surgical Specialty Hospital) generating over $24 million in EBITDA for 2024, indicating financial strength.; Tenant's adjacent hospital ownership demonstrates long‑term commitment and operational synergy.; Long‑term operating history at this location since 2005, with interior updates.
