Webster Medical and Professional
For Sale
Contact for pricing
17085 Texas Avenue, Webster, TX 77598
Premier medical office space near UTMB Clear Lake Campus.
Property Size21,696 SF
Price / SF$265.03
Days on Market101
Property Features for 17085 Texas Avenue
General Information
Standard status
Active
Size
21,696 SF
Class
A
Property subtype
Office
Zoning
O - Office District (Medical Permitted by Right)
Lease Type
NNN
Investment Type
Core+
Building Details
Year Built
2022
Buildings
1
Stories
1
Units
1
Listing Agency:
Oxford Partners
(713) 577-1716
Listed By:
D. J. Hale · License #732225-SA
Source:
Crexi
Added: May 13
Changed: Aug 19
Last Checked: Aug 19 at 8:30PM
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 Oxford Partners
Investment Insights
Based on property information with market context.
Located on North Texas Avenue, this property is situated in Webster's primary medical and professional office area. It is located 2 minutes from UTMB Clear Lake Campus and HCA Clear Lake, providing access to a strong medical referral network in Houston. The property offers convenient access to I-45, Highway 3, and Bay Area Boulevard. Its location along the I-45 corridor provides accessibility for patients from Webster, League City, Friendswood, Pearland, Galveston, Nassau Bay, and Clear Lake City. The property is suitable for medical office space, general office use, or other commercial real estate ventures. The property has a size of 21696 square feet.
Key Highlights
- Premier location in Webster's medical and professional office corridor.
- Close proximity (2 minutes) to UTMB Clear Lake Campus and HCA Clear Lake.
- Easy access to I‑45, Hwy 3 & Bay Area Blvd.
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
$341,115
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
5.93%
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%
$6,822,300
$6.8M
Cap Rate 7%
$4,873,071
$4.9M
Cap Rate 9%
$3,790,167
$3.8M
Market Conditions
NOI Build-Up for 21,696 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
$666.5K $30.72/SF
− Vacancy
−$98.0K −$4.52/SF
EGI
$568.5K $26.20/SF
− OpEx
−$227.4K −$10.48/SF
NOI
$341.1K $15.72/SF
Area
Harris County, TX
Vacancy
14.70%
Lease Rate
$30.72 /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%
$6,822,300
Cap Rate 7%
$4,873,071
Cap Rate 9%
$3,790,167
Alternative Uses
Best Use
Healthcare Medical
$4.87M
$4.26M – $5.69M
NOI $341,115 @ 7.0% cap · market cap 5.93%
Second Best
Office B
$4.06M
$3.55M – $4.74M
NOI $284,179 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$5.92M
$5.18M – $6.91M
NOI $414,689 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,900
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77598, TX
25,620
Population
13,337
Households
1.9
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,100
Density / Sq Mi
$59,758
Median Household Income
$45,190
Median Earnings
$1,279
Median Rent
$228,700
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 - Premier medical office space near UTMB Clear Lake Campus.
Where is this medical office space located?
The property is located at 17085 Texas Avenue Webster, TX.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Premier location in Webster's medical and professional office corridor.; Close proximity (2 minutes) to UTMB Clear Lake Campus and HCA Clear Lake.; Easy access to I‑45, Hwy 3 & Bay Area Blvd.
