Medical Office in
17325 Red Oak Dr, Houston, TX 77090
For Sale
$1,200,000
Turnkey medical office in a high-demand Houston area.
Property Size6,818 SF
Price / SF$176
Days on Market231
Property Features for 17325 Red Oak Dr
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Seth Commercial
Listed By:
Smita Singh · License TX #719694
(832) 656-2358
Source:
7s
Added: Mar 27
Changed: Oct 26
Last Checked: Nov 12 at 4:56AM
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 Seth Commercial
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Investment Insights
Based on property information with market context.
This 6,818 SF standalone medical office, located at 17325 Red Oak Dr, Houston, TX 77090, presents an opportunity to establish or expand a practice in North Houston’s healthcare corridor. The property is situated within a concentrated medical center, surrounded by approximately 400 practicing doctors within a 1-mile radius and in close proximity to major hospitals, including HCA Houston Northwest, BMC North Hospital, and Providence Hospital of North Houston. Originally constructed in 1980 and renovated in 2020, the space combines modern upgrades with a medical layout. The office features over 20 rooms, two operating rooms, and a recovery area, making it suitable for various medical specialties. Positioned 1 mile from I-45, the location provides accessibility for patients from The Woodlands, Spring, Cypress, and Kingwood.
Key Highlights
- 6,818 SF standalone medical office in a premier North Houston healthcare corridor.
- Located within a highly concentrated medical center, surrounded by nearly 400 doctors within a 1‑mile radius.
- Features 20+ rooms, two fully equipped operating rooms, and a dedicated recovery area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,779
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,855,580
$1.9M
Cap Rate 7%
$1,325,414
$1.3M
Cap Rate 9%
$1,030,878
$1.0M
Market Conditions
NOI Build-Up for 6,818 SF
Gross rent
$171.8K $25.20/SF
− Vacancy
−$17.2K −$2.52/SF
EGI
$154.6K $22.68/SF
− OpEx
−$61.9K −$9.07/SF
NOI
$92.8K $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 Rate 5%
$1,855,580
Cap Rate 7%
$1,325,414
Cap Rate 9%
$1,030,878
Alternative Uses
Best Use
Healthcare Medical
$1.33M
$1.16M – $1.55M
NOI $92,779 @ 7.0% cap · market cap 7.73%
Second Best
Office B
$1.14M
$994.1K – $1.33M
NOI $79,525 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.75M
$1.53M – $2.05M
NOI $122,724 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,729
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Properties on Market for Medical Office Space in Houston
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office in a high-demand Houston area.
Where is this medical office space located?
The property is located at 17325 Red Oak Dr Houston, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,818 SF standalone medical office in a premier North Houston healthcare corridor.; Located within a highly concentrated medical center, surrounded by nearly 400 doctors within a 1‑mile radius.; Features **20+ rooms, two fully equipped operating rooms, and a dedicated recovery area**.
