Medical Office
New
For Sale
$189,500
202 N Avenue G, Clifton, TX 76634
Commercially zoned facility with multiple offices, a patient reception area, and staff break space.
Property Size1,160 SF
Days on Market3
Property Features for 202 N Avenue G
General Information
Standard status
Active
Size
1,160 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,160 SF
Year Built
1970
Units
1
Listing Agency:
Bosque County Properties LLc
(254) 253-1995
Listed By:
Weston Gloff · License #0700750
(254) 253-1995
Source:
Vickiesteam
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 9:22AM
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 Bosque County Properties LLc
Investment Insights
Based on property information with market context.
This medical office property includes five offices, a waiting area, and a break room within a building constructed in 1970. The layout has supported both dental and chiropractic practices in the past, providing a documented medical-office configuration for continued professional use.
Located at 202 N Avenue G in Clifton, the property fronts Highway 6 and sits one block north of FM 219. Commercial zoning supports its positioning as an office asset, while the highway setting provides direct exposure to passing traffic.
Located at 202 N Avenue G in Clifton, the property fronts Highway 6 and sits one block north of FM 219. Commercial zoning supports its positioning as an office asset, while the highway setting provides direct exposure to passing traffic.
Key Highlights
- Five‑office layout with waiting area and break room
- Previously used for dental and chiropractic practices
- Commercial zoning
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
$16,127
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
8.51%
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%
$322,540
$322.5K
Cap Rate 7%
$230,386
$230.4K
Cap Rate 9%
$179,189
$179.2K
Market Conditions
NOI Build-Up for 1,160 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
$25.8K $22.20/SF
− Vacancy
−$4.2K −$3.66/SF
EGI
$21.5K $18.54/SF
− OpEx
−$5.4K −$4.63/SF
NOI
$16.1K $13.90/SF
Area
Bosque County, TX
Vacancy
16.50%
Lease Rate
$22.20 /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%
$322,540
Cap Rate 7%
$230,386
Cap Rate 9%
$179,189
Alternative Uses
Best Use
Office B
$230.4K
$201.6K – $268.8K
NOI $16,127 @ 7.0% cap · market cap 8.51%
Second Best
Healthcare Medical
$177.2K
$155.0K – $206.7K
NOI $12,403 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$306.0K
$267.8K – $357.1K
NOI $21,423 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 76634, TX
7,313
Population
3,660
Households
2
Avg Household Size
52
Median Age
29%
College-Educated
87%
High-School Grad
284.0 sq mi
ZIP Area
26
Density / Sq Mi
$72,654
Median Household Income
$41,075
Median Earnings
$920
Median Rent
$190,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercially zoned facility with multiple offices, a patient reception area, and staff break space.
Where is this medical office space located?
The property is located at 202 N Avenue G Clifton, TX.
What is the asking price?
The asking price for this property is $189,500.
What are key features of this property?
This property features: Five‑office layout with waiting area and break room; Previously used for dental and chiropractic practices; Commercial zoning
