Medical Office Project in
202 North Texas Avenue, Webster, TX 77598
Multi-tenant medical office in Clear Lake Medical Center.
Type:Office
Property size:
21,000 SFPrice / SF:
$294/SF- Added:
- Mar 5, 2026
- Days on Market:
- 80
- Last Refresh:
- Apr 6 at 1:23 am
Property Features for 202 North Texas Avenue
General Information
- Standard status
- Active
- Size
- 21,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agent Jason C. Kieschnick License #TX #512911 (832) 915-1827
Listing office Zann Commercial Brokerage (832) 915-1827
Listing date Mar 5, 2026
Source Zann
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 Zann Commercial Brokerage
HighLights
- Located in the heart of the Clear Lake Medical Center, a high‑traffic medical district.
- Opportunity for owner‑occupancy of existing general office, medical office, and laboratory space.
- Potential for high return on investment by leasing vacant space.
- Directly across from Houston Physicians' Hospital and close to other major hospitals.
- Abundant parking and monument/fascia signage available.
- Easy access to the Gulf Freeway and major Clear Lake roadways.
Overview
Located in the Clear Lake Medical Center, this multi-tenant medical office project offers a strategic location within one of the most active medical districts in the greater Houston market. The area is supported by over 2,200 physicians and accommodates more than 1.8 million patients annually. The property, situated at 202 North Texas Avenue in Webster, encompasses 21,000 square feet of professional office space. It is located directly across from Houston Physicians' Hospital and is in close proximity to Clear Lake Regional and Kindred Hospital, along with numerous other hospitals and medical providers. Currently 66% occupied, the property presents an opportunity for an owner-occupier to utilize the existing space, which is configured for general office, medical office, and laboratory use. Alternatively, an investor could lease the vacant space. The property features monument and fascia signage, ample parking, and convenient access to the Gulf Freeway and Clear Lake's major roadways.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$3.67M
NOI $330,172 @ 9.00% cap · cautious / downside scenario
Moderate
$4.72M
NOI $330,172 @ 7.00% cap · market / base-case scenario
Aggressive
$6.60M
NOI $330,172 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $645.1k | $30.72 |
| − Vacancy | −$94.8k | −$4.52 |
| EGI | $550.3k | $26.20 |
| − OpEx | −$220.1k | −$10.48 |
| NOI | $330.2k | $15.72 |
21,000 SF · lease $30.72/SF/yr · vacancy 14.70% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$4.72M
$4.13M – $5.50M
NOI $330,172 @ 7.0% cap · market cap 5.35%
Second Best
Office B
$3.93M
$3.44M – $4.58M
NOI $275,063 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$5.73M
$5.02M – $6.69M
NOI $401,386 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- UrgentVet — 931 W Bay Area Blvd, Webster, TX 77598
Location Insight
- Map
- Local Demand
- City
- Webster
- County
- Harris
- State
- Texas
- Longitude
- -95.1244892
- Latitude
- 29.5345753
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Multi-tenant medical office in Clear Lake Medical Center.
Where is this medical office space located?
The property is located at 202 North Texas Avenue Webster, TX.
What is the asking price?
The asking price for this property is $6,175,000.
What are key features of this property?
This property features: Located in the heart of the Clear Lake Medical Center, a high‑traffic medical district.; Opportunity for owner‑occupancy of existing general office, medical office, and laboratory space.; Potential for high return on investment by leasing vacant space.
