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    Cleveland Medical Office Space Available Title is generated by Realmo AI

    208 N Bonham Ave, Cleveland, TX 77327

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    Medical office space in the heart of Cleveland, Texas.

    Type:Office
    Property size:
    2,286 SF
    Price / SF:
    $174/SF
    Added:
    Jun 18, 2024
    Days on Market:
    726
    Last Refresh:
    May 12 at 9:48 pm

    Property Features for 208 N Bonham Ave

    General Information

    Standard status
    Active
    Size
    2,286 SF
    Property subtype
    Office

    Building Details

    Year Built
    1979

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    Listing Contact
    Ethan Cameron

    Listing agent Ethan Cameron License #TX

    Listing office Cameron Real Estate

    Listing date Jun 18, 2024

    Source Crexi

    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 Cameron Real Estate

    HighLights

    • Medical office space available in a prime location.
    • Located in the heart of Cleveland.
    • Includes patient treatment rooms.
    • Features a conference room for meetings and presentations.
    • Reception area included for greeting patients and managing appointments.
    • Break room available for staff.

    Overview

    This medical office space is located in Cleveland, Texas. The building has a total area of 2286 square feet and includes patient treatment rooms, a conference room, a reception area, and a break room.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $67.8k $29.64
    − Vacancy −$11.4k −$4.98
    EGI $56.4k $24.66
    − OpEx −$22.5k −$9.86
    NOI $33.8k $14.80
    2,286 SF · lease $29.64/SF/yr · vacancy 16.80% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $483.2K
    $422.8K – $563.7K (±1% cap)
    NOI $33,824 @ 7.0% cap · market cap 8.46%
    Second Best
    Office B
    $454.5K
    $397.7K – $530.3K (±1% cap)
    NOI $31,815 @ 7.0% cap · market cap 7.96%
    Theoretical Best
    Multifamily LT 5
    $25.63M
    $22.43M – $29.90M (±1% cap)
    NOI $1,794,061 @ 7.0% cap · market cap 448.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    PULSE CLEVELAND MULTI-SPECIALTY Physician Tri County Pharmacy Pharmacy Mary Mckinney Pharmacy Pulse Cleveland | Cardiology ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cleveland Animal Hospital — 1205 N Washington Ave, Cleveland, TX 77327

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.088089
    Latitude
    30.339133

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space in the heart of Cleveland, Texas.
    Where is this medical office space located?
    The property is located at 208 N Bonham Ave Cleveland, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Medical office space available in a prime location.; Located in the heart of Cleveland.; Includes patient treatment rooms.
    More about this property
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