Cleveland Medical Office Space
For Sale
Contact for pricing
208 N Bonham Ave, Cleveland, TX 77327
Medical office space in the heart of Cleveland, Texas.
Property Size2,286 SF
Price / SF$174.93
Days on Market774
Property Features for 208 N Bonham Ave
General Information
Standard status
Active
Size
2,286 SF
Property subtype
Office
Building Details
Year Built
1979
Listing Agency:
Cameron Real Estate
Listed By:
Ethan Cameron · License #TX
Source:
Crexi
Added: Jun 18, 2024
Changed: Jul 6
Last Checked: Jul 30 at 3:00AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Medical office space available in a prime location.
- Located in the heart of Cleveland.
- Includes patient treatment rooms.
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
NOI $33,824 @ 7.0% cap · market cap 8.46%
Second Best
Office B
$454.5K
$397.7K – $530.3K
NOI $31,815 @ 7.0% cap · market cap 7.96%
Theoretical Best
Multifamily LT 5
$25.63M
$22.43M – $29.90M
NOI $1,794,061 @ 7.0% cap · market cap 448.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
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 - 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.
