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 Market865
Property Features for 208 N Bonham Ave
General Information
Standard status
Active
Size
2,286 SF
Property subtype
Office
Building Details
Year Built
1979
Buildings
1
Stories
1
Listing Agency:
Cameron Real Estate
Listed By:
Ethan Cameron · License #TX
(832) 579-7713
Source:
Crexi
Added: Jun 18, 2024
Changed: Oct 26
Last Checked: Oct 28 at 8:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$33,824
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,480
$676.5K
Cap Rate 7%
$483,200
$483.2K
Cap Rate 9%
$375,822
$375.8K
Market Conditions
NOI Build-Up for 2,286 SF
Gross rent
$67.8K $29.64/SF
− Vacancy
−$11.4K −$4.98/SF
EGI
$56.4K $24.66/SF
− OpEx
−$22.5K −$9.86/SF
NOI
$33.8K $14.80/SF
Area
Liberty County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,480
Cap Rate 7%
$483,200
Cap Rate 9%
$375,822
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
976
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
Check the figures for this property
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Market
Vacancy Rate% for Office in South region
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.
