Medical Office Space with
For Sale
Contact for pricing
21386 Provincial Blvd., Katy, TX 77450
Existing medical office improvements and included equipment support immediate occupancy without a new build-out.
Property Size1,218 SF
Price / SF$324.30
Days on Market65
Property Features for 21386 Provincial Blvd.
General Information
Standard status
Active
Size
1,218 SF
Class
B
Property subtype
Office
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Pierson Commercial, LLC
Listed By:
John DeLaRosa · License #TX9006576
Source:
Crexi
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 16 at 8:27AM
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 Pierson Commercial, LLC
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Investment Insights
Based on property information with market context.
This medical office property includes existing equipment and established interior improvements, allowing a medical user to occupy the space without starting a new build-out. The interior was completed in 2008 and is described as like new.
The property is located at 21386 Provincial Blvd. in Katy, Texas, within the 77450 ZIP code. The space may also be adapted for general office use, including attorney, insurance, real estate, or therapist operations.
The property is located at 21386 Provincial Blvd. in Katy, Texas, within the 77450 ZIP code. The space may also be adapted for general office use, including attorney, insurance, real estate, or therapist operations.
Key Highlights
- Medical office space with equipment included
- Existing improvements can support occupancy without a new build‑out
- Interior described as like new
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,253
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,060
$405.1K
Cap Rate 7%
$289,329
$289.3K
Cap Rate 9%
$225,033
$225.0K
Market Conditions
NOI Build-Up for 1,218 SF
Gross rent
$36.1K $29.64/SF
− Vacancy
−$2.3K −$1.93/SF
EGI
$33.8K $27.71/SF
− OpEx
−$13.5K −$11.09/SF
NOI
$20.3K $16.63/SF
Area
Fort Bend County, TX
Vacancy
6.50%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,060
Cap Rate 7%
$289,329
Cap Rate 9%
$225,033
Alternative Uses
Best Use
Healthcare Medical
$289.3K
$253.2K – $337.6K
NOI $20,253 @ 7.0% cap · market cap 5.13%
Second Best
Office B
$242.2K
$211.9K – $282.5K
NOI $16,951 @ 7.0% cap · market cap 4.29%
Theoretical Best
Multifamily LT 5
$15.17M
$13.28M – $17.70M
NOI $1,062,131 @ 7.0% cap · market cap 268.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,043
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77450, TX
72,977
Population
26,259
Households
2.8
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
19.7 sq mi
ZIP Area
3,704
Density / Sq Mi
$105,607
Median Household Income
$55,656
Median Earnings
$1,730
Median Rent
$342,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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- Kingsland Blvd Animal Clinic — 20701 Kingsland Blvd #105, Katy, TX 77450
- Petco Vaccination Clinic — 513 S Mason Rd, Katy, TX 77450
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing medical office improvements and included equipment support immediate occupancy without a new build-out.
Where is this medical office space located?
The property is located at 21386 Provincial Blvd. Katy, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Medical office space with equipment included; Existing improvements can support occupancy without a new build‑out; Interior described as like new
