Building Details

Building Size 3,337 SF

Year Built 1993

Listing Agency: Houston Office

Listed By: Preston Williams · License #License(s): TX: 839673 Show Phone

Source: Marcusmillichap

Added: Jun 28 Changed: Oct 5 Last Checked: Oct 12 at 4:45PM

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Investment Insights

Based on property information with market context.

This fully equipped, move-in-ready medical office suite is offered as 215 Oak Drive South, Suite J. Spanning 3,337 square feet, the interior is positioned to support medical practice use with a configuration tailored for surgical, plastic surgery, and multi-specialty family medicine services.

The property sits within an established medical office park in Lake Jackson, Texas, and is directly adjacent to St. Luke's Hospital, Lake Jackson. The setting is designed to serve patients, with ample parking and easy accessibility for an office environment focused on healthcare delivery. The location also provides direct access to Highway 288, supporting convenient reach throughout Brazoria County and the greater Houston metropolitan area.

For healthcare providers looking to establish or relocate a practice, this suite offers an immediate path to occupancy thanks to its move-in-ready condition and existing medical office setup. Its hospital-adjacent positioning and suitability for surgical and multi-specialty family medicine make it a practical fit for practices that benefit from being closely integrated with an operating hospital environment.

Key Highlights

• 3,337 SF fully equipped, move‑in‑ready medical office suite in a Lake Jackson medical office park
• Year built 1993
• Designed for surgical, plastic surgery, and multi‑specialty family medicine practices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$55,710

Cap Rate

8.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,114,200 $1.1M

Cap Rate 7%

$795,857 $795.9K

Cap Rate 9%

$619,000 $619.0K

Market Conditions

NOI Build-Up for 3,337 SF

Gross rent

$98.9K $29.64/SF

− Vacancy

−$24.6K −$7.38/SF

EGI

$74.3K $22.26/SF

− OpEx

−$18.6K −$5.56/SF

NOI

$55.7K $16.69/SF

Area

Brazoria County, TX

Vacancy

24.90%

Lease Rate

$29.64 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,114,200

Cap Rate 7%

$795,857

Cap Rate 9%

$619,000

Alternative Uses

Best Use

Office B

$795.9K

$696.4K – $928.5K (±1% cap)

NOI $55,710 @ 7.0% cap · market cap 8.57%

Second Best

Healthcare Medical

$637.9K

$558.2K – $744.3K (±1% cap)

NOI $44,655 @ 7.0% cap · market cap 6.87%

Theoretical Best

Multifamily LT 5

$41.57M

$36.37M – $48.50M (±1% cap)

NOI $2,909,960 @ 7.0% cap · market cap 447.69%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Auto Repair Shop HVAC Service Law Firm Storage Facility Electrical Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

478

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 77566, TX

30,538

Population

12,277

Households

2.5

Avg Household Size

38

Median Age

30%

College-Educated

94%

High-School Grad

23.7 sq mi

ZIP Area

1,289

Density / Sq Mi

$91,406

Median Household Income

$50,917

Median Earnings

$1,417

Median Rent

$256,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Fully equipped medical office suite in a Lake Jackson medical office park with direct Highway 288 access.

Where is this medical office space located?

The property is located at 215 Oak Dr S Lake Jackson, TX.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 3,337 SF fully equipped, move‑in‑ready medical office suite in a Lake Jackson medical office park; Year built 1993; Designed for surgical, plastic surgery, and multi‑specialty family medicine practices