Medical Office Suite with
21777 Merchants Way Suite 340 Katy, TX 77449
21777 Merchants Way Suite 340, Katy, TX, 77449
Contact for pricing
For Sale
Contact for pricing
Well-finished suite with multiple rooms, break area, bathroom, lobby, and parking for an established medical setting.
Property Size1,226 SF
Price / SF$387.44
Days on Market55
Property Features for 21777 Merchants Way Suite 340
General Information
- Standard status
- Active
- Size
- 1,226 SF
- Property subtype
- Office
Building Details
- Year Built
- 2021
Listing agency
See Tim Sell Property Group
Listed by
Heman Wang · License #768544
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 6:26AM
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 See Tim Sell Property Group
Investment Insights
Based on property information with market context.
This medical office suite is built with modern finishes and high ceilings, and it is designed for day-to-day patient and staff flow. The interior features four rooms, a dedicated break room, a bathroom, and a lobby. Air conditioning is in place throughout, and the space is presented as ready for its next owner.
The property is located near I-10, in the Katy medical district close to Katy City Center. The site also offers plenty of parking and is surrounded by professional neighboring uses, supporting straightforward access for patients, staff, and visitors.
For buyers seeking an owner-occupied or tenant-investor medical office configuration, the layout provides distinct room space alongside a break room and lobby. The suite is currently described as 100% leased, which may appeal to users looking for immediate income alignment while they evaluate longer-term occupancy plans.
The property is located near I-10, in the Katy medical district close to Katy City Center. The site also offers plenty of parking and is surrounded by professional neighboring uses, supporting straightforward access for patients, staff, and visitors.
For buyers seeking an owner-occupied or tenant-investor medical office configuration, the layout provides distinct room space alongside a break room and lobby. The suite is currently described as 100% leased, which may appeal to users looking for immediate income alignment while they evaluate longer-term occupancy plans.
Key Highlights
- Year built 2021 with modern finishes and high ceilings
- Suite layout includes 4 rooms plus break room, bathroom, and lobby
- Air conditioning included
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 | $36.3k | $29.64 |
| − Vacancy | −$2.4k | −$1.93 |
| EGI | $34.0k | $27.71 |
| − OpEx | −$13.6k | −$11.09 |
| NOI | $20.4k | $16.63 |
1,226 SF · lease $29.64/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$291.2K
$254.8K – $339.8K
NOI $20,386 @ 7.0% cap · market cap 4.29%
Second Best
Office B
$243.8K
$213.3K – $284.4K
NOI $17,063 @ 7.0% cap · market cap 3.59%
Theoretical Best
Multifamily LT 5
$15.27M
$13.36M – $17.82M
NOI $1,069,107 @ 7.0% cap · market cap 225.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gastroenterology Consultants of West ...
Physician
Bao Tran - State ...
Insurance Agency
Challenge Island
Family Recreation Center
Hyon Sik Kang
Physician
YenCare Studio
Spa & Massage Center
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FAQs
What type of property is this?
Medical Office Space - Well-finished suite with multiple rooms, break area, bathroom, lobby, and parking for an established medical setting.
Where is this medical office space located?
The property is located at 21777 Merchants Way Suite 340 Katy, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Year built 2021 with modern finishes and high ceilings; Suite layout includes 4 rooms plus break room, bathroom, and lobby; Air conditioning included
