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Versatile Building in Webster, Texas

218 W NASA RD 1 Webster, TX 77598

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Adaptable building suitable for medical, office, flex, or industrial use.

Type:Office
Property size:
19,182 SF
Price / SF:
$161/SF
Added:
May 13, 2026
Days on Market:
62
Last Refresh:
Jul 5 at 3:24 am

Property Features for 218 W NASA RD 1

General Information

Standard status
Active
Size
19,182 SF
Property subtype
Office

Building Details

Year Built
1983

Listing office Oxford Partners

Listing date May 13, 2026

Source Crexi

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 Oxford Partners


Investment Insights

Based on property information with market context.

This 19,182-square-foot building features a combination of finished medical and general office areas, along with approximately 4,812 square feet of unfinished space that can be divided into two separate units with minimal investment. The property includes 3,316 square feet of owner-occupied medical space and a 3,313-square-foot common area, originally designed for bank use, which can be repurposed into leasable space. The building's flexible design makes it suitable for various medical practices, biotech or laboratory facilities, general office purposes, and flex space users.

Key Highlights

  • Versatile building suitable for medical, biotech/lab, general office, and flex users.
  • Existing medical space (3,316 SF) provides immediate income potential.
  • Significant unfinished space (+/- 4,812 SF) offers customization or subdivision opportunities.

Local Financial Insights For Office B

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 $442.0k $23.04
− Vacancy −$107.0k −$5.58
EGI $335.0k $17.46
− OpEx −$83.8k −$4.37
NOI $251.3k $13.10
19,182 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%

Alternative Uses

Best Use
Healthcare Medical
$4.31M
$3.77M – $5.03M (±1% cap)
NOI $301,589 @ 7.0% cap · market cap 9.73%
Second Best
Office B
$3.59M
$3.14M – $4.19M (±1% cap)
NOI $251,250 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$5.24M
$4.58M – $6.11M (±1% cap)
NOI $366,637 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Butcher (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Florist Plumbing Service Supermarket Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Neighborhood Veterinary Centers — Webster, TX 77598
  • UrgentVet — 931 W Bay Area Blvd, Webster, TX 77598
  • Neighborhood Veterinary Centers - NASA — 16902 State Hwy 3, Webster, TX 77598

FAQs

What type of property is this?
Medical Office Space - Adaptable building suitable for medical, office, flex, or industrial use.
Where is this medical office space located?
The property is located at 218 W NASA RD 1 Webster, TX.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Versatile building suitable for medical, biotech/lab, general office, and flex users.; Existing medical space (3,316 SF) provides immediate income potential.; Significant unfinished space (+/- 4,812 SF) offers customization or subdivision opportunities.
Contact an agent
(713) 577-1716 Call to check price and availability
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