Two-Story Medical Office
For Sale
Contact for pricing
21919 Gosling Road, Spring, TX 77388
Two professional office buildings with build-to-suit options and about 165 feet of frontage on Gosling Road.
Property Size5,587 SF
Price / SF$214.78
Days on Market1163
Property Features for 21919 Gosling Road
General Information
Standard status
Active
Size
5,587 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Stories
2
Listing Agency:
Texas CRES
(281) 898-0895
Listed By:
Joel C. English · License #TX 465800
(713) 473-7200
Source:
Moodyscre
Added: Aug 29, 2023
Changed: Oct 25
Last Checked: Nov 1 at 7:18AM
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 Texas CRES
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Investment Insights
Based on property information with market context.
Two professional/medical office buildings are available for sale or lease in the new Gosling Road Office Complex. Build-to-suit options are available, with two-story floor plans that include an approximately 1,960 SF second floor. The developer will deliver a 400-amp electrical service and fully energize the building upon execution of a contract.
The property is located at 21919 Gosling Road in Spring, TX 77388, with access and exposure to Gosling Road traffic, reported at over 15,000 vehicles per day. Nearby Spring Stuebner Road traffic is reported at over 19,000 vehicles per day, and the property has approximately 165 feet of frontage on Gosling Road for visibility.
Building 1 is occupied by “The Dental Studio.” The property is in Harris County, Klein ISD, and Bridgestone MUD.
The property is located at 21919 Gosling Road in Spring, TX 77388, with access and exposure to Gosling Road traffic, reported at over 15,000 vehicles per day. Nearby Spring Stuebner Road traffic is reported at over 19,000 vehicles per day, and the property has approximately 165 feet of frontage on Gosling Road for visibility.
Building 1 is occupied by “The Dental Studio.” The property is in Harris County, Klein ISD, and Bridgestone MUD.
Key Highlights
- Two 2‑story professional/medical office buildings in the New Gosling Road Office Complex (sale or lease).
- Build‑to‑suit options with floor plans that include about 1,960 SF on the second floor.
- Developer will deliver 400‑amp electrical service and fully energize the building upon contract execution.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,842
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,840
$1.8M
Cap Rate 7%
$1,254,886
$1.3M
Cap Rate 9%
$976,022
$976.0K
Market Conditions
NOI Build-Up for 5,587 SF
Gross rent
$171.6K $30.72/SF
− Vacancy
−$25.2K −$4.52/SF
EGI
$146.4K $26.20/SF
− OpEx
−$58.6K −$10.48/SF
NOI
$87.8K $15.72/SF
Area
Harris County, TX
Vacancy
14.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,756,840
Cap Rate 7%
$1,254,886
Cap Rate 9%
$976,022
Alternative Uses
Best Use
Healthcare Medical
$1.25M
$1.10M – $1.46M
NOI $87,842 @ 7.0% cap · market cap 7.32%
Second Best
Office B
$1.05M
$914.8K – $1.22M
NOI $73,180 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.53M
$1.33M – $1.78M
NOI $106,788 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
Business Placement
Demographics for 77388, TX
51,483
Population
18,924
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
92%
High-School Grad
13.4 sq mi
ZIP Area
3,842
Density / Sq Mi
$101,588
Median Household Income
$53,925
Median Earnings
$1,809
Median Rent
$264,600
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
Frequently Asked Questions
What type of property is this?
Office building - Two professional office buildings with build-to-suit options and about 165 feet of frontage on Gosling Road.
Where is this office building located?
The property is located at 21919 Gosling Road Spring, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two 2‑story professional/medical office buildings in the New Gosling Road Office Complex (sale or lease).; Build‑to‑suit options with floor plans that include about 1,960 SF on the second floor.; Developer will deliver 400‑amp electrical service and fully energize the building upon contract execution.
