Value-Add Medical Office
2501 Jimmy Johnson Blvd Port Arthur, TX 77640
2501 Jimmy Johnson Blvd, Port Arthur, TX, 77640
$19,975,000
For Sale
$19,975,000
Well-maintained MOB adjacent to an acute care hospital, offering an established tenancy base and upside for incremental cash flow.
Property Size117,479 SF
Price / SF$170.03
Days on Market48
Property Features for 2501 Jimmy Johnson Blvd
General Information
- Standard status
- Active
- Size
- 117,479 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency
(713) 452-4243
Listed by
Keith E. Lloyd · License #License(s): TX: 307120
(713) 452-4243
Source
Marcusmillichap
Added: Jun 1 Checked: Jul 17 at 2:14 am
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 Keith E. Lloyd
Investment Insights
Based on property information with market context.
The Regional Professional Building is a well-maintained medical office building built to support day-to-day healthcare delivery, with a practical layout and ample surface parking for patient and staff convenience. The property is home to a diversified range of medical services, including cardiology, orthopedics, and primary care, creating a mix intended to reduce reliance on any single specialty. At approximately 117,479 square feet, the building is positioned as a value-add investment with opportunities to enhance cash flow through leasing, rental rate optimization, and potential operational efficiencies.
The asset’s location is directly adjacent to a 204-bed acute care hospital operated by Healthcare Systems of America, creating a tightly integrated medical ecosystem. The hospital’s multiple distinctions and accreditations support its role as a key regional provider. The surrounding area also includes hospitality, dining, and retail amenities, with eight hotels in the immediate vicinity, one under development, helping reinforce ongoing business and visitor demand across the Beaumont-Port Arthur MSA.
For investors and healthcare operators, the building’s established tenancy and specialty breadth align well with ongoing patient demand generated by a regional medical hub. Its proximity to a major acute care facility supports long-term occupancy durability, while the property’s condition and centralized reach across nearby communities can help sustain interest from medical practices seeking a stable platform for growth.
The asset’s location is directly adjacent to a 204-bed acute care hospital operated by Healthcare Systems of America, creating a tightly integrated medical ecosystem. The hospital’s multiple distinctions and accreditations support its role as a key regional provider. The surrounding area also includes hospitality, dining, and retail amenities, with eight hotels in the immediate vicinity, one under development, helping reinforce ongoing business and visitor demand across the Beaumont-Port Arthur MSA.
For investors and healthcare operators, the building’s established tenancy and specialty breadth align well with ongoing patient demand generated by a regional medical hub. Its proximity to a major acute care facility supports long-term occupancy durability, while the property’s condition and centralized reach across nearby communities can help sustain interest from medical practices seeking a stable platform for growth.
Key Highlights
- Medical office building (MOB) built in 2006 and described as well‑maintained
- Directly adjacent to a 204‑bed acute care hospital operated by Healthcare Systems of America (HSA)
- Hospital‑adjacent medical ecosystem with established tenancy, supporting long‑term occupancy focus
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 | $2.38M | $20.28 |
| − Vacancy | −$271.6k | −$2.31 |
| EGI | $2.11M | $17.97 |
| − OpEx | −$527.7k | −$4.49 |
| NOI | $1.58M | $13.48 |
117,479 SF · lease $20.28/SF/yr · vacancy 11.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$22.62M
$19.79M – $26.39M
NOI $1,583,154 @ 7.0% cap · market cap 7.93%
Second Best
Healthcare Medical
$22.59M
$19.77M – $26.35M
NOI $1,581,280 @ 7.0% cap · market cap 7.92%
Theoretical Best
Multifamily LT 5
$1,319.93M
$1,154.94M – $1,539.91M
NOI $92,394,813 @ 7.0% cap · market cap 462.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Texas Oncology-Port Arthur
Medical Clinic
Srinivas Kodali, M.D.
Physician
Syed Akhtar, M.D.
Physician
Kristine Banks, MD
Physician
Dr. Kristine Banks ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
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FAQs
What type of property is this?
Medical Office Space - Well-maintained MOB adjacent to an acute care hospital, offering an established tenancy base and upside for incremental cash flow.
Where is this medical office space located?
The property is located at 2501 Jimmy Johnson Blvd Port Arthur, TX.
What is the asking price?
The asking price for this property is $19,975,000.
What are key features of this property?
This property features: Medical office building (MOB) built in 2006 and described as well‑maintained; Directly adjacent to a 204‑bed acute care hospital operated by Healthcare Systems of America (HSA); Hospital‑adjacent medical ecosystem with established tenancy, supporting long‑term occupancy focus
