Leased Urgent Care Office
3101 S 27th Street Abilene, TX 79605
For Sale
$850,000
Medical office building is fully leased to an urgent care tenant through Sept. 30, 2029 under an NNN structure.
Property Size3,749 SF
Price / SF$226.73
Days on Market459
Property Features for 3101 S 27th Street
General Information
- Standard status
- Active
- Size
- 3,749 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing Agency:
Realty Trust Group Llc
(713) 893-7507
Listed By:
Colton Hager
Source:
Xome
Added: Apr 22, 2025
Changed: Jul 22
Last Checked: Jul 23 at 4:17AM
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 Realty Trust Group Llc
Investment Insights
Based on property information with market context.
This NNN medical office building is fully leased to Vital Care Urgent Care through September 30, 2029, with a five-year renewal option. The property has a long-term urgent care occupancy history dating back to September 2014. Owner responsibilities are described as minimal under the NNN framework, with the tenant paying direct utilities, internet, and janitorial.
Operating expense pass-throughs are outlined for Taxes, Insurance, and all other operating costs connected to management, maintenance, and ownership. The landlord is responsible, at its expense, for normal maintenance to the exterior walls, roof, and structural elements. The tenant is responsible for maintaining all interior portions and the HVAC, electrical, windows, sprinklers, and plumbing.
The property is positioned on a corner lot and is intended to support medical use as currently occupied, with the public remarks also referencing potential for medical and retail use going forward.
Operating expense pass-throughs are outlined for Taxes, Insurance, and all other operating costs connected to management, maintenance, and ownership. The landlord is responsible, at its expense, for normal maintenance to the exterior walls, roof, and structural elements. The tenant is responsible for maintaining all interior portions and the HVAC, electrical, windows, sprinklers, and plumbing.
The property is positioned on a corner lot and is intended to support medical use as currently occupied, with the public remarks also referencing potential for medical and retail use going forward.
Key Highlights
- Medical office building fully leased to Vital Care Urgent Care through Sept 30, 2029 with a 5‑year renewal option
- NNN lease structure: tenant pays direct utilities, internet, and janitorial; landlord expenses pass through include Taxes and Insurance and other operating costs
- Corner lot with city road access
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 | $76.5k | $20.40 |
| − Vacancy | −$5.0k | −$1.33 |
| EGI | $71.5k | $19.07 |
| − OpEx | −$28.6k | −$7.63 |
| NOI | $42.9k | $11.44 |
3,749 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$612.9K
$536.3K – $715.1K
NOI $42,905 @ 7.0% cap · market cap 5.05%
Second Best
Office B
$594.1K
$519.8K – $693.1K
NOI $41,586 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$837.0K
$732.4K – $976.5K
NOI $58,592 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Affordacare Urgent Care ...
Medical Clinic
Dr. Vidal O. ...
Pediatrician
Kimberlee Houghton, NP
Physician
Minor Emergency Clinics
Restaurant
FAQs
What type of property is this?
Medical center - Medical office building is fully leased to an urgent care tenant through Sept. 30, 2029 under an NNN structure.
Where is this medical center located?
The property is located at 3101 S 27th Street Abilene, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Medical office building fully leased to Vital Care Urgent Care through Sept 30, 2029 with a 5‑year renewal option; NNN lease structure: tenant pays direct utilities, internet, and janitorial; landlord expenses pass through include Taxes and Insurance and other operating costs; Corner lot with city road access
