Medical Office Space with
For Sale
$1,300,000
3180 Central Mall Dr, Port Arthur, TX 77642
Flexible medical layout with exam rooms, private offices, executive suites, and staff support areas.
Property Size6,000 SF
Price / SF$216.67
Days on Market54
Property Features for 3180 Central Mall Dr
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Industrial
Listing Agency:
RE/MAX ONE
(409) 351-2103
Listed By:
Dana Johnson · License #479461
(409) 351-2103
Source:
Danajohnsonteam.idxbroker
Added: Jul 9
Changed: Aug 30
Last Checked: Aug 30 at 2:32PM
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 RE/MAX ONE
Investment Insights
Based on property information with market context.
This 6,000 SF medical office property at 3180 Central Mall Dr offers a flexible arrangement for clinical and professional operations. The interior includes private offices, exam rooms, executive suites, reception space, administrative areas, staff areas, and a substantial waiting area. A 2500 square foot garage and storage component adds three roll-up doors and practical back-of-house capacity.
Positioned behind Central Mall in Port Arthur, the property benefits from visibility and access to major thoroughfares. The surrounding setting includes big-box retailers, restaurants, and complementary professional services, creating a commercial environment suited to an established office or medical practice.
Positioned behind Central Mall in Port Arthur, the property benefits from visibility and access to major thoroughfares. The surrounding setting includes big-box retailers, restaurants, and complementary professional services, creating a commercial environment suited to an established office or medical practice.
Key Highlights
- 6,000 SF professional office building
- 2500 square foot garage/storage area
- 3 roll up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,617,120
$1.6M
Cap Rate 7%
$1,155,086
$1.2M
Cap Rate 9%
$898,400
$898.4K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$121.7K $20.28/SF
− Vacancy
−$13.9K −$2.31/SF
EGI
$107.8K $17.97/SF
− OpEx
−$27.0K −$4.49/SF
NOI
$80.9K $13.48/SF
Area
Jefferson County, TX
Vacancy
11.40%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,617,120
Cap Rate 7%
$1,155,086
Cap Rate 9%
$898,400
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,856 @ 7.0% cap · market cap 6.22%
Second Best
Healthcare Medical
$1.15M
$1.01M – $1.35M
NOI $80,761 @ 7.0% cap · market cap 6.21%
Theoretical Best
Multifamily LT 5
$67.41M
$58.99M – $78.65M
NOI $4,718,876 @ 7.0% cap · market cap 362.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,021
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77642, TX
39,017
Population
16,234
Households
2.4
Avg Household Size
34
Median Age
11%
College-Educated
74%
High-School Grad
19.7 sq mi
ZIP Area
1,981
Density / Sq Mi
$41,677
Median Household Income
$35,108
Median Earnings
$944
Median Rent
$96,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible medical layout with exam rooms, private offices, executive suites, and staff support areas.
Where is this medical office space located?
The property is located at 3180 Central Mall Dr Port Arthur, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,000 SF professional office building; 2500 square foot garage/storage area; 3 roll up doors
