Turnkey Two-Story Medical
For Sale
Contact for pricing
3519 S Town Center S, Sugar Land, TX 77479
Two-story medical office built out with exam rooms, offices, reception, and administrative space.
Property Size6,106 SF
Price / SF$319.36
Days on Market293
Property Features for 3519 S Town Center S
General Information
Standard status
Active
Size
6,106 SF
Property subtype
OFFICE
Building Details
Stories
2
Listing Agency:
TC Global Commercial
Listed By:
Taro Chellaram · License #547624
(832) 858-3855
Source:
Moodyscre
Added: Nov 29, 2025
Changed: Sep 6
Last Checked: Sep 16 at 6:03PM
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 TC Global Commercial
Investment Insights
Based on property information with market context.
3519 Town Center Blvd, Unit B is a two-story medical office offering a turnkey, professionally maintained clinical build-out. The first floor provides purpose-built space for multi-provider operations, including 13 fully enclosed exam rooms, six private offices, a reception area, and a patient waiting room, along with two kitchen and break areas, multiple storage rooms, and three restrooms. Natural light and clear separation between patient and staff areas support an efficient patient flow.
Unit B is located directly across from the Houston Methodist Sugar Land Hospital campus and is surrounded by established medical users within Sugar Land’s healthcare district.
The second floor features open-concept space suitable for administrative and operational functions, including billing and revenue cycle support, provider workstations, training, telemedicine, and care coordination. Together, the two-story configuration provides separation between clinical and administrative areas while offering flexible use for evolving practice needs.
Unit B is located directly across from the Houston Methodist Sugar Land Hospital campus and is surrounded by established medical users within Sugar Land’s healthcare district.
The second floor features open-concept space suitable for administrative and operational functions, including billing and revenue cycle support, provider workstations, training, telemedicine, and care coordination. Together, the two-story configuration provides separation between clinical and administrative areas while offering flexible use for evolving practice needs.
Key Highlights
- Two‑story medical office totaling approx. 6,106 SF, built out for immediate medical use
- First floor approx. 4,603 SF: 13 fully enclosed exam rooms (many with sinks) plus six private offices
- Includes large reception and patient waiting area, plus two kitchen/break areas, multiple storage rooms, and three restrooms
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
$71,220
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
3.65%
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%
$1,424,400
$1.4M
Cap Rate 7%
$1,017,429
$1.0M
Cap Rate 9%
$791,333
$791.3K
Market Conditions
NOI Build-Up for 6,106 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
$131.9K $21.60/SF
− Vacancy
−$13.2K −$2.16/SF
EGI
$118.7K $19.44/SF
− OpEx
−$47.5K −$7.78/SF
NOI
$71.2K $11.66/SF
Area
Sugar Land, TX
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,424,400
Cap Rate 7%
$1,017,429
Cap Rate 9%
$791,333
Alternative Uses
Best Use
Healthcare Medical
$1.02M
$890.3K – $1.19M
NOI $71,220 @ 7.0% cap · market cap 3.65%
Second Best
Office B
$630.6K
$551.7K – $735.7K
NOI $44,139 @ 7.0% cap · market cap 2.26%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,772 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,255
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77479, TX
93,180
Population
30,680
Households
3
Avg Household Size
41
Median Age
68%
College-Educated
96%
High-School Grad
32.7 sq mi
ZIP Area
2,850
Density / Sq Mi
$162,381
Median Household Income
$73,630
Median Earnings
$1,997
Median Rent
$462,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office built out with exam rooms, offices, reception, and administrative space.
Where is this medical office space located?
The property is located at 3519 S Town Center S Sugar Land, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two‑story medical office totaling approx. 6,106 SF, built out for immediate medical use; First floor approx. 4,603 SF: 13 fully enclosed exam rooms (many with sinks) plus six private offices; Includes large reception and patient waiting area, plus two kitchen/break areas, multiple storage rooms, and three restrooms
