Versatile Medical/Office Building For
402 S John Redditt Drive Lufkin, TX 75904
For Sale
$5,900,000
22,959 SF medical/office building with pool and ample parking.
Property Size22,959 SF
Price / SF$256.98
Days on Market99
Property Features for 402 S John Redditt Drive
General Information
Standard status
Active
Size
22,959 SF
Property subtype
Commercial
Building Details
Year Built
2009
Listing Agency:
Gann Medford Real Estate Inc.
(936) 634-8888
Listed By:
Cindy Pierce · License #298618
(936) 414-2174
Source:
Signaturere
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 28 at 5:14PM
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 Gann Medford Real Estate Inc.
Investment Insights
Based on property information with market context.
This 22,959 square foot building features a first floor with a vestibule entrance including a stairwell and elevator, a reception waiting room, business reception, conference or break room, and an administration area. It also contains a nurses station, 7 exam rooms, a large therapy or gym room, a pediatric therapy room, a whirlpool room, and a speech therapy room, along with 2 private offices. An indoor pool measuring 2,740 square feet includes a ramp entry and therapy area, lap lanes, wheelchair accessibility, and is heated for year-round use. Men's and women's locker rooms are available. The second floor features a waiting area with a reception window. One suite, previously used for home health, includes a workroom, data room, marketing area, break room, and 3 private offices. The second suite, previously used as a sleep lab, includes a waiting room, reception area, file room, small conference room, break room, 4 exam rooms, a workstation, a private office, and 2 sleep labs. The property provides parking for 77 vehicles and has 212 feet of frontage on South John Redditt Drive.
Key Highlights
- Indoor pool (2,740 sq ft) with ramp entry, therapy area, lap lanes, wheelchair accessibility, and heated for year‑round use.
- Versatile layout suitable for medical, therapy, or office use with multiple exam rooms, therapy rooms, private offices, and reception areas.
- Ample parking with space for 77 vehicles.
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 | $545.5k | $23.76 |
| − Vacancy | −$149.5k | −$6.51 |
| EGI | $396.0k | $17.25 |
| − OpEx | −$99.0k | −$4.31 |
| NOI | $297.0k | $12.94 |
22,959 SF · lease $23.76/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.24M
$3.71M – $4.95M
NOI $297,028 @ 7.0% cap · market cap 5.03%
Second Best
Healthcare Medical
$2.56M
$2.24M – $2.99M
NOI $179,214 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$6.47M
$5.66M – $7.55M
NOI $452,944 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Rehabilitation center - 22,959 SF medical/office building with pool and ample parking.
Where is this rehabilitation center located?
The property is located at 402 S John Redditt Drive Lufkin, TX.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Indoor pool (2,740 sq ft) with ramp entry, therapy area, lap lanes, wheelchair accessibility, and heated for year‑round use.; Versatile layout suitable for medical, therapy, or office use with multiple exam rooms, therapy rooms, private offices, and reception areas.; Ample parking with space for 77 vehicles.
