Rehabilitation Center with Indoor
For Sale
$5,900,000
402 S John Redditt Dr, Lufkin, TX 75904
Healthcare facility with clinical rooms, therapy areas, offices, and an indoor pool.
Property Size22,959 SF
Price / SF$256.98
Days on Market41
Property Features for 402 S John Redditt Dr
General Information
Standard status
Active
Size
22,959 SF
Total Parking Spaces
77
Elevators
Yes
Additional Details
Road Access
Yes
Amenities
indoor pool
conference/break room
Building Details
Year Built
2009
Buildings
1
Stories
2
Listing Agency:
Gann Medford Real Estate Inc.
(936) 634-8888
Listed By:
Cindy Pierce · License #298618
Source:
Heritance
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 4:50AM
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.
Built in 2009, this two-story rehabilitation facility combines patient-care, therapy, administrative, and office functions. The first floor includes reception and waiting areas, a conference or break room, administrative space, a nurses station, 7 exam rooms, therapy rooms, a gym, private offices, and an indoor aquatic facility with men’s and women’s locker rooms. An elevator serves the building.
The second floor contains two suites with reception and waiting areas, workrooms, offices, support rooms, and specialized clinical layouts. One suite includes 2 sleep labs and 4 exam rooms, while the other offers 3 private offices and a dedicated data room. The heated indoor pool measures 2,740 sq ft and includes lap lanes, ramp entry, wheelchair accessibility, and a therapy area.
The property provides parking for 77 vehicles and has 212 feet of frontage on South John Redditt in Lufkin, Texas. Zoning is Commercial.
The second floor contains two suites with reception and waiting areas, workrooms, offices, support rooms, and specialized clinical layouts. One suite includes 2 sleep labs and 4 exam rooms, while the other offers 3 private offices and a dedicated data room. The heated indoor pool measures 2,740 sq ft and includes lap lanes, ramp entry, wheelchair accessibility, and a therapy area.
The property provides parking for 77 vehicles and has 212 feet of frontage on South John Redditt in Lufkin, Texas. Zoning is Commercial.
Key Highlights
- Rehabilitation facility built in 2009 with two floors of clinical, therapy, administrative, and office space
- Heated indoor pool measures 2,740 sq ft and includes lap lanes, ramp entry, wheelchair accessibility, and therapy area
- First floor includes 7 exam rooms, gym, therapy rooms, nurses station, private offices, and locker rooms
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
$297,028
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
5.03%
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%
$5,940,560
$5.9M
Cap Rate 7%
$4,243,257
$4.2M
Cap Rate 9%
$3,300,311
$3.3M
Market Conditions
NOI Build-Up for 22,959 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
$545.5K $23.76/SF
− Vacancy
−$149.5K −$6.51/SF
EGI
$396.0K $17.25/SF
− OpEx
−$99.0K −$4.31/SF
NOI
$297.0K $12.94/SF
Area
Angelina County, TX
Vacancy
27.40%
Lease Rate
$23.76 /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%
$5,940,560
Cap Rate 7%
$4,243,257
Cap Rate 9%
$3,300,311
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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 75904, TX
34,680
Population
14,829
Households
2.3
Avg Household Size
38
Median Age
19%
College-Educated
88%
High-School Grad
160.5 sq mi
ZIP Area
216
Density / Sq Mi
$59,325
Median Household Income
$36,711
Median Earnings
$1,086
Median Rent
$173,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Healthcare facility with clinical rooms, therapy areas, offices, and an indoor pool.
Where is this rehabilitation center located?
The property is located at 402 S John Redditt Dr 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: Rehabilitation facility built in 2009 with two floors of clinical, therapy, administrative, and office space; Heated indoor pool measures 2,740 sq ft and includes lap lanes, ramp entry, wheelchair accessibility, and therapy area; First floor includes 7 exam rooms, gym, therapy rooms, nurses station, private offices, and locker rooms
