Medical Office Building Near Hospital
For Sale
Contact for pricing
6 Professional Park Dr, Webster, TX 77598
The property carries C-3 Commercial zoning within a concentrated medical-provider district in Webster.
Property Size6,122 SF
Price / SF$270
Days on Market158
Property Features for 6 Professional Park Dr
General Information
Standard status
Active
Size
6,122 SF
Class
B
Property subtype
Office
Zoning
C-3 Commercial
Investment Type
Owner/User
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
1
Listing Agency:
Zann Commercial Brokerage, Inc.
(281) 280-8088
Listed By:
Jason Kieschnick · License #TX 512911
Source:
Crexi
Added: Mar 27
Changed: Aug 30
Last Checked: Aug 30 at 9:58PM
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 Zann Commercial Brokerage, Inc.
Investment Insights
Based on property information with market context.
This medical office building contains 6,122 square feet and was constructed in 1979. The property is zoned C-3 Commercial and offers an established setting for medical office operations.
Located at 6 Professional Park Dr in Webster, the building is within the Clear Lake Medical Center district. Nearby medical institutions identified for the area include Clear Lake Regional Hospital, University of Texas Medical Branch Clear Lake Campus, and Physicians' Hospital. The site also provides parking and access to heavily traveled area roadways.
Located at 6 Professional Park Dr in Webster, the building is within the Clear Lake Medical Center district. Nearby medical institutions identified for the area include Clear Lake Regional Hospital, University of Texas Medical Branch Clear Lake Campus, and Physicians' Hospital. The site also provides parking and access to heavily traveled area roadways.
Key Highlights
- 6,122‑square‑foot medical office building
- C‑3 Commercial zoning
- Built in 1979
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
$96,253
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
5.82%
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%
$1,925,060
$1.9M
Cap Rate 7%
$1,375,043
$1.4M
Cap Rate 9%
$1,069,478
$1.1M
Market Conditions
NOI Build-Up for 6,122 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
$188.1K $30.72/SF
− Vacancy
−$27.6K −$4.52/SF
EGI
$160.4K $26.20/SF
− OpEx
−$64.2K −$10.48/SF
NOI
$96.3K $15.72/SF
Area
Harris County, TX
Vacancy
14.70%
Lease Rate
$30.72 /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%
$1,925,060
Cap Rate 7%
$1,375,043
Cap Rate 9%
$1,069,478
Alternative Uses
Best Use
Healthcare Medical
$1.38M
$1.20M – $1.60M
NOI $96,253 @ 7.0% cap · market cap 5.82%
Second Best
Office B
$1.15M
$1.00M – $1.34M
NOI $80,187 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,013 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,740
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77598, TX
25,620
Population
13,337
Households
1.9
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,100
Density / Sq Mi
$59,758
Median Household Income
$45,190
Median Earnings
$1,279
Median Rent
$228,700
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 - The property carries C-3 Commercial zoning within a concentrated medical-provider district in Webster.
Where is this medical office space located?
The property is located at 6 Professional Park Dr Webster, TX.
What is the asking price?
The asking price for this property is $1,652,940.
What are key features of this property?
This property features: 6,122‑square‑foot medical office building; C‑3 Commercial zoning; Built in 1979
