Medical Office Building Anchored by U.S. Renal
8181 N Stadium Dr, Houston, TX 77054
For Sale
$4,197,525
U.S. Renal Care occupies most of the building, with additional space available for lease-up.
Property Size14,705 SF
Price / SF$309.57
Days on Market47
Property Features for 8181 N Stadium Dr
General Information
Standard status
Size
Property subtype
Occupancy
Financials
Cap Rate
Opportunity Zone
Site & Location
Neighborhood
Amenities
U.S. RENAL CARE ANCHOR TENANT: 86% leased to U.S. Renal Care, one of the nation's largest dialysis providers, delivering stable occupancy and long-term healthcare tenancy
LEASE-UP UPSIDE: Available vacancy provides investors an opportunity to increase income through future leasing activity while benefiting from existing in-place cash flow
TEXAS MEDICAL CENTER PROXIMITY: Located minutes from the Texas Medical Center, the world's largest medical complex and one of Houston's most significant employment centers
STADIUM & PARK ACCESS: Adjacent to Reliant Stadium and Reliant Park (formerly NRG), a major destination for sporting events, conventions, concerts, and year-round visitor traffic
IMPROVING HOUSTON OFFICE FUNDAMENTALS: Houston office demand continues to improve with positive absorption trends and investor activity supported by population growth and a diverse regional economy
TAX-ADVANTAGED TEXAS LOCATION: Texas' lack of state income tax can enhance after-tax investment returns compared to many competing markets
OPPORTUNITY ZONE LOCATION: Opportunity Zone designation may provide tax-advantaged investment benefits for qualified investors
Building Details
Building Size
Year Built
Listing Agency:
Marcus & Millichap - Encino
Listed By:
Lior Regenstreif
(818) 212-2730
Source:
Marcusmillichap
Added: Sep 26
Changed: Nov 8
Last Checked: Nov 10 at 5:02AM
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 Marcus & Millichap - Encino
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Investment Insights
Based on property information with market context.
This 13,559-square-foot medical office property was built in 1980. U.S. Renal Care occupies 86% of the building, and the remaining space is vacant, providing an opportunity for lease-up.
The property is at 8181 N Stadium Dr in Houston, minutes from the Texas Medical Center and adjacent to Reliant Park. It carries an Opportunity Zone designation.
The property is at 8181 N Stadium Dr in Houston, minutes from the Texas Medical Center and adjacent to Reliant Park. It carries an Opportunity Zone designation.
Key Highlights
- 13,559‑square‑foot medical office property built in 1980
- U.S. Renal Care occupies 86% of the building
- Vacant space remains available for lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,511
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,690,220
$3.7M
Cap Rate 7%
$2,635,871
$2.6M
Cap Rate 9%
$2,050,122
$2.1M
Market Conditions
NOI Build-Up for 13,559 SF
Gross rent
$341.7K $25.20/SF
− Vacancy
−$34.2K −$2.52/SF
EGI
$307.5K $22.68/SF
− OpEx
−$123.0K −$9.07/SF
NOI
$184.5K $13.61/SF
Area
Houston, TX
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,690,220
Cap Rate 7%
$2,635,871
Cap Rate 9%
$2,050,122
Alternative Uses
Best Use
Healthcare Medical
$2.64M
$2.31M – $3.08M
NOI $184,511 @ 7.0% cap · market cap 4.40%
Second Best
Office B
$2.26M
$1.98M – $2.64M
NOI $158,152 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$3.49M
$3.05M – $4.07M
NOI $244,062 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,132
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 77054, TX
24,419
Population
18,845
Households
1.3
Avg Household Size
31
Median Age
65%
College-Educated
98%
High-School Grad
5.3 sq mi
ZIP Area
4,607
Density / Sq Mi
$59,087
Median Household Income
$48,452
Median Earnings
$1,413
Median Rent
$173,000
Median Home Value
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Market
Properties on Market for Medical Office Space in Houston
Vacancy Rate% for Office in Houston, TX
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Frequently Asked Questions
What type of property is this?
Medical Office Space - U.S. Renal Care occupies most of the building, with additional space available for lease-up.
Where is this medical office space located?
The property is located at 8181 N Stadium Dr Houston, TX.
What is the asking price?
The asking price for this property is $4,197,525.
What are key features of this property?
This property features: 13,559‑square‑foot medical office property built in 1980; U.S. Renal Care occupies 86% of the building; Vacant space remains available for lease‑up
