Senior Housing Retirement
For Sale
Contact for pricing
9202 ASHVILLE DR, Houston, TX 77051
For sale senior housing healthcare property at 9202 Ashville Dr with 3,732 square feet of facility space.
Property Size3,732 SF
Price / SF$241.16
Days on Market103
Property Features for 9202 ASHVILLE DR
General Information
Standard status
Active
Size
3,732 SF
Class
C
Property subtype
Hospitality, Land, Senior Living
Zoning
Commercial
Building Details
Year Built
2009
Buildings
2
Units
3
Listing Agency:
Guillory Real Estate Group
Listed By:
Keith Guillory · License #TX
(713) 927-5113
Source:
Crexi
Added: May 28
Changed: Aug 25
Last Checked: Sep 4 at 9:43PM
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 Guillory Real Estate Group
Investment Insights
Based on property information with market context.
This offering is a senior housing and retirement facility classified as a healthcare property. The property is listed for sale and consists of 3,732 square feet of facility space, suitable for an operator looking for an established senior-focused healthcare environment. The listing information provided focuses on the asset type and overall size of the building.
The property is located at 9202 Ashville Dr in Houston, Texas. As presented, the available details do not specify additional site characteristics such as frontage, access features, interior layout specifics, or on-site amenities. Prospective buyers should confirm all operational and building specifics directly during due diligence.
From a tenant and operator fit perspective, the property’s classification as senior housing and a retirement home supports use by organizations serving an older adult population within a healthcare context. If you are evaluating a purchase, it will be important to review the facility’s existing configuration and suitability for your staffing and resident-care model, along with any permitting and regulatory requirements tied to senior housing operations. This listing provides a straightforward basis to begin underwriting and feasibility review for a senior-focused healthcare facility in Houston.
The property is located at 9202 Ashville Dr in Houston, Texas. As presented, the available details do not specify additional site characteristics such as frontage, access features, interior layout specifics, or on-site amenities. Prospective buyers should confirm all operational and building specifics directly during due diligence.
From a tenant and operator fit perspective, the property’s classification as senior housing and a retirement home supports use by organizations serving an older adult population within a healthcare context. If you are evaluating a purchase, it will be important to review the facility’s existing configuration and suitability for your staffing and resident-care model, along with any permitting and regulatory requirements tied to senior housing operations. This listing provides a straightforward basis to begin underwriting and feasibility review for a senior-focused healthcare facility in Houston.
Key Highlights
- Senior housing/healthcare property built in 2009
- 3,732 sq ft of facility space
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
$42,280
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
4.70%
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%
$845,600
$845.6K
Cap Rate 7%
$604,000
$604.0K
Cap Rate 9%
$469,778
$469.8K
Market Conditions
NOI Build-Up for 3,732 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
$82.0K $21.96/SF
− Vacancy
−$5.1K −$1.36/SF
EGI
$76.9K $20.60/SF
− OpEx
−$34.6K −$9.27/SF
NOI
$42.3K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$845,600
Cap Rate 7%
$604,000
Cap Rate 9%
$469,778
Alternative Uses
Best Use
Apartment 5plus
$604.0K
$528.5K – $704.7K
NOI $42,280 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$959.7K
$839.7K – $1.12M
NOI $67,176 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77051, TX
18,323
Population
7,453
Households
2.5
Avg Household Size
34
Median Age
15%
College-Educated
78%
High-School Grad
7.4 sq mi
ZIP Area
2,476
Density / Sq Mi
$40,030
Median Household Income
$31,914
Median Earnings
$1,332
Median Rent
$171,900
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Building and Restoring Hope Adult Day Care — 4139 kewanee st, houston, tx 77051
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - For sale senior housing healthcare property at 9202 Ashville Dr with 3,732 square feet of facility space.
Where is this senior housing / retirement home located?
The property is located at 9202 ASHVILLE DR Houston, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Senior housing/healthcare property built in 2009; 3,732 sq ft of facility space
