Medical Office Space with 2024
For Sale
$5,065,184
9212 Sienna Ranch Rd, Missouri City, TX 77459
Animal hospital property with a long-term lease and recently completed expansion.
Property Size9,215 SF
Days on Market23
Property Features for 9212 Sienna Ranch Rd
General Information
Standard status
Active
Size
9,215 SF
Property subtype
Commercial
Lease Term
± 10 Years
Net Operating Income
$316,574
Building Details
Building Size
9,215 SF
Year Renovated
2024
Listing Agency:
Matthews
(424) 277-6755
Listed By:
Cameron Davodi · License #02237200 (CA)
(424) 277-6755
Source:
Matthews
Added: Aug 2
Changed: Aug 23
Last Checked: Aug 24 at 3:07AM
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 Matthews
Investment Insights
Based on property information with market context.
This 9,215-square-foot medical office property operates as an animal hospital at 9212 Sienna Ranch Road in Missouri City, Texas. Constructed in 2011, the property benefited from a $2.4M expansion completed in 2024.
The asset is within the Houston MSA and is subject to a 10+ year lease with annual rent escalators. Its medical-office configuration and recent expansion provide a defined operating platform for the existing use.
The asset is within the Houston MSA and is subject to a 10+ year lease with annual rent escalators. Its medical-office configuration and recent expansion provide a defined operating platform for the existing use.
Key Highlights
- 9,215 SF medical office property
- Animal hospital use at 9212 Sienna Ranch Road, Missouri City, TX 77583
- $2.4M expansion completed in 2024
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
$153,227
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
3.03%
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%
$3,064,540
$3.1M
Cap Rate 7%
$2,188,957
$2.2M
Cap Rate 9%
$1,702,522
$1.7M
Market Conditions
NOI Build-Up for 9,215 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
$273.1K $29.64/SF
− Vacancy
−$17.8K −$1.93/SF
EGI
$255.4K $27.71/SF
− OpEx
−$102.2K −$11.09/SF
NOI
$153.2K $16.63/SF
Area
Fort Bend County, TX
Vacancy
6.50%
Lease Rate
$29.64 /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%
$3,064,540
Cap Rate 7%
$2,188,957
Cap Rate 9%
$1,702,522
Alternative Uses
Best Use
Healthcare Medical
$2.19M
$1.92M – $2.55M
NOI $153,227 @ 7.0% cap · market cap 3.03%
Second Best
Office B
$1.83M
$1.60M – $2.14M
NOI $128,249 @ 7.0% cap · market cap 2.53%
Theoretical Best
Multifamily LT 5
$114.80M
$100.45M – $133.93M
NOI $8,035,746 @ 7.0% cap · market cap 158.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77459, TX
79,731
Population
28,071
Households
2.8
Avg Household Size
40
Median Age
56%
College-Educated
95%
High-School Grad
31.3 sq mi
ZIP Area
2,547
Density / Sq Mi
$132,758
Median Household Income
$62,335
Median Earnings
$2,031
Median Rent
$367,700
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.
Similar Off Market Nearby
- Sienna Plantation Animal Hospital — 9212 Sienna Ranch Rd, Missouri City, TX 77459
- Missouri City Animal Veterinary Care — 9212 Sienna Ranch Rd, Missouri City, TX 77459
Frequently Asked Questions
What type of property is this?
Medical Office Space - Animal hospital property with a long-term lease and recently completed expansion.
Where is this medical office space located?
The property is located at 9212 Sienna Ranch Rd Missouri City, TX.
What is the asking price?
The asking price for this property is $5,065,184.
What are key features of this property?
This property features: 9,215 SF medical office property; Animal hospital use at 9212 Sienna Ranch Road, Missouri City, TX 77583; $2.4M expansion completed in 2024
