Medical Office Unit For
31308 Nichols Sawmill Rd Magnolia, TX 77355
31308 Nichols Sawmill Rd, Magnolia, TX, 77355
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For Sale
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Medical office unit available for purchase, featuring 1,512 square feet.
Property Size1,512 SF
Price / SF$280.93
Days on Market954
Property Features for 31308 Nichols Sawmill Rd
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Property subtype
- Office
Building Details
- Year Built
- 2024
Listing Agency
Aspire Commercial
Listed by
Jared Starnes · License #827721
Source
Crexi
Added: Dec 7, 2023 Checked: Jul 17 at 1:14 pm
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 Aspire Commercial
Investment Insights
Based on property information with market context.
A 1,512 square foot medical unit is available for sale. This unit is located in Building 7.
Key Highlights
- New construction completed in 2024
- Ideal medical office space for sale
- Unit B available, offering 1,512 sq ft
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $29.64 |
| − Vacancy | −$7.5k | −$4.98 |
| EGI | $37.3k | $24.66 |
| − OpEx | −$14.9k | −$9.86 |
| NOI | $22.4k | $14.80 |
1,512 SF · lease $29.64/SF/yr · vacancy 16.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$319.6K
$279.7K – $372.9K
NOI $22,372 @ 7.0% cap · market cap 5.27%
Second Best
Office B
$253.2K
$221.6K – $295.4K
NOI $17,726 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$381.7K
$334.0K – $445.3K
NOI $26,720 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Shady Brook Animal Hospital — 29607 Nichols Sawmill Rd, Magnolia, TX 77355
FAQs
What type of property is this?
Medical Office Space - Medical office unit available for purchase, featuring 1,512 square feet.
Where is this medical office space located?
The property is located at 31308 Nichols Sawmill Rd Magnolia, TX.
What is the asking price?
The asking price for this property is $424,760.
What are key features of this property?
This property features: New construction completed in 2024; Ideal medical office space for sale; Unit B available, offering 1,512 sq ft
