Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    208 N Bonham Ave Cleveland, TX 77327

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Medical office space in the heart of Cleveland, Texas.

    Type:Office
    Property size:
    2,286 SF
    Price / SF:
    $174/SF
    Added:
    Jun 18, 2024
    Days on Market:
    681
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 208 N Bonham Ave

    General Information

    Standard status
    Active
    Size
    2,286 SF
    Property subtype
    Office

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Ethan Cameron

    Listing agent Ethan Cameron License #TX

    Listing office Cameron Real Estate

    Listing date Jun 18, 2024

    Source Crexi

    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 Cameron Real Estate

    Overview

    Cleveland Medical Office Space Available

    This medical office space is located in Cleveland, Texas. The building has a total area of 2286 square feet and includes patient treatment rooms, a conference room, a reception area, and a break room.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PULSE CLEVELAND MULTI-SPECIALTY Physician Tri County Pharmacy Pharmacy Mary Mckinney Pharmacy Pulse Cleveland | Cardiology ... Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Cleveland Animal Hospital — 1205 N Washington Ave, Cleveland, TX 77327

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.088089
    Latitude
    30.339133

    Nearby Similar for Sale

    • $269,000
      4,927 SF

      Versatile Facility with Event Potential

      Adaptable 5,000 sq ft facility suitable for various purposes.
      301 S Fenner Ave, Cleveland, TX
      View Details
    • $895,000
      6,917 SF

      Turnkey Event Venue For Sale

      Breathtaking property and turnkey event experience ready for unforgettable gatherings.
      105 County Road 2239, Cleveland, TX 77327
      View Details
    • $789,900
      960 SF

      Unrestricted Land with Multiple Residences

      8.43 acres with main home, guest house, and barns.
      197 County Road 348, Cleveland, TX 77327
      View Details
    • $9,950,000
      7,200 SF

      Historic Estate with Event Barn

      Unique 50-acre estate ideal as venue or retreat.
      3603 FM1725, Cleveland, TX 77328
      View Details
    • $449,000
      2,372 SF

      Ranch with Acreage and Potential

      9.93-acre ranch featuring two dwellings and animal stalls.
      101 A J Murry Road, Cleveland, TX 77328
      View Details
    • $425,000
      6,816 SF

      Commercial Building with Storage Shed

      Commercial building with storage and welding sheds, food truck tenant.
      21120 TX-105, Cleveland, TX
      View Details
    • $450,000
      1,400 SF

      New Duplex on Acreage

      Recently completed duplex on 7 acres near Conroe, Texas.
      3130 Pine Road, Cleveland, TX 77328
      View Details
    • Contact for pricing
      5,200 SF

      Retail Building on High-Traffic Corridor

      5,200 SF retail building in high-growth Houston area market.
      1009 East Houston Street, Cleveland, TX 77327
      View Details
    • $550,000

      Commercial Corner Property For Sale

      0.46 acre lot with 5,408 sq. ft. building.
      575 County Rd 3549, Cleveland, TX
      View Details
    • $4,354,800

      Retail Showroom with Warehouse Space

      13,750 SF retail showroom with warehouse on 19.41 acres.
      752 Highway 59 North Byp, Cleveland, TX
      View Details
    • $500,000
      2,800 SF

      Versatile Cleveland Commercial Building

      2,800 sq ft building suitable for warehouse or office.
      500 E Houston St, Cleveland, TX 77327
      View Details
    • $250,000

      San Jacinto County Brick Home

      Three-bedroom brick home on 3 acres in San Jacinto County.
      7555 Fm 1725 Rd, Cleveland, TX 77328
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space in the heart of Cleveland, Texas.
    Where is this medical office space located?
    The property is located at 208 N Bonham Ave Cleveland, TX.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Medical office space available in a prime location.; Located in the heart of Cleveland.; Includes patient treatment rooms.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ethan Cameron
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!