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Property profile & analytics
OFF-MARKET Estimated value $1,225,000
Medical Office Space

10 Medical Ctr Blvd Lufkin, TX 75904-3173

24,920 SF 2.6 ac lot Built 1993
Individually Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US82-5423129
Property summary
AI-generated overview

This exceptional 24,920-square-foot medical office building, located at 10 Medical Center Blvd, Lufkin, TX 75904, presents a unique investment opportunity. Constructed in 1993, the property is zoned C-Commercial and situated in Angelina County, conveniently located near Gaslight Blvd. The building features three suites, currently fully vacant, offering a total of 24,920 square feet of adaptable space. Suite sizes range from 1,665 to 4,438 square feet, providing flexibility for various medical practices or other compatible businesses. The building's design includes a reception area, multiple treatment rooms, individual offices, and a staff break room/kitchen. One office suite even boasts a private full bathroom. Ample parking is available with 50 spaces. This property offers significant potential for a single tenant or multiple occupants seeking a well-appointed space in a desirable location. The building's size and layout provide a strong foundation for a thriving medical practice or other professional business. The property's strategic location and ample parking make it an attractive option for both patients and employees. This is a rare opportunity to acquire a substantial medical office building in a growing Texas market.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1993
Total area 24,920 SF
Lot 2.6 ac (113,169 SF)
APN 6930-356-001-001-00
UPID US82-5423129
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Brent Martin Physician
  • Texas Spine Care Institute Physician
  • Texas Spine Care Institute: Hackbarth Mark A MD Physician
  • Dr. James R. Martin, DO Physician
  • Koch Rebekah W MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.56M
Blend (final) Blend
$1.23M
Owner & transaction history
Mathew Cherry · 11 yrs held
Mathew Cherry
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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