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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    117 Gaslight Medical Pkwy Lufkin, TX 75904-3150

    • Medical offices
    • 15,860 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    $2,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6967598
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Surgery Center at Woodland Heights / Medical Clinic / Hospital

    Property Details for 117 Gaslight Medical Pkwy

    Year built
    2005
    Lot size
    1.80 lot acres
    Property size
    15,860 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    4223M-356-001-002-00
    APU
    4223M35600100200

    Description

    This exceptional investment opportunity presents a portfolio of four single-tenant medical office buildings totaling 43,555 square feet, located at 117 Gaslight Medical Parkway, Lufkin, TX 75904. The property is 100% occupied by Woodland Heights Medical Center, a subsidiary of Community Health Systems (NYSE: CHS), under a NN+ lease with 5.7 years remaining and 2% annual rent bumps. The lease commenced December 1, 2019, and expires July 31, 2030. The portfolio generates a substantial net operating income (NOI) of $1,083,408, representing an attractive 8.50% capitalization rate. Built in 2006, the one-story buildings sit on a 5.23-acre lot. The portfolio includes a diagnostic imaging center, a former ambulatory surgical center, a medical clinic, and an urgent care and physical therapy center. Its strategic location adjacent to a 149-bed hospital and a high-traffic Walmart (4.1 million annual visits) ensures strong tenant performance and long-term stability. The property benefits from $621,000 in tenant improvements funded in 2019 and limited landlord responsibilities. This is a rare opportunity to acquire a well-performing, net-lease medical office portfolio in a tax-advantaged state, backed by a financially strong national hospital operator. The asking price is $12,746,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,065,000
      6.5%
      $1,905,000
      7%
      $1,770,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,332,000
      Market price range: $990k - $2.59M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,770,000
      Current use
      RESTAURANT
      $2,690,000
      Change: +52% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,830,000
      Change: +3% Conversion: Easy
      OFFICE BUILDING
      $1,760,000
      Change: -0% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lufkin
    County
    Angelina
    State
    Texas
    Longitude
    -94.7498
    Latitude
    31.3327
    CBSA code
    31260
    CBSA name
    LUFKIN, TX MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $42,804
    $352,050
    $1,746,950
    $2,099,000
    -
    $352,050
    $1,746,950
    $2,099,000

    Comparable in this City

    • Value Estimation
      $1,020,000
      9,272 SF

      Lufkin, TX 75904

      MEDICAL BUILDING • 9,272 SF
      Lufkin, TX 75904
      View Details
    • Value Estimation
      $1,255,000
      9,600 SF

      525 Brentwood

      MEDICAL BUILDING • 9,600 SF
      525 Brentwood, Lufkin, TX 75904-7124
      View Details
    • Value Estimation by Request
      3,070 SF

      111 Christie Dr

      MEDICAL BUILDING • 3,070 SF
      111 Christie Dr, Lufkin, TX 75904-5575
      View Details
    • Value Estimation by Request
      3,875 SF

      107 Christie Dr

      MEDICAL BUILDING • 3,875 SF
      107 Christie Dr, Lufkin, TX 75904-5575
      View Details
    • Value Estimation by Request
      2,750 SF

      1609 Frank Ave

      MEDICAL BUILDING • 2,750 SF
      1609 Frank Ave, Lufkin, TX 75904-3103
      View Details
    • Value Estimation
      $740,000
      12,672 SF

      1306 Frank Ave

      MEDICAL BUILDING • 12,672 SF
      1306 Frank Ave, Lufkin, TX 75904-3313
      View Details

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    Lufkin, TX 75904-3150
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    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
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