218 W Nasa Rd 1
Office | 19,182 SqFt
Marketing description
218 W NASA Rd 1 is a 19,182 SF single-story medical and office building on a hard corner in Webster's NASA Parkway District, near major hospital and healthcare campuses.
The property blends finished medical and general office suites with ±4,812 SF of shell space that can be demised into two suites at minimal cost, giving a buyer immediate flexibility and lease-up upside. It also includes ±3,316 SF of owner-occupied medical space and a ±3,313 SF common area from the original bank use that is easily repurposed for leasable area.
With existing medical-grade infrastructure, strong corner visibility, and pole signage, the building suits a wide range of users—medical, biotech/lab, general office, and flex—making it a rare owner-user or value-add opportunity in a high-demand Clear Lake submarket.
Investment highlights
- ±1.29 acres (56,126 SF) per current survey, with a single-story 19,182 SF medical/office building providing efficient land coverage on an infill Webster corner.
- Mix of finished medical and general office suites plus ±4,812 SF of shell space that can be demised into two suites, offering upside through targeted lease-up and build-to-suit medical tenancy.
- Existing medical-grade build-out supports healthcare, biotech/lab, professional office, and flex users; general office conversion may require additional reconfiguration capital.
- Hard-corner location on NASA Road 1 with pole signage delivers strong visibility and brand exposure for healthcare providers.
- Positioned in the City of Webster's NASA Parkway District near major hospital and healthcare campuses, within an established medical node.
- Priced to offer a basis expected to be below current replacement cost for comparable medical office construction.
- Partial owner-occupancy with vacancy provides flexibility for an owner-user, multi-tenant investor, or hybrid strategy.
- 1980s-vintage construction offers a functional framework with value-add potential through roof, HVAC, and facade upgrades to reposition versus newer competing product.
- Benefits from a strong daytime population across the NASA / Clear Lake / Webster employment base.
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