Medical Office Building with Freeway
10655 Eastex Freeway, Houston, TX 77093
For Sale
Contact for pricing
The property combines a former dialysis facility, an on-site billboard, and direct access to a major Houston route.
Property Size6,621 SF
Lot Size1.69 Acres
Price / SF$347.38
Days on Market47
Property Features for 10655 Eastex Freeway
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Condition
Property Use
Medical Specialty
Amenities
billboard
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Oldham Goodwin Group
Listed By:
Aaron Morris, CCIM · License #TX 642696
(713) 585-5715
Source:
Crexi
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 5:41PM
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 Oldham Goodwin Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2005, the medical office building contains 6,621 square feet and occupies 0.59 acres. The property also includes 1.10 acres of vacant land. Previously used for dialysis care, the building is suited to continued healthcare use or retail repositioning.
Located along Eastex Freeway (US-59/I-69) in Houston, the site has three points of ingress and egress. An included billboard and freeway exposure are associated with reported daily traffic of nearly 225,000 vehicles.
Located along Eastex Freeway (US-59/I-69) in Houston, the site has three points of ingress and egress. An included billboard and freeway exposure are associated with reported daily traffic of nearly 225,000 vehicles.
Key Highlights
- 6,621‑square‑foot medical office building constructed in 2005
- Existing building previously operated as a dialysis facility
- Includes 0.59‑acre building site and 1.10 acres of vacant land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,099
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,801,980
$1.8M
Cap Rate 7%
$1,287,129
$1.3M
Cap Rate 9%
$1,001,100
$1.0M
Market Conditions
NOI Build-Up for 6,621 SF
Gross rent
$166.8K $25.20/SF
− Vacancy
−$16.7K −$2.52/SF
EGI
$150.2K $22.68/SF
− OpEx
−$60.1K −$9.07/SF
NOI
$90.1K $13.61/SF
Area
Houston, TX
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,801,980
Cap Rate 7%
$1,287,129
Cap Rate 9%
$1,001,100
Alternative Uses
Best Use
Healthcare Medical
$1.29M
$1.13M – $1.50M
NOI $90,099 @ 7.0% cap · market cap 3.92%
Second Best
Office B
$1.10M
$965.3K – $1.29M
NOI $77,227 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,178 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
548
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77093, TX
47,736
Population
14,671
Households
3.3
Avg Household Size
31
Median Age
5%
College-Educated
51%
High-School Grad
12.0 sq mi
ZIP Area
3,978
Density / Sq Mi
$41,958
Median Household Income
$28,493
Median Earnings
$1,102
Median Rent
$122,400
Median Home Value
Market
Properties on Market for Medical Office Space in Houston
Vacancy Rate% for Office in Houston, TX
Similar Off Market Nearby
- Affordable Pet Clinic — 3004 Little York Rd, Houston, TX 77093
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property combines a former dialysis facility, an on-site billboard, and direct access to a major Houston route.
Where is this medical office space located?
The property is located at 10655 Eastex Freeway Houston, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6,621‑square‑foot medical office building constructed in 2005; Existing building previously operated as a dialysis facility; Includes 0.59‑acre building site and 1.10 acres of vacant land
