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

    23051 Kingwood Place Dr Kingwood, TX

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

    New construction office space near Kingwood Medical Center.

    Type:OFFICE
    Property size:
    10,100 SF
    Lot size:
    2,237.00 Acres
    Added:
    Jul 13, 2021
    Days on Market:
    1747
    Last Refresh:
    Apr 5 at 8:16 pm

    Property Features for 23051 Kingwood Place Dr

    General Information

    Standard status
    Active
    Size
    10,100 SF
    Lot size
    2,237.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 23051 Kingwood Place Dr Contact us

    We can help!

    Listing Contact
    Adam McAlpine
    Adam McAlpine

    Listing agent Adam McAlpine License #600646

    Listing office McAlpine Interests

    Listing date Jul 13, 2021

    Source Moodyscre

    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 McAlpine Interests

    Overview

    Kingwood Medical Center Office Space

    This new construction lease space, in shell condition with completion TBD, is situated directly across the street from Kingwood Medical Center. The property benefits from city of Houston water and sewer services. Conveniently located just off I-69/US 59 at the entrance of Kingwood in the Medical Center, it provides easy access to Intercontinental Airport, I-69/US 59, I-45, FM 1960, Beltway 8, and the Grand Parkway. The property is adjacent to Lone Star College – Kingwood and the heart of the Medical Center area of Kingwood. Parking is approximately 5.06/1,000 SF. The property offers 10,100 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Daycare Center Building Supply Kitchen & Bath Showroom Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingwood
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.37
    Latitude
    29.77

    Nearby Similar for Lease

    • Contact for pricing

      Kingwood Medical Arts Office Building

      Three-story medical office building near I-69 and hospitals.
      300-350 Kingwood Medical Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Kingwood Medical Office Sublease

      Medical office space available for sublease in Kingwood, Texas.
      22751 Professional Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Medical Office Center For Lease

      Two-building medical office center near HCA Houston Healthcare Kingwood.
      611 Rockmead Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Medical Office Center For Rent

      29,690 SF medical office center in Kingwood, TX.
      201 Kingwood Medical Dr, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Class A Office Space Available

      Office space for lease in Kings Harbor on Lake Houston.
      1710 W Lake Houston Pkwy, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Kingwood Retail Space for Lease

      Retail space in a high-traffic Kingwood location.
      2815 W Lake Houston Parkway, Kingwood, TX
      View Details
    • Contact for pricing

      Kingwood Specialty Property For Rent

      Large specialty property available for rent in Kingwood, Texas.
      350 Northpark , Kingwood, TX 77339
      View Details
    • Contact for pricing

      Kingwood Retail and Office Space

      Prime location with high foot traffic and excellent visibility.
      8 N Main St, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Office Spaces Available For Rent

      Office spaces available, ranging from 215 to 1,433 SqFt.
      2330 Timber Shadows, Kingwood, TX 77339
      View Details
    • Contact for pricing

      Medical Building Near HCA Kingwood

      Freestanding medical building with flexible spaces for lease.
      19701 Kingwood Dr. Bldg 10, Kingwood, TX 77339
      View Details

    FAQs

    What type of property is this?
    Office units - New construction office space near Kingwood Medical Center.
    Where is this office units located?
    The property is located at 23051 Kingwood Place Dr Kingwood, TX.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Located directly across the street from Kingwood Medical Center; Conveniently located just off I‑69/US 59 at the entrance of Kingwood in the Medical Center; Easy access to Intercontinental Airport, I‑69/US 59, I‑45, FM 1960, Beltway 8, and the Grand Parkway
    (281) 973-4562 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adam McAlpine
    Adam McAlpine
    Real Estate License ID: 600646
    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!