Medical Office Investment
18700 W Lake Houston Pkwy Humble, TX 77346
For Sale
Contact for pricing
Two medical and professional office buildings total 21,273 SF on about 3.6 acres with ample drive-up parking access.
Property Size21,273 SF
Lot Size3.60 Acres
Price / SF$244.21
Days on Market8
Property Features for 18700 W Lake Houston Pkwy
General Information
Standard status
Active
Size
21,273 SF
Lot size
3.60 Acres
Property subtype
OFFICE
Listing Agency:
McAlpine Interests
(281) 973-4562
Listed By:
Adam McAlpine · License #600646
(281) 973-4562
Source:
Moodyscre
Added: Jul 23
Changed: Jul 27
Last Checked: Jul 29 at 3:47PM
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
Investment Insights
Based on property information with market context.
This 100% leased medical and professional investment includes two medical/professional buildings totaling 21,273 square feet. The property sits on approximately 3.6 acres and features about 1.3 acres of excess land, offering room for future development or expansion. Drive-up suite access and ample on-site parking support convenient patient and professional visits. The property is described as well-maintained and is stated to not be located in a flood plain.
The buildings have prominent frontage and visibility along W Lake Houston Parkway, a major north-south commercial corridor serving the Lake Houston market. The asset is positioned in the Lake Houston/Atascocita trade area, with convenient access to FM 1960, West Lake Houston Parkway, and Beltway 8. The surrounding area includes established retail, restaurants, banking, healthcare, and everyday conveniences.
As presented, the space is a flexible, multi-tenant medical/professional offering with a diverse tenant mix, providing immediate occupancy alongside potential for long-term growth tied to the surrounding commercial and residential development.
The buildings have prominent frontage and visibility along W Lake Houston Parkway, a major north-south commercial corridor serving the Lake Houston market. The asset is positioned in the Lake Houston/Atascocita trade area, with convenient access to FM 1960, West Lake Houston Parkway, and Beltway 8. The surrounding area includes established retail, restaurants, banking, healthcare, and everyday conveniences.
As presented, the space is a flexible, multi-tenant medical/professional offering with a diverse tenant mix, providing immediate occupancy alongside potential for long-term growth tied to the surrounding commercial and residential development.
Key Highlights
- 100% leased medical/professional investment with immediate stable cash flow
- Two medical/professional buildings totaling 21,273 SF on approximately 3.6 acres
- Includes approximately 1.3 acres of excess land for future development or expansion
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $653.5k | $30.72 |
| − Vacancy | −$96.1k | −$4.52 |
| EGI | $557.4k | $26.20 |
| − OpEx | −$223.0k | −$10.48 |
| NOI | $334.5k | $15.72 |
21,273 SF · lease $30.72/SF/yr · vacancy 14.70% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.78M
$4.18M – $5.57M
NOI $334,465 @ 7.0% cap · market cap 6.44%
Second Best
Office B
$3.98M
$3.48M – $4.64M
NOI $278,639 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$5.81M
$5.08M – $6.78M
NOI $406,604 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Lake Parkway Animal Hospital — 18455 W Lake Houston Pkwy #300, Humble, TX 77346
- Keese Larry a DVM — 18455 W Lake Houston Pkwy #300, Humble, TX 77346
- Vetco Total Care Animal Hospital — 7067 Farm to Market 1960 Rd E, Humble, TX 77346
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical and professional office buildings total 21,273 SF on about 3.6 acres with ample drive-up parking access.
Where is this medical office space located?
The property is located at 18700 W Lake Houston Pkwy Humble, TX.
What is the asking price?
The asking price for this property is $5,195,000.
What are key features of this property?
This property features: 100% leased medical/professional investment with immediate stable cash flow; Two medical/professional buildings totaling 21,273 SF on approximately 3.6 acres; Includes approximately 1.3 acres of excess land for future development or expansion
