Medical Office Building Near
19701 Kingwood Drive, Houston, TX 77339
For Sale
$1,714,285
Single-tenant medical office building near HCA Houston Healthcare Kingwood.
Property Size4,800 SF
Lot Size0.66 Acres
Price / SF$357.14
Days on Market225
Property Features for 19701 Kingwood Drive
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listed By:
Max Lozmack · License #TX 724493
(713) 598-9393
Source:
Cbre
Added: Mar 27
Changed: Nov 6
Last Checked: Aug 1 at 5:09AM
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 Max Lozmack
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Investment Insights
Based on property information with market context.
This is a 4,800 square foot single-tenant medical office building constructed in 2009, situated on a 0.66-acre lot. The property is fully occupied by DermSurgery Associates, who recently renewed their lease for a new 5-year term after completing a previous 10-year lease. The tenant is investing $50,000 in tenant improvements, which includes a new HVAC system and enhanced signage. The property is located adjacent to HCA Houston Healthcare Kingwood, a 451-bed acute care hospital that serves as the primary healthcare anchor for Northeast Houston. This on-campus location supports stable demand and long-term occupancy in the growing Northeast submarket.
Key Highlights
- Prime adjacency to HCA Houston Healthcare Kingwood (451‑bed acute care hospital).
- Tenant recently renewed lease for a new 5‑year term.
- Tenant investing $50,000 in tenant improvements (new HVAC and enhanced signage).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,318
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,306,360
$1.3M
Cap Rate 7%
$933,114
$933.1K
Cap Rate 9%
$725,756
$725.8K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$121.0K $25.20/SF
− Vacancy
−$12.1K −$2.52/SF
EGI
$108.9K $22.68/SF
− OpEx
−$43.5K −$9.07/SF
NOI
$65.3K $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%
$1,306,360
Cap Rate 7%
$933,114
Cap Rate 9%
$725,756
Alternative Uses
Best Use
Healthcare Medical
$933.1K
$816.5K – $1.09M
NOI $65,318 @ 7.0% cap · market cap 3.81%
Second Best
Office B
$799.8K
$699.8K – $933.1K
NOI $55,987 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,400 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 77339, TX
43,076
Population
19,104
Households
2.3
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
16.1 sq mi
ZIP Area
2,676
Density / Sq Mi
$84,015
Median Household Income
$50,105
Median Earnings
$1,605
Median Rent
$274,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Houston
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical office building near HCA Houston Healthcare Kingwood.
Where is this medical office space located?
The property is located at 19701 Kingwood Drive Houston, TX.
What is the asking price?
The asking price for this property is $1,714,285.
What are key features of this property?
This property features: Prime adjacency to HCA Houston Healthcare Kingwood (451‑bed acute care hospital).; Tenant recently renewed lease for a new 5‑year term.; Tenant investing $50,000 in tenant improvements (new HVAC and enhanced signage).
