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    3701 Alabama St Houston, TX 77027

    Sponsored
    For Lease
    $33 SF/Yr

    Prime medical/office space available now.

    Lot size:
    1,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional two-story medical office building, located at 3701 W Alabama St, Houston, TX 77027, offers a single suite for lease. The suite, number 390, comprises 1,380 square feet of well-maintained space, ideal for a variety of medical or office uses. The building features convenient access via Timmons Ln. The property is situated in a thriving Houston neighborhood, providing excellent visibility and accessibility for patients and clients. The building is equipped with elevators for easy access to the second floor. The minimum leasable space is 1,380 square feet, and this is also the maximum contiguous space available in this particular suite. This presents a unique opportunity for a medical practice or office seeking a move-in ready space in a desirable location. The property type is classified as both retail and office, making it versatile for a range of businesses. The building's multi-tenant structure offers a collaborative environment. This suite is ready for immediate occupancy. Interested parties are encouraged to inquire further for detailed specifications and lease terms. The property's location offers easy access to major thoroughfares and ample parking. This is a rare opportunity to secure a well-located, functional space in a competitive market. Don't miss out on this chance to establish your business in a prime Houston location.

    Property Features for 3701 Alabama St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,380 SF

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Suite 390
    Size
    1,380 SF
    Rate per SF
    $33

    HighLights

    • 1,380 SF medical/office suite available for lease at 3701 W Alabama St, Houston, TX 77027.
    • Located at the southwest corner of W Alabama St & Timmons Ln, a signalized intersection.
    • Situated just north of Greenway Plaza, offering access to a daytime population of approximately 27,211.
    • Provides easy access to I‑610 and US Hwy 59/I‑69.
    • Close proximity to The Galleria, Highland Village, River Oaks, and Rice Village.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lin Jia Acupuncturist The Childhood Center Day Care Center Brows by Adrienne ... Permanent Make-Up Clinic Megan hudgin beauty Hairdresser Ross Tonini Speech Pathologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4371626
    Latitude
    29.7377107

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    FAQs

    What type of property is this?
    Medical office - Prime medical/office space available now.
    Where is this medical office located?
    The property is located at 3701 Alabama St Houston, TX.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: 1,380 SF medical/office suite available for lease at 3701 W Alabama St, Houston, TX 77027.; Located at the southwest corner of W Alabama St & Timmons Ln, a signalized intersection.; Situated just north of Greenway Plaza, offering access to a daytime population of approximately 27,211.
    Request Owner's contact information
    3701 Alabama St Houston, TX 77027
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    Houston, TX 77027
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    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
    3701 Alabama St Houston, TX 77027
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