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    15055 Fwy Service Rd Channelview, TX 77530

    Sponsored
    For Sale
    $11,872,514

    Multi-tenant medical complex, high cap rate.

    Property size:
    109,489 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity comprises four buildings totaling 109,489 square feet of Class B medical office space situated on a 7.72-acre lot in Channelview, Texas, at 15101 & 15055 I-10 East, zip code 77530. The property, built in 1983 and renovated in 2016, features a three-story configuration and offers ample parking (184 spaces per 1,000 sq ft). The portfolio includes a 100% occupied building leased to Southwest Key, a long-term tenant providing youth residential services, and three additional multi-tenant medical office buildings currently at 88% occupancy. These three buildings present a significant value-add opportunity due to below-market rents on short-term leases, allowing for substantial lease-up potential. The property is offered at $11,872,514 with a compelling 10.50% cap rate. The sale is a Triple Net (NNN) lease structure. This prime location in Harris County offers excellent access to Interstate 10, providing convenient access for patients and staff. The property's history includes a previous use as a long-term acute care hospital, showcasing its adaptability and suitability for various medical uses. The existing tenant base provides a strong foundation for future growth and income generation. This is a rare opportunity to acquire a well-positioned medical office portfolio with significant upside potential.

    Property Features for 15055 Fwy Service Rd

    General Information

    Property type
    Medical offices
    Square Feet
    109,489 SF
    Class
    B
    Lot Size
    336,283 SF

    Building Details

    Year Built/Renovated
    1983/2016
    Buildings
    4
    Stories
    3

    HighLights

    • 15101 Interstate 10 East: 100% leased to Southwest Key.
    • 15055 Interstate 10 East: Three multi‑tenant medical buildings, 40% leased, short‑term below‑market leases offer significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Channelview
    County
    Harris
    State
    Texas
    Longitude
    -95.1460575
    Latitude
    29.7748929

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    FAQs

    What type of property is this?
    Medical office - Multi-tenant medical complex, high cap rate.
    Where is this medical office located?
    The property is located at 15055 Fwy Service Rd Channelview, TX.
    What is the asking price?
    The asking price for this property is $11,872,514.
    What are key features of this property?
    This property features: 15101 Interstate 10 East: 100% leased to Southwest Key.; 15055 Interstate 10 East: Three multi-tenant medical buildings, 40% leased, short-term below-market leases offer significant upside potential.;
    Request Owner's contact information
    15055 Fwy Service Rd Channelview, TX 77530
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    Realmo Value Estimation

    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.

    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.

    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
    15055 Fwy Service Rd Channelview, TX 77530
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