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    12000 Richmond Ave. Houston, TX 77082

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    For Lease
    Contact for pricing

    Medical office space available in Houston near medical center.

    Type:Office
    Added:
    Mar 20, 2023
    Days on Market:
    1131
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 12000 Richmond Ave.

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 12000 Richmond Ave. Contact us

    Suite 130 $21 /Mo

    Size
    4,872 SF
    Type
    Office
    Contact us

    Suite 345 $19 /Mo

    Size
    1,149 SF
    Type
    Office
    Space is in good condition.
    Contact us

    Suite 353 $15 /Mo

    Size
    824 SF
    Type
    Office
    Interior doctor's office.
    Contact us

    Suite 315 $19 /Mo

    Size
    1,710 SF
    Type
    Office
    Beautifully built out office. Current being used as management office but available...
    show more
    Contact us

    Suite 140 $21 /Mo

    Size
    1,406 SF
    Type
    Office
    Space can be build by Landlord for office or medical use.
    Contact us

    Suite 180 $21 /Mo

    Size
    1,304 SF
    Type
    Office
    Doctors office with 5 exam rooms, 1 office, 2 restrooms, and reception area
    Contact us

    Suite 320 $19 /Mo

    Size
    1,953 SF
    Type
    Office
    Contact us

    Suite 215 $19 /Mo

    Size
    1,223 SF
    Type
    Office
    Contact us

    Suite 145 $21 /Mo

    Size
    1,067 SF
    Type
    Office
    Contact us

    Suite 325 $19 /Mo

    Size
    1,300 SF
    Type
    Office
    Built out for doctor's office. Reception with nurse station and 3 exam rooms. Can...
    show more
    Contact us

    Suite 348 $19 /Mo

    Size
    422 SF
    Type
    Office
    Contact us

    Suite 223 $19 /Mo

    Size
    1,920 SF
    Type
    Office
    Space can be built for medical office.
    Contact us

    Suite 250 $19 /Mo

    Size
    5,559 SF
    Type
    Office
    Space can be built out for office or medical office.
    Contact us

    Suite 110 $21 /Mo

    Size
    633 SF
    Type
    Office
    Space can be built for a medical office.
    Contact us

    Suite 350 $19 /Mo

    Size
    1,650 SF
    Type
    Office
    Contact us

    Suite 100 $21 /Mo

    Size
    948 SF
    Type
    Office
    Prime space directly off the lobby.
    Contact us

    Suite 180 $21 /Mo

    Size
    1,304 SF
    Type
    Office
    Contact us

    Suite 360 $19 /Mo

    Size
    2,767 SF
    Type
    Office
    Space in good condition. Can be built for medical use with a 5 year deal.
    Contact us

    Suite 144 $21 /Mo

    Size
    744 SF
    Type
    Office
    Ready built doctor's office with in suite sink. Additional sink can be added on a...
    show more
    Contact us

    220-A $19 /Mo

    Size
    1,098 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Ayman Nasser

    Listing agent Ayman Nasser License #TX

    Listing office Z Group Real Estate

    Listing date Mar 20, 2023

    Source Crexi

    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 Z Group Real Estate

    Overview

    Medical Office Building for Lease

    This medical office building is located at the corner of Richmond Avenue and S. Kirkwood Road, across the street from West Houston Medical Center and Royal Oaks Country Club. The property features a 3-story atrium and is home to many medical tenants, including Memorial Hermann. Building and monument signage is available. The location provides close proximity to restaurants and retail. Parking is available at a ratio of 3.5/1,000, with free surface parking and covered, reserved parking options. Controlled access to the building creates a secure environment, with after-hours card-key access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Akkerman Rhonda Physician Dr. Kirandeep Kaur, ... Physician Pain & Rehabilitation Solutions Medical Clinic Inclusive MRI & diagnostics Medical Clinic Xhilarate Wellness Spa Health Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Banfield Pet Hospital — 2610 Eldridge Pkwy, Houston, TX 77082

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.5913529
    Latitude
    29.7313497

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    FAQs

    What type of property is this?
    Medical Office Space - Medical office space available in Houston near medical center.
    Where is this medical office space located?
    The property is located at 12000 Richmond Ave. Houston, TX.
    What are key features of this property?
    This property features: Across the street from West Houston Medical Center and Royal Oaks Country Club; Building and monument signage available; 3.5/1,000 Parking ratio; free surface parking
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ayman Nasser
    Real Estate License ID: TX
    Learn More
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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
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