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    845 Cypress Creek Pkwy Houston, TX 77090

    For Sale
    $2,727,000

    20,200 SF Medical Office - Houston, TX

    Property size:
    20,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 20,200-square-foot medical office building, located at 845 Cypress Creek Pkwy in Houston, Texas, presents a unique owner-user investment opportunity. Built in 2005, this Class B property boasts a multi-tenant configuration, ideal for a variety of medical practices. The asking price is $2,727,000, translating to $135 per square foot. Situated in Harris County, zip code 77090, the building enjoys a highly visible location with excellent access to major thoroughfares including Cypress Creek Parkway, I-45, and the Hardy Toll Road. Its strategic location offers significant advantages, being less than a mile from HCA Houston Northwest Hospital and adjacent to United Memorial Medical Center, ensuring high patient traffic and visibility within a medical centric area. The property is a turnkey medical center, ready for immediate occupancy and operation. This presents a rare chance to acquire a well-established, high-traffic medical office building in a prime Houston location. The single building offers significant potential for growth and return on investment. Serious inquiries are encouraged.

    Property Features for 845 Cypress Creek Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    20,200 SF
    Class
    B

    Building Details

    Year Built
    2005
    Buildings
    1

    HighLights

    • Move‑in ready medical center.
    • Prime medical district location.
    • High‑traffic, highway‑accessible site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Philip D. ... Ophthalmologist Chundru Ravi K ... Ophthalmologist Shaikh Arif Ali Rheumatologist Adnan Syed Peer Rheumatologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -95.4417444
    Latitude
    30.0155827

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    FAQs

    What type of property is this?
    Medical office - 20,200 SF Medical Office - Houston, TX
    Where is this medical office located?
    The property is located at 845 Cypress Creek Pkwy Houston, TX.
    What is the asking price?
    The asking price for this property is $2,727,000.
    What are key features of this property?
    This property features: Move-in ready medical center.; Prime medical district location.; High-traffic, highway-accessible site.
    Request Owner's contact information
    845 Cypress Creek Pkwy Houston, TX 77090
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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
    845 Cypress Creek Pkwy Houston, TX 77090
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