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    1308 Kingwood Dr Houston, TX 77339

    For Sale
    $800,000

    High-Income Area, 100% Occupied

    Property size:
    4,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a 4,650 square foot, Class B medical office building located at 1308 Kingwood Drive in Humble, Texas, within Harris County. The property, built in 1983, is currently 100% occupied by a single tenant psychiatry and counseling firm under a modified lease commencing May 5, 2017. The building boasts a glass exterior and is part of a five-building business park, offering a convenient 4.49:1,000 parking ratio within a shared lot. The asking price is $800,000, translating to $172.04 per square foot. Annual rent is $20.00 per square foot, with a $0.50 annual increase. The property enjoys a prime location on Kingwood Drive, one of Kingwood's main east-west thoroughfares, providing easy access to Interstate 69/Highway 59. Its proximity to George Bush Intercontinental Airport, Beltway 8, and the Grand Parkway/State Highway 99 enhances its accessibility. The surrounding area offers various restaurants, retail establishments, and other medical facilities. The property's strong tenancy and desirable location make it an attractive investment with a pro-forma NOI of $61,073. The net rentable square footage is 465 square feet.

    Property Features for 1308 Kingwood Dr

    General Information

    Property type
    Medical offices
    Square Feet
    4,650 SF

    HighLights

    • 4,650 SF Class B medical office building in Humble, TX.
    • 100% occupied by a single tenant under a modified lease.
    • Asking price: $800,000 ($172.04/SF).
    • Annual rent: $20.00/SF, with a $0.50 annual increase; NOI: $61,073.
    • Prime Kingwood Drive location with excellent access to major roadways and amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kingwood Travel Travel Agency Terry Hatherley Counselor Wellsource Group Psychiatrist Solution Pathways Mental Health Clinic Robert Simon Nurse Practitioner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.236700715018
    Latitude
    30.049052054278

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    FAQs

    What type of property is this?
    Medical office - High-Income Area, 100% Occupied
    Where is this medical office located?
    The property is located at 1308 Kingwood Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 4,650 SF Class B medical office building in Humble, TX.; 100% occupied by a single tenant under a modified lease.; Asking price: $800,000 ($172.04/SF).
    Request Owner's contact information
    1308 Kingwood Dr Houston, TX 77339
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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
    1308 Kingwood Dr Houston, TX 77339
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