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    2900 Richmond Ave Houston, TX 77098

    Sponsored
    For Lease
    $22 SF/Yr

    11,451 SF Available, Houston, TX

    Lot size:
    28,997 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This two-story, 28,997 square foot Class C medical office building, constructed in 1966, is situated in Houston's Upper Kirby District, offering excellent visibility and accessibility. Currently undergoing renovations, including exterior improvements and lobby upgrades, the property boasts a prime location directly across Richmond Avenue from Levy Park, a vibrant community hub with numerous restaurants and ongoing activities. The entire second floor, comprising 11,451 square feet, is available for lease. This space previously served as a clinical area for Memorial Hermann Medical Group, reflecting a strong history of medical tenancy. The first floor is occupied by a state-of-the-art Memorial Hermann imaging center, ensuring a consistent flow of patients and medical professionals. The building offers a parking ratio of 2.85 spaces per 1,000 square feet, catering to both staff and patients. Located in Harris County, this property presents a unique opportunity within a dense demographic area with a proven track record of high-quality medical tenants. The building's strategic location and ongoing renovations make it an attractive investment for medical practices seeking a well-established presence in a thriving Houston neighborhood. Contact us for rental rates and further details.

    Property Features for 2900 Richmond Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,997 SF
    Class
    C
    Total Rate
    53161.17

    Building Details

    Year Built
    1966
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    11,451 SF
    Rate per SF
    $22

    HighLights

    • 28,997 SF medical office building in Houston's Upper Kirby District.
    • 11,451 SF of vacant space available for lease on the second floor.
    • Class C building, built in 1966, with two stories.
    • Property features a 2.85/1,000 parking ratio.
    • Located across from Levy Park, near restaurants and community activities.
    • Currently undergoing renovations, including exterior and lobby upgrades.
    Property Profile Location Intelligence

    Current Use by Public Records

    Solomon Eric H ... Radiologist River Oaks Imaging ... Association / Organization Pernia Latif Internist Attisha Walid K ... Radiologist Graichen Maria V ... Doctor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4225111
    Latitude
    29.7346468

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    FAQs

    What type of property is this?
    Medical office - 11,451 SF Available, Houston, TX
    Where is this medical office located?
    The property is located at 2900 Richmond Ave Houston, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 28,997 SF medical office building in Houston's Upper Kirby District.; 11,451 SF of vacant space available for lease on the second floor.; Class C building, built in 1966, with two stories.
    Request Owner's contact information
    2900 Richmond Ave Houston, TX 77098
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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
    2900 Richmond Ave Houston, TX 77098
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