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    Lake Houston Pkwy Houston, TX 77044

    For Sale
    Contact for pricing

    75,358 SF Medical Office, 1.73 Acres

    Property size:
    75,358 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 75,358-square-foot medical office building is situated on a 1.73-acre lot in Houston, Texas, offering unparalleled visibility and accessibility. The property boasts 267.17 feet of frontage along North Lake Houston Parkway, providing excellent exposure to high traffic volume. Its prime location near Beltway 8 ensures convenient access to major thoroughfares, including I-69 (Highway 59) approximately 10 minutes away and George Bush Intercontinental Airport (IAH) within 15 minutes. The property's proximity to Sheldon Lake State Park and Environmental Learning Center adds to its appeal. Furthermore, its location north of the Sheldon Business Park (Clay Development) places it within a thriving commercial area. The property is zoned unrestricted, presenting a multitude of development opportunities. The parcel's APN is 401580900608, and the zip code is 77044, within Harris County. The price per square foot is $14.51. This presents a unique investment opportunity in a high-demand area.

    Property Features for 0 Lake Houston Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    75,358 SF
    Lot Size
    75,359 SF

    HighLights

    • 1.73‑acre unrestricted land parcel in Houston, TX.
    • Excellent visibility from Beltway 8.
    • 267.17 feet of frontage on N Lake Houston Pkwy.
    • Proximity to Sheldon Lake State Park and Environmental Learning Center, and north of Sheldon Business Park.
    • Easy access to Beltway 8, I‑69 (Hwy 59) within 10 minutes, and George Bush Intercontinental Airport (IAH) within 15 minutes.
    • 75,358 square foot medical office building on the site, priced at $14.51 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.200411102811
    Latitude
    29.896245275568

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    FAQs

    What type of property is this?
    Medical office - 75,358 SF Medical Office, 1.73 Acres
    Where is this medical office located?
    The property is located at Lake Houston Pkwy Houston, TX.
    What are key features of this property?
    This property features: 1.73-acre unrestricted land parcel in Houston, TX.; Excellent visibility from Beltway 8.; 267.17 feet of frontage on N Lake Houston Pkwy.
    Request Owner's contact information
    Lake Houston Pkwy Houston, TX 77044
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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
    Lake Houston Pkwy Houston, TX 77044
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