Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11110 East Fwy Houston, TX 77029

    Sponsored
    For Lease
    $21 SF/Yr

    Prime I-10 Corridor Medical Office Suite

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 16,000 square foot medical office building, situated on one acre in Harris County's east side submarket (I-10 Corridor), offers a unique opportunity. The building features 50 suites across two stories, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 4,000 square feet. Currently, 4,000 square feet of space is available, ideal for a diagnostic center. This ready-to-go space boasts a custom design perfect for MRI, CT, or X-ray equipment, minimizing start-up costs. The building's convenient location on I-10 East, just outside the Loop 610 corridor, ensures easy access for patients and staff. Ample parking is provided with 50 spaces. The building has a 12-foot ceiling height and 400-amp power. The property is zoned commercial and benefits from the established presence of WellMed Clinic directly above, providing a built-in clientele. This presents a rare chance to establish a thriving medical practice in a high-traffic, easily accessible location. The property is conveniently located near Holiday Street.

    Property Features for 11110 East Fwy

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Total Rate
    28000

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    8,000 SF
    Rate per SF
    $21

    HighLights

    • 16,000 SF medical office building with 4,000 SF currently vacant.
    • Multiple tenants in a two‑story building with 50 suites.
    • 4,000 SF minimum divisible space, up to 4,000 SF contiguous.
    • Located in Harris County's east side submarket, I‑10 Corridor, near Holiday.
    • 50 parking spaces and 400‑amp power.
    • 1‑acre site with 12' ceilings.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Simon Law Group ... Law Firm Dr. Donald Hearn Family Practice Physician Joe Nguyen Optometrist Mary Jane Cuevas Optometrist Dr. Elizabeth Trujillo Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -95.232240909977
    Latitude
    29.772582036676

    Nearby Similar for Lease

    • $1,200 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $1,425 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $2,025 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $3,198 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $18 SF/Yr
      64,687 SF

      Houston Office/Retail Space Available

      Class A office/retail space with gated access and freeway access.
      10320 Lake Rd, Houston, TX 77070
      View Details
    • $28 SF/Yr
      1,250 SF

      Modern Office Space For Lease

      All-inclusive, move-in-ready office space in a prime Houston location.
      12246 Queenston Blvd, Houston, TX 77095
      View Details
    • $4,995,000
      30,900 SF

      Crane-Served Manufacturing Facility

      Manufacturing facility with freestanding office, stabilized yard, and crane service.
      Signat Dr - Satsuma Dr - Satsuma Dr, Houston, TX
      View Details
    • $12 SF/Yr
      1,200 SF

      Harwin Drive Mixed-Use Facility

      Prime location in Houston's Harwin Drive Shopping District.
      9931 Harwin Dr, Houston, TX 77036
      View Details
    • Contact for pricing
      58,276 SF

      Houston Flex Space For Lease

      Available flex spaces in Houston's aerospace and medical sectors.
      902-930 Gemini St, Houston, TX 77058
      View Details
    • Contact for pricing
      47,312 SF

      Northwest Houston Manufacturing Facility

      47,312 SF manufacturing facility available for lease in Northwest Houston.
      12228 N Houston Rosslyn Rd, Houston, TX 77086
      View Details
    • Contact for pricing
      116,355 SF

      Pinto Business Park I Warehouses

      Three free-standing buildings totaling 116,355 SF, Q2 2026 Delivery.
      810-850 Fallbrook Dr, Houston, TX 77038
      View Details
    • Contact for pricing
      14,500 SF

      Office/Warehouse Buildings in Cottage Grove

      Two buildings totaling 14,500 SF on 0.46 acres.
      2210 Sandman St, Houston, TX 77007
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime I-10 Corridor Medical Office Suite
    Where is this medical office located?
    The property is located at 11110 East Fwy Houston, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 16,000 SF medical office building with 4,000 SF currently vacant.; Multiple tenants in a two-story building with 50 suites.; 4,000 SF minimum divisible space, up to 4,000 SF contiguous.
    Request Owner's contact information
    11110 East Fwy Houston, TX 77029
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11110 East Fwy
    Houston, TX 77029
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    11110 East Fwy Houston, TX 77029
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.