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    13233 Medical Complex Dr Tomball, TX 77375

    For Sale
    $3,820,000

    Texas Medical Office Building - 100% Occupancy

    Property size:
    10,190 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a fee-simple 10,190 square foot medical office building located at 13233 Medical Complex Dr, Tomball, TX 77375, within Harris County. The property, built in 2019, sits on one acre and boasts 10 parking spaces. Currently occupied by Village Green Alzheimer's Care under a 15-year Absolute NNN lease (commencing November 1, 2018, and expiring November 1, 2033), offering a substantial 9 years of remaining lease term. The lease includes 2% annual rental increases throughout the initial term and three 5-year option periods, ensuring consistent income growth. The property enjoys a 100% occupancy rate, generating a strong Net Operating Income (NOI) of $210,199, resulting in a compelling 5.50% capitalization rate. The asking price is $3,820,000, translating to a price per square foot of $374.88. The property is zoned for Agricultural District use and benefits from a prime location in a dense retail corridor, across from HCA Houston Healthcare Tomball, and surrounded by strong tenant presence and nearby residential communities. This investment offers minimal landlord responsibilities, providing a secure and passive income stream with significant upside potential. The property's strong tenant, established lease terms, and strategic location make it an attractive addition to any portfolio. The APN is 1.30203E+12.

    Property Features for 13233 Medical Complex Dr

    General Information

    Property type
    Medical offices
    Square Feet
    10,190 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    10190

    HighLights

    • 11.5+ Years Remaining Lease Term with Scheduled Rent Increases; Personally Guaranteed Lease.
    • Excellent Retail Location in Dense Corridor with Strong Tenant Presence, Across from HCA Houston Healthcare Tomball.
    • Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities.
    • Prime Location on Medical Complex Drive, near Residential Communities and a Strong Trade Area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Village Green Memory ... Assisted Living Facility

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.6204556
    Latitude
    30.0840762

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    FAQs

    What type of property is this?
    Medical office - Texas Medical Office Building - 100% Occupancy
    Where is this medical office located?
    The property is located at 13233 Medical Complex Dr Tomball, TX.
    What is the asking price?
    The asking price for this property is $3,820,000.
    What are key features of this property?
    This property features: 11.5+ Years Remaining Lease Term with Scheduled Rent Increases; Personally Guaranteed Lease.; Excellent Retail Location in Dense Corridor with Strong Tenant Presence, Across from HCA Houston Healthcare Tomball.; Absolute NNN Lease; Fee Simple Ownership; No Landlord Responsibilities.
    Request Owner's contact information
    13233 Medical Complex Dr Tomball, TX 77375
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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
    13233 Medical Complex Dr Tomball, TX 77375
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