Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15055 Fwy Service Rd Channelview, TX 77530
    Back to Search
    Property profile & analytics

    15055 Fwy Service Rd Channelview, TX 77530

    View on Map
    • Office properties & Spaces
    • 109,489 SF
    • 7.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 15055 Fwy Service Rd

    Year built
    1983
    Lot size
    7.72 lot acres
    Property size
    109,489 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional investment opportunity comprises four buildings totaling 109,489 square feet of Class B medical office space situated on a 7.72-acre lot in Channelview, Texas, at 15101 & 15055 I-10 East, zip code 77530. The property, built in 1983 and renovated in 2016, features a three-story configuration and offers ample parking (184 spaces per 1,000 sq ft). The portfolio includes a 100% occupied building leased to Southwest Key, a long-term tenant providing youth residential services, and three additional multi-tenant medical office buildings currently at 88% occupancy. These three buildings present a significant value-add opportunity due to below-market rents on short-term leases, allowing for substantial lease-up potential. The property is offered at $11,872,514 with a compelling 10.50% cap rate. The sale is a Triple Net (NNN) lease structure. This prime location in Harris County offers excellent access to Interstate 10, providing convenient access for patients and staff. The property's history includes a previous use as a long-term acute care hospital, showcasing its adaptability and suitability for various medical uses. The existing tenant base provides a strong foundation for future growth and income generation. This is a rare opportunity to acquire a well-positioned medical office portfolio with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Channelview
    County
    Harris
    State
    Texas
    Longitude
    -95.1461
    Latitude
    29.7749

    Comparable in this City

    • Value Estimation by Request
      4,708 SF

      15035 Ee Fwy

      MEDICAL BUILDING • 4,708 SF
      15035 Ee Fwy, Channelview, TX 77530-4151
      View Details
    • Value Estimation by Request
      9,600 SF

      15055 Ee Fwy

      MEDICAL BUILDING • 9,600 SF
      15055 Ee Fwy, Channelview, TX 77530-4144
      View Details
    • Value Estimation by Request
      6,000 SF

      16120 Avenue C

      Distribution properties • 6,000 SF
      16120 Avenue C, Channelview, TX 77530
      View Details
    • Value Estimation by Request
      67,630 SF

      15201 Fwy Service Rd

      Office properties & Spaces • 67,630 SF
      15201 Fwy Service Rd, Channelview, TX 77530
      View Details
    • Value Estimation
      $2,555,000
      19,818 SF

      15025 Ee Fwy

      OFFICE BUILDING • 19,818 SF
      15025 Ee Fwy, Channelview, TX 77530-4101
      View Details
    • Value Estimation
      $595,000
      4,168 SF

      15902 Market St

      OFFICE BUILDING • 4,168 SF
      15902 Market St, Channelview, TX 77530-4510
      View Details

    Similar Nearby for Sale

    • $575,000

      Redevelopment Opportunity on Oversized Lot

      Oversized lot with warehouse, office, and two single-family homes.
      16219 Bear Bayou Dr, Channelview, TX 77530
      View Details
    • $850,000

      3.47 Acres with House/Office

      3.47 acres with house suitable for business/office use.
      15627 Market St, Channelview, TX 77530
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      Cedar Ln, Channelview, TX 77530
      View Details
    • $1,100,000

      Commercial Land with Development Potential

      Commercial land with city utilities and development possibilities.
      108 Cedar Ln, Channelview, TX 77530
      View Details
    • Contact for pricing

      Sheldon Road Commercial Land Available

      Commercial land with utilities available on Sheldon Road.
      524-526 Sheldon Rd, Channelview, TX 77530
      View Details
    • $345,000

      Channelview Income-Producing Property on Acre

      Two homes on one lot, ideal for investors/owner-occupants.
      16128-1/2 Ridlon St, Channelview, TX 77530
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Retail/Office Space Available

      Adaptable space suitable for retail or office use.
      16945 Avenue A, Channelview, TX 77530
      View Details
    • Contact for pricing
      1,296 SF

      Channelview Office Space Available

      Office space available for rent in Channelview, Texas.
      15055 East Fwy, Channelview, TX 77530
      View Details
    • Contact for pricing

      Channelview Two-Story Office Building

      Two-story office building with recent interior and exterior improvements.
      15201 E Fwy Service Rd, Channelview, TX 77530
      View Details
    • $1,100 /Mo
      2,500 SF

      Channelview Office Warehouse For Rent

      Office warehouse space available for lease in Channelview, Texas.
      15716 Avenue C, Channelview, TX 77530
      View Details
    • Contact for pricing
      60,000 SF

      60,000 SF Warehouse Available

      60,000 SF warehouse space with 18 dock-high doors.
      15636 Market Street Rd, Channelview, TX 77530
      View Details
    • Contact for pricing
      28,880 SF

      Grocery Anchored Retail Spaces

      Retail spaces and pad site available in Channelview, Texas.
      Sheldon Rd, Channelview, TX 77530
      View Details
    Request Owner's contact information
    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.
    15055 Fwy Service Rd
    Channelview, TX 77530
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15055 Fwy Service Rd, Channelview, TX, 77530
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!