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Property profile & analytics
OFF-MARKET
Office Spaces

707 Fry Rd Houston, TX 77450

72,107 SF 1.01 ac lot Built 2005
Property ID
Property summary
AI-generated overview

This four-story, Class A medical office building, totaling 72,107 square feet, is located in Katy, Harris County, and boasts 300 parking spaces. Built in 2005, the building features a multi-specialty ambulatory surgery center with four operating rooms. Suites range from 1,291 to 8,783 contiguous square feet, offering flexibility for various medical practices. The energy-efficient design includes dual-pane thermal windows, a cooling tower HVAC system with zoned heat pumps, and insulated demising and patient room walls. A covered, all-weather patient drop-off area enhances patient convenience. The building is strategically located half a mile south of the Katy Freeway, providing excellent visibility and accessibility. An air-conditioned crosswalk connects the building to the Houston Methodist Continuing Care Hospital, offering seamless patient access and collaboration opportunities. The property benefits from strong surrounding demographics, with over 112,000 people residing within a three-mile radius, exhibiting an average household income exceeding $117,000. High traffic counts on nearby major roadways ensure significant exposure. Monument signage is available, providing excellent branding opportunities. Specialties currently represented include OB/GYN, Pediatrics, Oral Surgery, Primary Care, Rheumatology, General Dentistry, and Orthopedics. The building offers a 4:1,000 square foot parking ratio.

Property profile
Verified
Property type Office Spaces
Year built 2005
Total area 72,107 SF
Lot 1.01 ac (43,996 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kimberly Granhaug, OTR Physician
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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