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    2450 Fondren Rd Houston, TX 77063

    • Medical offices
    • 80,571 SF
    • 2.05 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    $610,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4361191
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Texas Children's Pediatrics Piney Point / Pediatrician
    • Piney Point Dental Implant Center / Dental Implants Periodontist / Dental Implants Provider
    • Piney Point Oral & Maxillofacial Surgery / Oral Surgeon / Dental Implants Periodontist
    • Dr. Steve L. Koo / Oral And Maxillofacial Surgeon / Dental Implants Periodontist
    • West (Krause) Karen E PhD / Psychologist

    Property Details for 2450 Fondren Rd

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.05 lot acres
    Property size
    80,571 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    410280030121
    APU
    410280030121

    Description

    This exceptional Houston office property, located at 2450 Fondren Rd in the 77063 zip code, offers a diverse range of spaces ideal for both medical and executive office tenants. The property consists of two three-story buildings totaling 153,189 square feet, nestled within the established Piney Point residential community and surrounded by mature trees. Units range from a minimum of 493 square feet to a maximum contiguous space of 3,879 square feet, providing flexibility for businesses of various sizes. Currently, 16,023 square feet is available for lease. The buildings boast recently updated lobbies, modernized restrooms, and improved corridors, reflecting a commitment to providing a modern and comfortable work environment. The property benefits from a strong tenant base, with many long-term occupants (some exceeding 20 years). Located in Harris County, Texas, this property offers convenient access to the surrounding community and ample parking, with a ratio of 5.0 spaces per 1,000 square feet. The property's blend of modern amenities and established tenant base makes it an attractive opportunity for businesses seeking a well-maintained and conveniently located office space in Houston. The property is classified as Retail, Office and is suitable for multiple tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.522
    Latitude
    29.7408
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $229,058
    $3,131,520
    $7,919,480
    $11,051,000
    -
    $3,131,520
    $7,919,480
    $11,051,000

    Comparable in this City

    • Value Estimation
      $640,000
      36,622 SF

      2539 Gessner Rd

      MEDICAL BUILDING • 36,622 SF
      2539 Gessner Rd, Houston, TX 77063-2034
      View Details
    • Value Estimation
      $365,000
      15,448 SF

      3400 Gessner Rd

      MEDICAL BUILDING • 15,448 SF
      3400 Gessner Rd, Houston, TX 77063-7247
      View Details
    • Value Estimation
      $750,000
      80,571 SF

      2500 Fondren Rd

      MEDICAL BUILDING • 80,571 SF
      2500 Fondren Rd, Houston, TX 77063-2308
      View Details
    • Value Estimation
      $230,000
      2,440 SF

      3113 Jeanetta St

      MEDICAL BUILDING • 2,440 SF
      3113 Jeanetta St, Houston, TX 77063-4015
      View Details
    • Value Estimation by Request
      100,716 SF

      7700 San Felipe St

      Medical offices • 100,716 SF
      7700 San Felipe St, Houston, TX 77063
      View Details
    • Value Estimation by Request
      273,703 SF

      8580 Woodway Dr

      HOMES (RETIRED, NURSING) • 273,703 SF
      8580 Woodway Dr, Houston, TX 77063-2423
      View Details

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    Similar Nearby for Lease

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      32,618 SF

      Westheimer Retail Center

      Houston Retail Space: 2,040-5,288 SF
      9099 Westheimer Rd, Houston, TX 77063
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    • $23 SF/Yr
      153,189 SF

      Prime Houston Office Space

      Executive & Medical Suites Available
      2500 Fondren Rd, Houston, TX 77063
      View Details
    • $23 SF/Yr
      153,189 SF

      Houston Office Space for Lease

      Prime Houston Office Suites, Multiple Sizes Available
      2450 Fondren Rd, Houston, TX 77063
      View Details
    • $23 SF/Yr
      1,196 SF

      Office Space for Rent

      Office space available for lease in Houston, TX.
      7575 San Felipe St, Houston, TX 77063
      View Details
    • $19 SF/Yr
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      Office Space in San Felipe/Voss

      Office space for lease with wooded views and amenities.
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      View Details
    • $13 SF/Yr
      1,460 SF

      Renovated Office Space Available

      Office space for rent with renovated lobby and parking.
      9950 Westpark Dr, Houston, TX 77063
      View Details
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    Houston, TX 77063
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    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
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