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Property profile & analytics
OFF-MARKET
Medical Office Space

102 Hts Blvd Houston, TX 77007-4755

5,800 SF 0.43 ac lot Built 2017
Individually Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US83-0357250
Property summary
AI-generated overview

This exceptional 5,922 square foot shopping center, located at 102 Heights Blvd in Houston, Texas, presents a compelling investment opportunity. Built in 2018, the property sits on a 0.45-acre lot and boasts a strong 6.00% capitalization rate, generating a net operating income (NOI) of $276,014. The asking price is $4,600,248.33. The center is currently home to three tenants, including Shipleys and Mint Orthodontics, all of which are corporate-based businesses providing stability and predictable income streams. The existing leases offer a significant remaining term of 5-10 years, minimizing vacancy risk and ensuring consistent cash flow for the foreseeable future. This centrally located property benefits from its attractive co-tenants and strong tenant base, making it an ideal addition to any diversified real estate portfolio. The property's location in the vibrant Houston market, within Harris County, zip code 77007, further enhances its investment appeal. This is a rare opportunity to acquire a well-positioned, high-performing retail asset with substantial long-term growth potential. The property's strong financials and stable tenancy make it a low-risk, high-reward investment.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2017
Construction WOOD FRAME
Total area 5,800 SF
Lot 0.43 ac (18,639 SF)
APN 1382540010001
UPID US83-0357250
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
  • Park Dentistry for Kids Dental Office
  • Smoothie King Specialty Food Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Scs Heights Ltd · 10 yrs held
Scs Heights Ltd
since 2016
3 recorded transactions
2016
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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