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Property profile & analytics
FOR LEASE
Medical Office Space

1111 Augusta Dr Houston, TX 77057

30,948 SF 5.3 ac lot Built 1977
Entity Owned Absentee Owner Free & Clear
Property ID
US82-1030168
Property summary
AI-generated overview

This exceptional 84,728-square-foot medical office building, located at 1111 Augusta Drive in Houston, Texas, presents a unique investment opportunity. Situated in the prestigious Tanglewood area of Harris County, this Class B property boasts a single-tenant occupancy, with the entire space currently vacant. Built in 2004 and renovated in the same year, the building features a two-story design with elevators, offering convenient access for patients and staff. The property's size makes it ideal for a single large medical tenant seeking a prominent location. However, the landlord is open to subdividing the space to accommodate multiple tenants, depending on the size requirements. The building's location within the affluent Tanglewood neighborhood provides excellent visibility and accessibility, making it an attractive option for medical practices seeking a high-profile presence. The property's address is 1111 Augusta Drive, Houston, TX 77057. With its ample square footage, modern amenities, and prime location, this property represents a compelling opportunity for medical professionals and investors alike. The building's single-tenant history and potential for subdivision offer significant flexibility for future use. The property is ready for immediate occupancy.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Construction STEEL FRAME
Total area 30,948 SF
Lot 5.3 ac (230,999 SF)
APN 1464280010001
UPID US82-1030168
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
  • Baylor College of Medicine: Mc Cants David MD Physician
  • Le Dung Kim Employment Agency
  • Sim Woon Ki MD Physician
  • Edith Schatte Ophthalmologist
  • Dr. Jeanie Ling Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.48M
Comparable Approach Comparable
$7.88M
Blend (final) Blend
$7.18M
Owner & transaction history
AUGUSTA DRIVE
AUGUSTA DRIVE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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