1200 Binz St, Houston, TX 77004
- Medical Office Space
- 69,858 SF
- 1.71 lot acres
Current Use by Public Records
- Plaza Medical In Houston Tx / Hotel & Motel
- Fia's Pizzeria / Restaurant
- Diagnostic Clinic of Houston / Medical Clinic
- The Allergy Clinic / Physician
- Diagnostic Clinic of Houston: Mcavoy Sean MD / Physician
Property Details for 1200 Binz St
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.71 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 391630000001
- APU
- 391630000001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 11, 2016 | — | Hta-park Plaza LLC | Altera Park Plaza LLC | Grant Deed · related | — |
| Dec 22, 2011 | — | Altera Park Plaza LLC | Th Healthcare Ltd | Deed Of Trust · related | $23.9M · General Electric Capital Corp |
| — | — | Altera Park Plaza LLC | — | Deed Of Trust · related | $25.9M · General Electric Capital Corp |
| — | — | Park Plaza Hospital | — | Deed Of Trust · related | $58.1M · Wells Fargo Bank |
Description
1200 Binz offers 7 available medical office suites ranging from 1,818 to 14,559 square feet within a 14-story, 257,707 square foot Class B building constructed in 1985. Located in southwest Houston, Harris County, Texas (77004), this property boasts 895 parking spaces and convenient access to I-69 and the South Freeway, as well as an on-site METRORail Red Line station. The building features elevators and is connected via skybridge to HCA Houston Healthcare Medical Center. Its prime location across from Hermann Park places it within the Texas Medical Center, the world's largest medical center, and near numerous restaurants, shops, museums, Rice University, and the Houston Zoo. The synergistic tenant roster includes UT Physicians, Diagnostic Clinic of Houston, Quest Diagnostics, and Picture Perfect Imaging Center. Ground floor amenities include Fia's Pizzeria and Bodega's Taco Shop. The 1.72-acre lot offers a unique opportunity for medical professionals seeking a prestigious and convenient location. This multiple-tenancy building presents a compelling investment opportunity in a thriving medical hub.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $7,093,000
Market price range: $2.09M - $7.09M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $9,905,000
- RESTAURANT
- $9,165,000
- AUTO REPAIR, GARAGE
- $6,520,000
- RETAIL STORES
- $5,990,000
- APARTMENT HOUSE (5+ UNITS)
- $5,860,000
- OFFICE BUILDING
- $4,735,000
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3878
- Latitude
- 29.7241
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
