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    Property profile & analytics
    OFF-MARKET Estimated value $1,625,000
    Medical Office Space

    12000 Richmond Ave, Houston, TX 77082-2431

    78,000 SF 3.68 ac lot Built 1985
    Entity Owned 27-yr Hold ~ Est. High Equity
    Property ID
    US82-2919490
    Property summary
    AI-generated overview

    This exceptional three-story, 75,226 square foot medical office building in the West Houston Medical submarket presents a unique investment opportunity. Strategically located at the corner of Richmond Avenue and S. Kirkwood Road, this property boasts a prime location directly across from the West Houston Medical Center and Royal Oaks Country Club, ensuring high visibility and convenient access for patients and staff. The building features a striking three-story atrium, providing a welcoming and modern atmosphere. Ample parking is available with a 3.5/1,000 parking ratio, including free surface parking, covered parking, and reserved parking options. Security is a priority, with controlled building access and after-hours card-key access ensuring a safe and secure environment. Currently, there are 15 available spaces ranging from 422 to 5,559 square feet, suitable for a variety of medical practices. The building's prominent location allows for building and monument signage opportunities, enhancing visibility and brand recognition. Its proximity to numerous restaurants and retail establishments adds further convenience. The building's tenant mix includes established medical providers such as Memorial Hermann, reflecting its desirability and strong market position. This is an exceptional opportunity to secure space in a thriving medical hub.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1985
    Construction STEEL FRAME
    Total area 78,000 SF
    Lot 3.68 ac (160,296 SF)
    APN 1165130000002
    UPID US82-2919490
    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
    • Akkerman Rhonda Physician Medical Clinic
    • Dr. Kirandeep Kaur, DO Physician
    • Pain & Rehabilitation Solutions Medical Clinic
    • Inclusive MRI & diagnostics Medical Clinic
    • Xhilarate Wellness Spa Medical Spa Wellness Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.63M
    Owner & transaction history
    Tcp/pradeium Richmond Partners · 27 yrs held
    Tcp/pradeium Richmond Partners
    since 1998
    1 recorded transaction
    1998
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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