Property profile

13414 Medical Complex Dr Tomball, TX 77375

FOR LEASE
Medical Office Space
Property ID
US82-2921790
1,986 SF 0.18 ac lot Built 1984
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents two vacant medical office suites totaling 2,904 square feet within the Tomball Doctors Medical Plaza. Located at 13414 Medical Complex Dr, Tomball, TX 77375, this Class C property boasts a strategic location directly across from Tomball Regional Hospital's entrance and emergency room, and adjacent to HCA's Women's Health Care. Built in 1986, the single-story building features a contemporary masonry design with covered breezeways and ample parking. The suites offer a reception area, conference area, three bathrooms, five exam rooms with sinks, a leaded X-ray room, lab area, six offices, and a storage room. Currently vacant, this presents a unique chance for owner-users or investors to renovate and customize the space to meet their specific needs. The asking price is $425,000, reflecting a price per square foot of $146 and a pro-forma cap rate of 8.09%, with a pro-forma NOI of $34,400. The property benefits from the significant growth in the area, including the expansion of senior living facilities and the proximity to Lone Star College. The Highway 249 corridor's rapid development further enhances the investment potential. This is a rare opportunity to acquire a well-positioned medical office property in a thriving healthcare market. The net lease structure provides a straightforward ownership model. The property's current condition allows for significant customization and upgrades to suit the new owner's vision.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1984
Construction BRICK
Total area 1,986 SF
Lot 0.18 ac (7,893 SF)
APN 1153670010002
UPID US82-2921790

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Ophthalmologist
  • Physician Medical Clinic
  • Physician
  • Ophthalmologist

Location

13414 Medical Complex Dr Tomball, TX 77375
Tomball metro Census 555404 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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