Property profile

16121 N Eldridge Pkwy Tomball, TX 77377

FOR LEASE
Strip malls
Property ID
US82-2896073
19,936 SF 1.12 ac lot Built 2004
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This single-story, Class B medical office building, constructed in 2004, offers a prime retail space totaling 2,432 square feet. Currently, one suite is available for lease within a multi-tenant building. The property boasts excellent visibility and high daytime traffic, thanks to its strategic location. Multiple points of ingress and egress ensure convenient access for patients and staff. The building features ample parking with 68 spaces available. Its location in Harris County provides easy access to major thoroughfares, including Hwy 249 and Spring Cypress Road. The property benefits from its proximity to significant community centers, placing it within one mile of popular retailers such as Walmart, Kroger, Ross, Petco, and HEB. This diverse tenant mix creates a vibrant and thriving commercial environment. The building's design and location make it an ideal space for medical professionals seeking a high-traffic, easily accessible location with convenient parking. The available suite presents a unique opportunity for expansion or relocation within a well-established and successful commercial complex.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction STEEL FRAME
Total area 19,936 SF
Lot 1.12 ac (48,874 SF)
APN 1159970060056
UPID US82-2896073

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
  • HVAC Service
  • Training Center
  • Marketing & Advertising Printing Service
  • Alternative Medicine Practice Spa & Massage Center
  • Gym & Fitness Center

Location

16121 N Eldridge Pkwy Tomball, TX 77377
Tomball metro Census 554600 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message