1717 Eldridge Pkwy, Houston, TX 77077-3567
- Medical Office Space
- 7,738 SF
- 0.86 lot acres
Current Use by Public Records
- Medical Office Space
Property Details for 1717 Eldridge Pkwy
- Year built
- 2014
- Construction
- WOOD FRAME
- Lot size
- 0.86 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 1213570010001
- APU
- 1213570010001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 29, 2021 | — | Hjh Premium Houston Eldridge LLC | Us Realty Acquisitions LLC | Special Warranty Deed | $4.2M · Collins Loan Services Cuso LLC |
| Dec 17, 2021 | — | Us Realty Acquisitions LLC | Mpt Of Houston Eldridge Fcer LLC | Special Warranty Deed | — |
| Dec 23, 2013 | — | Mpt Of Houston-eldridge Fcer LLC | Briarforest Project Ltd | Grant Deed · related | — |
| Mar 16, 2012 | — | Chow Properties LLC | Briarforest Project Ltd | Grant Deed | $3.2M · Cit Bank |
| May 15, 2007 | — | Bluewave Of Texas LLC | Briarforest Project Ltd | Grant Deed · related | — |
| Mar 15, 2007 | — | Vintage Center Ltd | Imf Investments 304 | Grant Deed | $7.8M · International Bank Of Commerce |
| Apr 5, 2006 | — | Briarforest Project Ltd | Vnf Houston Properties | Grant Deed | $10.5M · International Bank Of Commerce |
| Sep 27, 2005 | — | Vnf Houston Properties | Parkway Investments Ptrs | Grant Deed | $10.6M · International Bank Of Commerce |
| — | — | Briarforest Project Ltd Tx LP | — | Deed Of Trust · related | — |
| — | — | Briarforest Project Ltd | — | Deed Of Trust · related | $10.5M · International Bank Of Commerce |
Description
This exceptional investment opportunity presents a 6,651 square foot medical office building in Houston, Texas, currently leased to Total Point ER under a 20-year Absolute NNN lease with 17 years remaining. The property boasts a 7.25% cap rate and a strong NOI of $529,814, with 2% annual rent bumps built into the lease. Located at 1717 Eldridge Pkwy, Houston, TX 77077, on a 0.8-acre lot, the building features 25 parking spaces and excellent visibility. Built in 2013, the property benefits from a fee simple ownership structure, eliminating landlord responsibilities. The tenant, Total Point ER, is a rapidly expanding company situated in a dense residential corridor with over 3,500 units nearby and high average household income. The lease includes four 5-year renewal options, providing long-term stability and significant upside potential. The property's strategic location along Eldridge Pkwy (46,600 vehicles per day) ensures high traffic visibility. The asking price is $7,308,000, representing a price per square foot of $1,098.78. This is a rare opportunity to acquire a high-performing, low-maintenance medical office building in a prime Houston location. The property is situated in a thriving area with 320,000 residents and 176,000 employees within a 5-mile radius. The property's APN is 1213570010001.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $510,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $785,000
Market price range: $231k - $786k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $495,000 Current use
- RESTAURANT
- $715,000 Change: +44% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $540,000 Change: +10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.6248
- Latitude
- 29.752
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
