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Property profile & analytics
OFF-MARKET Estimated value $2,695,000
Medical Office Space

17191 St Lukes Way The Woodlands, TX 77384-8042

42,316 SF 3.1 ac lot Built 2004
Individually Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-2332607
Property summary
AI-generated overview

This exceptional Class A medical office building, constructed in 2004, offers a prime location in Montgomery County's desirable The Woodlands submarket. The building boasts a total of 40,382 square feet across two stories, with convenient access to Hwy 242 and the interstate. Currently, there is 1,638 square feet of vacant space available for lease, perfect for a medical practice seeking expansion or a new tenant looking for a well-established location. The building features ample parking with 171 spaces and elevators for easy accessibility. Its strategic location directly across from CHI St. Luke's - The Woodlands hospital provides unparalleled visibility and convenience for patients and staff. The building's multiple tenancy structure offers a diverse and thriving community of medical professionals. This is a rare opportunity to secure space in a highly sought-after medical office building within a dynamic and growing healthcare hub. The building's modern design and amenities ensure a comfortable and efficient work environment. The available space presents a unique chance to establish or expand a medical practice in a location with exceptional visibility and accessibility. Don't miss this opportunity to secure your place in this thriving medical community.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Total area 42,316 SF
Lot 3.1 ac (135,036 SF)
APN 9700-09-00135
UPID US83-2332607
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.70M
Owner & transaction history
Lsac Woodlands · 20 yrs held
Lsac Woodlands
since 2006
5 recorded transactions
2006
Price N/A
2006
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $4.0M +33.7%
Apartment house (5+ units) $3.8M +28.3%
Auto repair, garage $3.8M +26.2%
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