1729 S Friendswood Dr Friendswood, TX 77546
Property profile & analytics
1729 S Friendswood Dr Friendswood, TX 77546
- Commercial real estate
- 5,664 SF
- 1.09 lot acres
Property ID
US82-9147186
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Casey Tran / Medical Clinic
- CareNow Urgent Care - Friendswood / Medical Clinic
- Monica Wu / Pediatrician / Physician
- Stella Ekong / Pediatrician / Physician
- Dr. Manju George / Pediatrician / Physician
Property Details for 1729 S Friendswood Dr
- Year built
- 2017
- Lot size
- 1.09 lot acres
- Property size
- 5,664 SF
- Property type
- Commercial real estate
- APN
- 4094-0000-0000-102
- APU
- 409400000000102
Description
Exceptional investment opportunity in Friendswood, Texas, featuring a 5,563 square foot medical office building. This property boasts a 100% occupancy rate with a long-term, triple-net (NNN) lease in place with CareNow Urgent Care, a subsidiary of HCA Healthcare, extending until November 29, 2028. The lease commenced December 19, 2017, and currently has approximately 51 months remaining. CareNow has a strong track record, operating for over 31 years with 100+ locations nationwide. The building, constructed in 2017, sits on a 1.09-acre lot (47,480 square feet) at 1729 S Friendswood Dr, Friendswood, TX 77546, in a prime location near major retailers such as H-E-B, Walgreens, 24 Hour Fitness, and Starbucks. This presents a stable, high-demand investment with a reputable tenant and significant remaining lease term. The property's location within the affluent Friendswood community ensures consistent patient traffic and strong long-term value. HCA Healthcare holds a BB+ S&P rating, further solidifying the investment's strength and stability. This is a rare opportunity to acquire a high-performing medical office building with a proven tenant and a secure future.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $935,000
- 6.5%
- $865,000
- 7%
- $800,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $777,000
Market price range: $253k - $778k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $505,000 Current use
- OFFICE BUILDING
- $1,200,000 Change: +138% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Friendswood
- County
- Galveston
- State
- Texas
- Longitude
- -95.1866
- Latitude
- 29.5081
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2018
$8,889
$1,268,200
$1,131,800
$2,400,000
-
$1,268,200
$1,131,800
$2,400,000
