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Property profile & analytics
OFF-MARKET Estimated value $2,595,000
Medical Office Space

1800 26th St Houston, TX 77008-1450

105,779 SF 2.24 ac lot Built 2007
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2093647
Property summary
AI-generated overview

This exceptional Class A medical office building, totaling 99,548 square feet, presents a unique investment opportunity in Houston's desirable Heights neighborhood. Located at 1800 W 26th Street, this five-story facility boasts a prime location adjacent to Memorial Hermann Greater Heights Hospital, offering convenient access to IH-610 and Hwy 290. Constructed in 2007, the building features a multi-tenant layout with approximately 20,000 square feet each on the first two floors, ideal for various medical practices. The upper three floors comprise a 67-bed inpatient facility (including 10 ICU rooms), complete with X-ray and CT imaging rooms, dedicated physical therapy space, multiple nurses' stations, administrative offices, and a fully equipped commercial kitchen and café. The property is equipped with state-of-the-art amenities including secondary gurney elevators, a med gas farm, a backup generator, and a dedicated ambulance drop-off area. Currently at 23% occupancy, this property is priced well below replacement cost, making it an attractive proposition for a variety of uses, including long-term acute care, outpatient rehabilitation, or other specialized hospital services. The building's excellent condition and strategic location within a high-income demographic area, coupled with its proximity to Houston's rapidly growing submarkets, ensures strong potential for future growth and return on investment. The 2.24-acre lot size provides ample space and flexibility for future expansion or development. This is a NNN lease type property with multi-tenancy.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2007
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 105,779 SF
Lot 2.24 ac (97,487 SF)
APN 1262140010001
UPID US82-2093647
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
Current use
Occupant on record · Public records
  • Memorial Hermann Neighborhood Health Center - Greater Heights Medical Clinic
  • Pediatric Sleep Specialists - Houston Medical Clinic
  • Houston Oral Surgery & Implant Center Dental Office
  • Dr. Rajesh Rethnam MD., FCCP Physician
  • Abiola Oyemade Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.60M
Owner & transaction history
Eila Medical Clinic · 4 yrs held
Eila Medical Clinic
since 2021
7 recorded transactions
2021
Price N/A
2019
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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