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Property profile & analytics
OFF-MARKET Estimated value $615,000
Medical Office Space

18700 Lk Houston Pkwy Humble, TX 77346-3349

12,856 SF 3.6 ac lot Built 2002
Individually Owned 27-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4587005
Property summary
AI-generated overview

This exceptional medical office complex, located at 18700 W Lake Houston Pkwy in Humble, Texas, 77346, offers a unique investment opportunity. The property consists of two buildings totaling 21,273 square feet, with 2,928 square feet currently vacant and available for lease. Built in 2002, the complex features attractive stone and masonry construction with high-pitched rooflines, creating a desirable garden-style environment. Each individual tenant space benefits from drive-up accessibility and prominent signage along W. Lake Houston Pkwy, ensuring excellent visibility. Ample parking is provided, with a generous 5.5/1,000 SF parking ratio. The complex enjoys a highly desirable location in the rapidly growing Atascocita area, approximately half a mile south of FM 1960 and adjacent to Atascocita Middle School. This prime location offers exceptional visibility and accessibility, making it an ideal choice for medical professionals seeking a thriving practice environment. The property's strategic placement along W. Lake Houston Pkwy ensures high traffic exposure and easy access for patients. Atascocita's robust growth trajectory presents a compelling investment opportunity in a dynamic and expanding market. The property's multiple tenancy structure provides flexibility and potential for diverse income streams. This is a rare opportunity to acquire a well-maintained, strategically located medical office complex in one of the fastest-growing areas in the United States.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Construction BRICK
Total area 12,856 SF
Lot 3.6 ac (156,860 SF)
APN 402280000112
UPID US82-4587005
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
  • AF Macdonald Counseling Counselor Mental Health Service
  • Sean E Fitzgerald DDS PA Dental Office
  • John Shaw @ JLA Realty Real Estate Agency
  • Jennifer Nelson, Realtor® by JLA Realty Real Estate Agency
  • Cheryl Stevens, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$837k
Blend (final) Blend
$615k
Owner & transaction history
S · 27 yrs held
S
since 1998
5 recorded transactions
2020
Price N/A
1998
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
Top alternative use upside
Restaurant $975,000 +61.4%
Auto repair, garage $810,000 +33.7%
Apartment house (5+ units) $785,000 +29.8%
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