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    19007 Highway 59 N Humble, TX 77338

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    19007 Highway 59 N Humble, TX 77338

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    • Medical Office Space
    • 5,886 SF
    • 2.40 lot acres
    For Sale
    $2,900,000
    View Listing →
    Turnkey Medical Facility with Expansion For Sale
    $2,900,000
    5,886 SF

    Turnkey Medical Facility with Expansion

    Fully equipped medical facility with development potential near Memorial Hermann.

    19007 N HIGHWAY 59, Humble, TX
    View Listing
    Property ID
    US82-2101006
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 19007 Highway 59 N

    Year built
    1984
    Construction
    BRICK
    Lot size
    2.40 lot acres
    Property size
    5,886 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    410510010650
    APU
    410510010650

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Humble
    County
    Harris
    State
    Texas
    Longitude
    -95.2734
    Latitude
    29.995
    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
    2022
    $12,855
    $921,768
    $551,381
    $1,473,149
    -
    $921,768
    $551,381
    $1,473,149

    Comparable in this City

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      7,968 SF

      1730 Humble Pl Dr

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      9,740 SF

      1806 Humble Pl Dr

      MEDICAL BUILDING • 9,740 SF
      1806 Humble Pl Dr, Humble, TX 77338-5277
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    • Value Estimation
      $715,000
      17,399 SF

      8484 Will Clayton Pkwy

      MEDICAL BUILDING • 17,399 SF
      8484 Will Clayton Pkwy, Humble, TX 77338-5830
      View Details
    • Value Estimation
      $860,000
      24,050 SF

      18648 Mckay Dr

      MEDICAL BUILDING • 24,050 SF
      18648 Mckay Dr, Humble, TX 77338-5723
      View Details
    • Value Estimation
      $1,010,000
      81,068 SF

      18955 Memorial Dr

      MEDICAL BUILDING • 81,068 SF
      18955 Memorial Dr, Humble, TX 77338-4271
      View Details

    Similar Nearby for Sale

    • $2,900,000
      5,886 SF

      Turnkey Medical Facility with Expansion

      Fully equipped medical facility with development potential near Memorial Hermann.
      19007 Highway 59 N, Humble, TX 77338
      View Details
    • $675,000

      Humble Retail and Commercial Land

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      Humble Office Space For Rent

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      2,460 SF

      Historic Mixed-Use Property on Main

      Charming mixed-use property with prime commercial location and historic features.
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      Salon Suites and Office Spaces

      Office property with salon suites, conference room, and parking.
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      Corner Property for Sale

      Corner property available for sale in Humble, Texas.
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    Similar Nearby for Lease

    • Contact for pricing
      45,000 SF

      Medical Office Building For Lease

      Class A medical office with surgery center, shell spaces available.
      1485 Fm 1960 Bypass Rd E, Humble, TX 77338
      View Details
    • Contact for pricing

      Humble Medical Office Building For Sale

      Well-located medical office building in Humble's Lake Houston medical corridor.
      1806 Humble Place Dr, Humble, TX 77338
      View Details
    • Contact for pricing

      Humble Medical Arts Building

      Two-story medical office building near Memorial Hermann Northeast Hospital.
      9816 Memorial Blvd, Humble, TX 77338
      View Details
    • $17 SF/Yr
      1,878 SF

      Medical Office Condo For Rent

      Medical office condo with highway access and ample parking.
      18838-18842 S Memorial Dr, Humble, TX 77338
      View Details
    • Contact for pricing

      Turnkey Dental Office in Humble

      Ready-to-operate dental office near Memorial Hermann Northeast Hospital.
      19411 Mckay Dr, Humble, TX 77338
      View Details
    • Contact for pricing

      Humble Office Space For Rent

      Office space featuring a double door lobby entry and kitchen.
      9802-9810 Fm 1960 Bypass Rd, Humble, TX 77338
      View Details
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    19007 Highway 59 N
    Humble, TX 77338
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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