Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20171 Chasewood Park Dr Houston, TX 77070-1437

    • Hospitals
    • 215,000 SF
    • 2.77 lot acres
    OFF-MARKET
    Value Estimations
    $23,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3552317
    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.

    Current Use by Public Records

    • OBGYN and Maternity Services at The Vintage Hospital - Houston, TX / Medical Clinic
    • Dr. Javid Ahadi / Physician
    • Shazia Shafeeq Sheikh / Physician
    • Hermanjeet S Grewal / Pediatrician / Physician
    • Imaging & Diagnostic Procedures at The Vintage Hospital - Houston, TX / Medical Clinic

    Property Details for 20171 Chasewood Park Dr

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.77 lot acres
    Property size
    215,000 SF
    Property type
    Hospitals
    APN
    1317470010003
    APU
    1317470010003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $24,047,000
      Market price range: $6.70M - $26.2M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $18,090,000
      Current use
      COMMERCIAL (GENERAL)
      $28,650,000
      Change: +58% Conversion: Easy
      RESTAURANT
      $16,770,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5674
    Latitude
    29.9892
    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
    $1,224,651
    $1,808,610
    $68,426,449
    $70,235,059
    -
    $1,808,610
    $68,426,449
    $70,235,059

    Comparable in this City

    • Value Estimation
      $7,365,000
      65,736 SF

      20180 Chasewood Park Dr

      HOSPITAL - PRIVATE • 65,736 SF
      20180 Chasewood Park Dr, Houston, TX 77070-1436
      View Details
    • Value Estimation
      $7,700,000
      91,500 SF

      9922 Louetta Rd

      HOSPITAL - PRIVATE • 91,500 SF
      9922 Louetta Rd, Houston, TX 77070-1468
      View Details
    • Value Estimation
      $1,690,000
      123,526 SF

      14221 Vintage Preserve Pkwy, Unit 117

      HOMES (RETIRED, NURSING) • 123,526 SF
      14221 Vintage Preserve Pkwy, Houston, TX 77070-2195
      View Details
    • Value Estimation
      $755,000
      59,622 SF

      13631 Ardfield Dr, Unit 186

      HOMES (RETIRED, NURSING) • 59,622 SF
      13631 Ardfield Dr, Houston, TX 77070-5837
      View Details
    • Value Estimation
      $585,000
      37,936 SF

      10225 Cypresswood Dr, Unit 96

      HOMES (RETIRED, NURSING) • 37,936 SF
      10225 Cypresswood Dr, Houston, TX 77070-3407
      View Details
    • Value Estimation
      $1,085,000
      8,306 SF

      20025 Chasewood Park Dr

      MEDICAL BUILDING • 8,306 SF
      20025 Chasewood Park Dr, Houston, TX 77070-1465
      View Details

    Similar Nearby for Sale

    • $1,750,000
      14,141 SF

      Prime Houston Office Building

      14,141 SF Office Space, 1 Acre Lot
      11011 Jones Rd, Houston, TX 77070
      View Details
    • $850,000

      Houston Medical Office Condo

      1,384 SF, High-Cash-Flow Potential
      11111 Jones Rd, Houston, TX 77070
      View Details
    • $2,500,000
      7,000 SF

      Willowbrook Medical Office Complex

      Houston medical office building, high ROI
      13323 Dotson Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      6.25 Acres

      Houston Commercial Land - 6.25 Acres

      Prime 6.25-acre commercial lot in Houston, TX.
      12334 Malcomson Rd, Houston, TX 77070
      View Details
    • $850,000
      3,962 SF

      High-Visibility Houston Warehouse

      Freeway-adjacent warehouse, office space, high potential.
      18930 Tx-249 Fwy, Houston, TX 77070
      View Details
    • $3,767,940
      3.46 Acres

      Houston Commercial Land - Grant Rd

      3.46 Acres, Prime Commercial Location
      9422 Grant Rd, Houston, TX 77070
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,800 SF

      Houston Office/Retail Space for Lease

      24,800 SF Multi-Tenant Office Building
      13311 Hargrave Rd, Houston, TX 77070
      View Details
    • $18 SF/Yr
      12,000 SF

      Lake Road Office Suites

      Prime Office Space, Multiple Sizes Available
      10320 Lake Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      1,928 SF

      Medical Office Space Available

      Class B medical office building near FM 1960 and Hwy 249.
      13325 Hargrave Rd, Houston, TX 77070
      View Details
    • Contact for pricing
      31,800 SF

      Dotson Medical Building Suites

      Harris County medical office space. Two suites available.
      13333 Dotson Rd, Houston, TX 77070
      View Details
    • $22 SF/Yr
      35,868 SF

      Medical Office Space for Lease in Houston

      Modern medical suites, ample parking, Houston, TX
      20207 Chasewood Park Dr, Houston, TX 77070
      View Details
    • Contact for pricing
      63,082 SF

      Willowbrook Medical Office Space

      Class A medical office suites available in Houston.
      13215 Dotson Rd, Houston, TX 77070
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20171 Chasewood Park Dr
    Houston, TX 77070-1437
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!