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Property profile & analytics
FOR LEASE
Medical Office Space

23051 Kingwood Place Dr Houston, TX 77339

12,054 SF 2.5 ac lot Built 2020
Individually Owned 9-yr Hold Free & Clear
Property ID
US83-2385981
Property summary
AI-generated overview

This exceptional medical office building, completed in 2020, offers a prime opportunity for healthcare providers seeking flexible and modern space. Located directly across from Kingwood Medical Center in the city of Houston, this property boasts 22,150 square feet of total space, with 12,337 square feet currently available for lease. The building features two available spaces, ranging from a minimum of 1,500 square feet to a maximum contiguous space of 10,100 square feet. The building is a new construction, with Phase I comprising 12,050 square feet and Phase II an additional 10,100 square feet (completion date to be determined). Lease space is delivered in shell condition, allowing tenants to customize their space to meet their specific needs. Ample parking is provided at a ratio of approximately 5.06 spaces per 1,000 square feet. Convenient access to city of Houston water and sewer services is also available. This location offers unparalleled visibility and accessibility for medical professionals seeking a thriving practice environment. The building's modern design and prime location make it an ideal choice for a variety of medical specialties.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2020
Total area 12,054 SF
Lot 2.5 ac (108,900 SF)
APN 6438-00-00402
UPID US83-2385981
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
$879k
Blend (final) Blend
$640k
Owner & transaction history
North Houston Dental Implant C · 9 yrs held
North Houston Dental Implant C
since 2017
2 recorded transactions
2017
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $830,000 +7.4%
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More about this property
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