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    FOR LEASE
    Medical Office Space

    2450 Fondren Rd, Houston, TX 77063

    80,571 SF 2.05 ac lot Built 1981
    Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-4361191
    Property summary
    AI-generated overview

    This exceptional Houston office property, located at 2450 Fondren Rd in the 77063 zip code, offers a diverse range of spaces ideal for both medical and executive office tenants. The property consists of two three-story buildings totaling 153,189 square feet, nestled within the established Piney Point residential community and surrounded by mature trees. Units range from a minimum of 493 square feet to a maximum contiguous space of 3,879 square feet, providing flexibility for businesses of various sizes. Currently, 16,023 square feet is available for lease. The buildings boast recently updated lobbies, modernized restrooms, and improved corridors, reflecting a commitment to providing a modern and comfortable work environment. The property benefits from a strong tenant base, with many long-term occupants (some exceeding 20 years). Located in Harris County, Texas, this property offers convenient access to the surrounding community and ample parking, with a ratio of 5.0 spaces per 1,000 square feet. The property's blend of modern amenities and established tenant base makes it an attractive opportunity for businesses seeking a well-maintained and conveniently located office space in Houston. The property is classified as Retail, Office and is suitable for multiple tenants.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1981
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 80,571 SF
    Lot 2.05 ac (89,472 SF)
    APN 410280030121
    UPID US82-4361191
    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
    • Texas Children's Pediatrics Piney Point Pediatrician Medical Clinic
    • Piney Point Dental Implant Center Dental Office
    • Piney Point Oral & Maxillofacial Surgery Dental Office
    • Dr. Steve L. Koo Dental Office
    • West (Krause) Karen E PhD Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.93M
    Owner & transaction history
    2000 North Loop LP · 28 yrs held
    2000 North Loop LP
    since 1997
    3 recorded transactions
    2011
    2011
    1997
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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