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2450 Fondren Rd Houston, TX 77063

Medical Office Space Google Maps
80,571 SF 2.05 ac lot Built 1981
Entity Owned 29-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.93M
Range $1.73M – $2.12M (±10%)
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

Current use

Occupant on record · Public records
  • Pediatrician Medical Clinic
  • Dental Office
  • Dental Office
  • Dental Office
  • 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

since 1997
3 recorded transactions
2011
Price N/A
2011
Price N/A
1997
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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