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2500 Fondren Rd Houston, TX 77063

Medical Office Space Google Maps
80,571 SF 2.37 ac lot Built 1980
Individually Owned 15-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$1.94M
Range $1.74M – $2.13M (±10%)
Property ID US82-3723648

Property summary

AI-generated overview

This exceptional Houston office property, Piney Point Offices, offers a diverse range of spaces ideal for both executive and medical practices. Located at 2500 Fondren Rd, Houston, TX 77063, this Class B property boasts two three-story buildings totaling 153,189 square feet situated on a 7-acre lot in Harris County. The property features updated lobbies, modernized restrooms, and improved corridors, reflecting recent renovations. Multiple suites are available, ranging from a minimum of 1,755 square feet to a maximum contiguous space of 7,691 square feet. The buildings include a total of 10 suites, with 15,831 square feet currently vacant. Built in 1980, the property offers convenient elevator access and benefits from its location near the desirable Piney Point residential community, nestled amongst mature trees. The property's long-term tenant base, including a mix of medical and office users, many of whom have occupied space for over two decades, speaks to its desirability and stable occupancy. This presents a unique opportunity to secure office space in a well-maintained, established complex with a proven track record. Contact us today to learn more about the available suites and explore the possibilities for your business.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 80,571 SF
Lot 2.37 ac (103,411 SF)
APN 410280030120
UPID US82-3723648

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
  • Dental Office
  • Medical Clinic
  • Pediatrician Physician
  • Pediatrician Physician
  • Pediatrician Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.94M

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
2011
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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