Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    427 20Th St Houston, TX 77008

    • Commercial land
    • 0.30 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2562355
    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

    • Houston Cardiology Associates - Heights / Medical Clinic
    • LTHM Management / Medical Clinic
    • Innovative Dentists of Houston / Dental Office
    • Sans Pareil Center / University
    • Crownstone Financial Group / Bank / Credit Union

    Property Details for 427 20Th St

    Lot size
    0.30 lot acres
    Property type
    Commercial land
    APN
    200800000038
    APU
    200800000038

    Description

    This exceptional eight-story Class B medical office building, located at 427 W 20th St in Houston, Texas, 77008, offers a prime opportunity for medical professionals seeking flexible and well-appointed space. Built in 1975 and renovated in 1985, HeightsMed boasts 115,003 square feet of total building space, with 30,125 square feet currently vacant. The building is ideally suited for multiple tenants, offering spaces ranging from a minimum of 198 square feet to a maximum contiguous space of 12,731 square feet. Eighteen individual spaces are currently available. Convenient amenities include a conferencing facility, controlled access for enhanced security, an on-site convenience store, and a restaurant, all contributing to a comfortable and productive work environment. On-site management and a property manager ensure efficient building operations. A comprehensive security system provides peace of mind. The building features elevators for easy access to all floors and is situated in Harris County. This is a rare opportunity to secure high-quality medical office space in a desirable Houston location. Inquire today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4053
    Latitude
    29.8041
    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
    $26,394
    $1,310,000
    $0.00
    $1,310,000
    -
    $1,310,000
    $0.00
    $1,310,000

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      739 26th St

      VACANT COMMERCIAL LAND • 0.38 Acres
      739 26th St, Houston, TX 77008-1701
      View Details
    • Value Estimation by Request
      0.15 Acres

      709 Nn W Loop

      VACANT COMMERCIAL LAND • 0.15 Acres
      709 Nn W Loop, Houston, TX 77008-4831
      View Details
    • Value Estimation by Request
      0.11 Acres

      Toledo St

      VACANT COMMERCIAL LAND • 0.11 Acres
      Toledo St, Houston, TX 77008
      View Details
    • Value Estimation by Request
      3.73 Acres

      6504 Hurst St

      VACANT COMMERCIAL LAND • 3.73 Acres
      6504 Hurst St, Houston, TX 77008-6217
      View Details
    • Value Estimation
      $21,845,000
      0.02 Acres

      Tannehill Dr

      VACANT COMMERCIAL LAND • 202,658 SF
      Tannehill Dr, Houston, TX 77008
      View Details
    • Value Estimation by Request
      0.45 Acres

      930 Yale St

      VACANT COMMERCIAL LAND • 1,845 SF
      930 Yale St, Houston, TX 77008-0001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,060 SF

      Heights Land Parcel Available

      Two land parcels in the Heights area, ideal for development.
      2710-2716 N Durham Dr, Houston, TX 77008
      View Details
    • Contact for pricing

      Houston Heights Redevelopment Land

      Land in Houston Heights, ideal for redevelopment.
      3555 W 12Th St, Houston, TX 77008
      View Details
    • $1,800,000

      Shady Acres Development Opportunity

      Unique lot with creek frontage, suitable for residential or commercial.
      1235 W 25Th St, Houston, TX 77008
      View Details
    • Contact for pricing
      1 SF

      Prime Heights Land Opportunity

      1.49 acres in Shady Acres, ideal for development.
      1122 West 19Th St, Houston, TX 77008
      View Details
    • $237,000

      Cleared Lot Ready for Construction

      3,000 sq ft cleared lot ready for construction.
      832 E 27Th St, Houston, TX 77008
      View Details
    • $2,300,000

      Prime Commercial Land Opportunity

      Land with potential in a desirable Houston location.
      745 W 17Th St, Houston, TX 77008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Heights Retail Opportunity

      Prime Houston location, 10,000 sqft.
      1607 Shepherd Dr, Houston, TX 77008
      View Details
    • Contact for pricing
      32,635 SF

      Heights Retail Land Lease Opportunity

      Prime Houston land, 32,635 sq ft, ideal for development.
      815 25Th St, Houston, TX 77008
      View Details
    • $18 SF/Yr
      39,677 SF

      Heights Area Retail Space for Lease

      Two buildings, flexible space, prime location.
      1955 T C Jester Blvd, Houston, TX 77008
      View Details
    • Contact for pricing
      2,601 SF

      Houston Heights Commercial Space

      2,601 SF Office/Retail - Prime Location
      1203 Durham Dr, Houston, TX 77008
      View Details
    • Contact for pricing
      3,320 SF

      Houston Heights 2-Bedroom Apartment

      Spacious 2-bedroom apartment with balcony in Houston Heights.
      915 Alexander St, Houston, TX 77008
      View Details
    • Contact for pricing
      2,393 SF

      Heights Corner-Lot Townhome For Lease

      Corner-lot townhome with hardwood floors, private yard, and convenient location.
      1539 Beall St, Houston, TX 77008
      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.
    427 20Th St
    Houston, TX 77008
    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.