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Property profile & analytics
OFF-MARKET Estimated value $1,425,000
Commercial real estate

4500 Washington Ave Houston, TX 77007-5476

23,210 SF 0.64 ac lot Built 2007
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US82-5426556
Property summary
AI-generated overview

This exceptional medical office building, located at 4500 Washington Avenue in Houston, Texas, 77007, offers a unique leasing opportunity. The property boasts a total of 3,683 square feet, currently entirely vacant and available for lease. The space is adaptable to various medical practices, offering flexible layouts to accommodate different needs. The building is classified as both retail and office space, with a specific subtype designation of medical office. Multiple tenancy is possible, allowing for the potential to lease the entire 3,683 square feet or a portion thereof. Individual suites can be as small as 1,183 square feet, while the maximum contiguous space available for lease is 2,500 square feet. This presents a fantastic opportunity for a single medical practice seeking a substantial space or multiple practices looking to share a building. The building's location in Houston, Texas, provides excellent access to major transportation routes and a thriving patient base. The property is described as a "second generation medical space," suggesting existing medical infrastructure may be in place. This turnkey solution could significantly reduce build-out costs and time for prospective tenants. Interested parties are encouraged to inquire about lease terms and conditions. The property is situated at 29.7707881 latitude and -95.4066768 longitude.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Construction STEEL FRAME
Total area 23,210 SF
Lot 0.64 ac (28,000 SF)
APN 1288410010001
UPID US82-5426556
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
  • Jennifer Hau Physician
  • Mary'z Mediterranean Cuisine Restaurant
  • Melanie Thibodeaux Bibb Dental Office
  • Dr. Dalbir Purewal Pediatrician Physician
  • Memorial Hermann-GoHealth Urgent Care 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
$1.43M
Owner & transaction history
Washington 4500 · 20 yrs held
Washington 4500
since 2006
7 recorded transactions
2006
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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