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Property profile & analytics
FOR LEASE
Medical Office Space

5005 E Crosstimbers St Houston, TX 77016

9,380 SF 0.8 ac lot Built 2005
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US82-4527945
Property summary
AI-generated overview

This exceptional 9,180-square-foot medical office building, located at 5005 E Crosstimbers St in Houston, Texas, presents a unique opportunity for a single tenant. Built in 2005, the property boasts a spacious layout, ideal for a variety of medical practices. The entire building is currently vacant, offering immediate occupancy for a prospective tenant. Situated on a substantial 34,848-square-foot lot in the desirable 77016 zip code, the property provides ample space and visibility. Convenient parking is ensured with 47 spaces available, offering a generous 5.11 spaces per 1,000 square feet. The building's location within Harris County offers easy access to major transportation routes and a thriving medical community. This single-tenant occupancy building provides a rare opportunity to establish a prominent presence in a high-demand area. The property's modern design and ample parking make it an attractive option for medical professionals seeking a well-equipped and conveniently located space to serve their patients. The entire 9,180 square feet is available for lease, providing flexibility for a tenant to customize the space to meet their specific needs. This is a turnkey opportunity for a medical practice seeking a high-profile location in Houston.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Construction METAL FRAME
Total area 9,380 SF
Lot 0.8 ac (34,826 SF)
APN 1267220010001
UPID US82-4527945
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
  • Dr. Robert Selvester Pediatrician Physician
  • Diana P Cativo Physician
  • Dedicated Senior Medical Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$551k
Blend (final) Blend
$530k
Owner & transaction history
Pinemont Retail Investment LLC · 8 yrs held
Pinemont Retail Investment LLC
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $850,000 +42.2%
Office building $650,000 +9.0%
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