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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7500 Fannin St Houston, TX 77054

    • Parking lots & garages
    • 743,040 SF
    For Lease
    View listing
    $28 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2369310
    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

    • Texas Oncology-Houston Medical Center Gynecologic Oncology / Oncologist
    • Ayamo Oben, MD / Obstetrician-Gynecologist / Doctor
    • Kylie Lee Klein / Obstetrician-Gynecologist / Health Care Facility
    • Caroline Imbs, DO / Obstetrician-Gynecologist / Doctor
    • Houston Women's Care Associates / Women'S Health Clinic

    Property Details for 7500 Fannin St

    Year built
    2020
    Construction
    CONCRETE
    Property size
    743,040 SF
    Property type
    Parking lots & garages
    APN
    1252490010003
    APU
    1252490010003

    Description

    This exceptional five-story, Class A medical office building, completed in 2022, offers 119,113 gross square feet of prime space within the vibrant Texas Medical Center area. Located on the Woman's Hospital of Texas campus, this property boasts a convenient location, less than a mile south of the Texas Medical Center. The building features a generous parking ratio of 5 spaces per 1,000 square feet, with connected parking garages ensuring easy access. A campus shuttle stop provides added convenience. Seven suites are currently available, ranging from 2,025 to 24,020 contiguous square feet, with a total of 40,729 square feet currently vacant. The building offers triple-net lease terms and generous build-out allowances. The property's strategic location on a bustling campus with over 800 babies born monthly and over 650 licensed physicians provides unparalleled access to a large female and pediatric patient base. This is a rare opportunity to secure space in a brand-new, state-of-the-art medical office building in a high-demand location. The building's 122,056 total square feet and minimum divisible space of 2,025 square feet offer flexibility for various medical practices. Covered patient drop-off adds to the convenience and professional image. Inquire today for rental rates and further details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,928,000
      Market price range: $736k - $3.44M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $1,895,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.403
    Latitude
    29.6934
    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
    $1,555,260
    $0.00
    $45,690,056
    $45,690,056
    -
    $0.00
    $45,690,056
    $45,690,056

    Comparable in this City

    • Value Estimation by Request
      238,450 SF

      7600 Fannin St

      PARKING GARAGE, PARKING STRUCTURE • 238,450 SF
      7600 Fannin St, Houston, TX 77054-1906
      View Details
    • Value Estimation by Request
      403,200 SF

      7778 Knight Rd

      PARKING GARAGE, PARKING STRUCTURE • 403,200 SF
      7778 Knight Rd, Houston, TX 77054
      View Details
    • Value Estimation
      $960,000
      210,600 SF

      7892 Knight Rd, Unit 281

      PARKING GARAGE, PARKING STRUCTURE • 210,600 SF
      7892 Knight Rd, Houston, TX 77054-3023
      View Details
    • Value Estimation
      $1,225,000
      481,313 SF

      1901 Old Spanish Trl

      PARKING GARAGE, PARKING STRUCTURE • 481,313 SF
      1901 Old Spanish Trl, Houston, TX 77054-2003
      View Details
    • Value Estimation
      $830,000
      151,226 SF

      2621 Loop W Loop

      PARKING GARAGE, PARKING STRUCTURE • 151,226 SF
      2621 Loop W Loop, Houston, TX 77054-2635
      View Details
    • Value Estimation
      $525,000
      5,213 SF

      2802 Old Spanish Trl

      GAS STATION • 5,213 SF
      2802 Old Spanish Trl, Houston, TX 77054-2208
      View Details

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      Land Available in Houston

      Land for sale at 3161 W Loop S, Houston, TX.
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    7500 Fannin St
    Houston, TX 77054
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    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
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