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Property profile & analytics
FOR LEASE
Medical Office Space

8731 Katy Fwy Houston, TX 77024

109,601 SF 2 ac lot Built 2018
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US83-3726225
Property summary
AI-generated overview

Hedwig Place, a Class A medical office building, offers 102,775 square feet of space at 8731 Katy Fwy, Houston, TX 77024. This single, five-story building, constructed in 2019, sits on a 2-acre lot in Harris County and boasts 15,576 square feet of immediately available space. Multiple tenancy options are available, ranging from 3,586 to 6,919 square feet, perfect for medical practices seeking move-in ready suites. The building features upscale interior finishes and a modern design, creating a welcoming atmosphere for both patients and staff. Its prime location on the Katy Freeway (I-10) in the Memorial Villages provides excellent freeway visibility and proximity to Memorial Hermann Memorial City Hospital, as well as numerous upscale residential areas, fine dining, and retail options. The building offers ample parking with a 4 spaces per 1,000 square feet ratio. The property's APN is 1406070010001. This is an exceptional opportunity for medical professionals seeking a high-quality, conveniently located space in a thriving Houston submarket.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2018
Construction STEEL FRAME
Total area 109,601 SF
Lot 2 ac (87,120 SF)
APN 1406070010001
UPID US83-3726225
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
  • Federal American Grill Restaurant
  • Memorial Plastic Surgery Medical Clinic
  • Memorial Plastic Surgery: Kendall Roehl, MD, FACS Physician Medical Clinic
  • Kent G. Davis, MD Physician Medical Clinic
  • Memorial Plastic Surgery: Vasileios Vasilakis, MD, FACS Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.13M
Blend (final) Blend
$11.61M
Owner & transaction history
Hv Partners · 19 yrs held
Hv Partners
since 2007
7 recorded transactions
2017
Price N/A
2013
Price N/A
2011
Price N/A
2007
Price N/A
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $11.1M +58.4%
Auto repair, garage $10.2M +46.2%
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