1800 26Th StHouston, TX 77008

Property Details for 1800 26Th St

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.24 AC

Property size (Sq ft)

105,779 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1262140010001

APU

1262140010001

Description

This exceptional Class A medical office building, totaling 99,548 square feet, presents a unique investment opportunity in Houston's desirable Heights neighborhood. Located at 1800 W 26th Street, this five-story facility boasts a prime location adjacent to Memorial Hermann Greater Heights Hospital, offering convenient access to IH-610 and Hwy 290. Constructed in 2007, the building features a multi-tenant layout with approximately 20,000 square feet each on the first two floors, ideal for various medical practices. The upper three floors comprise a 67-bed inpatient facility (including 10 ICU rooms), complete with X-ray and CT imaging rooms, dedicated physical therapy space, multiple nurses' stations, administrative offices, and a fully equipped commercial kitchen and café. The property is equipped with state-of-the-art amenities including secondary gurney elevators, a med gas farm, a backup generator, and a dedicated ambulance drop-off area. Currently at 23% occupancy, this property is priced well below replacement cost, making it an attractive proposition for a variety of uses, including long-term acute care, outpatient rehabilitation, or other specialized hospital services. The building's excellent condition and strategic location within a high-income demographic area, coupled with its proximity to Houston's rapidly growing submarkets, ensures strong potential for future growth and return on investment. The 2.24-acre lot size provides ample space and flexibility for future expansion or development. This is a NNN lease type property with multi-tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $21,663,714

  6.5%

  $19,997,276

  7%

  $18,568,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,635,119

  Geo Method

  $31,669,174

• Alternative Use

  Use

  Valuation

  Residential

  $24,796,622

  Hospitality

  $22,713,572

  Educational

  $18,897,426

  Medical

  $19,547,336

  Retail

  $29,395,994

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8092

Longitude

-95.4309

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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