1200 Binz StHouston, TX 77004

Property Details for 1200 Binz St

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.71 AC

Property size (Sq ft)

69,858 SF

Property type

Medical offices

Property subtype

Medical centers

APN

391630000001

APU

391630000001

Description

1200 Binz offers 7 available medical office suites ranging from 1,818 to 14,559 square feet within a 14-story, 257,707 square foot Class B building constructed in 1985. Located in southwest Houston, Harris County, Texas (77004), this property boasts 895 parking spaces and convenient access to I-69 and the South Freeway, as well as an on-site METRORail Red Line station. The building features elevators and is connected via skybridge to HCA Houston Healthcare Medical Center. Its prime location across from Hermann Park places it within the Texas Medical Center, the world's largest medical center, and near numerous restaurants, shops, museums, Rice University, and the Houston Zoo. The synergistic tenant roster includes UT Physicians, Diagnostic Clinic of Houston, Quest Diagnostics, and Picture Perfect Imaging Center. Ground floor amenities include Fia's Pizzeria and Bodega's Taco Shop. The 1.72-acre lot offers a unique opportunity for medical professionals seeking a prestigious and convenient location. This multiple-tenancy building presents a compelling investment opportunity in a thriving medical hub.

• CAP approach

  CAP return

  Valuation

  6%

  $14,307,034

  6.5%

  $13,206,493

  7%

  $12,263,172

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,325,661

  Geo Method

  $20,914,786

• Alternative Use

  Use

  Valuation

  Residential

  $16,376,052

  Hospitality

  $15,000,375

  Educational

  $12,480,136

  Medical

  $12,909,347

  Retail

  $19,413,546

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7241

Longitude

-95.3878

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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