5005 Crosstimbers StHouston, TX 77016

Property Details for 5005 Crosstimbers St

Year built

2005

Construction

METAL FRAME

Lot size

0.80 AC

Property size (Sq ft)

9,380 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1267220010001

APU

1267220010001

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,921,040

  6.5%

  $1,773,267

  7%

  $1,646,605

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,386,451

  Geo Method

  $2,808,278

• Alternative Use

  Use

  Valuation

  Residential

  $2,198,852

  Hospitality

  $2,014,136

  Educational

  $1,675,738

  Medical

  $1,733,369

  Retail

  $2,606,703

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8314

Longitude

-95.3177

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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