1415 La Concha LnHouston, TX 77054

Property Details for 1415 La Concha Ln

Year built

1979

Construction

BRICK

Lot size

1.00 AC

Property size (Sq ft)

10,365 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1042970000011

APU

1042970000011

Description

This exceptional 10,365-square-foot medical office building, situated on a one-acre lot (43,560 sq ft), presents a unique investment opportunity in Harris County. Built in 1979 and extensively renovated in 2020, this Class B property boasts a single-tenant occupancy, currently vacant, offering immediate potential for lease or owner-occupancy. The building features a spacious reception area, multiple medical exam rooms, a dedicated laboratory, x-ray room, and a post-operative/recovery room, all designed to meet the needs of a medical practice. Additional amenities include a conference room, an open bullpen area, and eleven oversized private offices, providing ample space for staff and patients. The property also includes a generator for reliable power, a fenced 40-space parking lot with an automatic gate, and a pleasant outdoor patio area. The high ceilings (10 feet) contribute to a bright and airy atmosphere. This turnkey, second-generation medical office building is ready for immediate use, offering a rare combination of functionality, convenience, and location. The property's APN is 1042970000011. The building is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $2,122,769

  6.5%

  $1,959,479

  7%

  $1,819,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,532,043

  Geo Method

  $3,103,177

• Alternative Use

  Use

  Valuation

  Residential

  $2,429,754

  Hospitality

  $2,225,642

  Educational

  $1,851,708

  Medical

  $1,915,391

  Retail

  $2,880,434

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.6917

Longitude

-95.4094

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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