8703 Meadowcroft DrHouston, TX 77063

Property Details for 8703 Meadowcroft Dr

Year built

1974

Construction

STEEL FRAME

Lot size

0.93 AC

Property size (Sq ft)

5,121 SF

Property type

Office buildings

APN

451430000150

APU

451430000150

Description

This exceptional Class A medical office property, located at 8703 Meadowcroft Dr in Houston, Texas (77063), offers a unique investment opportunity. The property encompasses two buildings totaling 9,093 square feet on a sizable 0.93-acre lot (approximately 40,511 square feet). Building 1, a 6,593 square foot structure, boasts Class A medical office finishes, including three exam rooms with plumbing, four sets of restrooms, a breakroom, eight individual offices, a spacious waiting area/lobby, one executive office with a private restroom, one administrative area/office, three large offices/conference/group rooms, and a dedicated conference room. Building 2 offers 2,500 square feet of fully renovated interior and exterior space, including a kitchenette and two restrooms. A short-term lease is currently in place, allowing the buyer flexibility to occupy or remove the tenant. The property features a fenced, oversized lot with controlled gate access, providing enhanced security and privacy. Its convenient location offers proximity to the Galleria area, Interstate 10, and the Westpark Tollway, ensuring excellent accessibility and visibility. This property presents a rare combination of size, location, and high-quality finishes, making it an ideal investment for medical professionals or investors seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,048,789

  6.5%

  $968,113

  7%

  $898,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $756,931

  Geo Method

  $1,533,176

• Alternative Use

  Use

  Valuation

  Residential

  $1,200,460

  Hospitality

  $1,099,615

  Educational

  $914,867

  Medical

  $946,331

  Retail

  $1,423,126

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7311

Longitude

-95.5172

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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