17115 Red Oak DrHouston, TX 77090

Property Details for 17115 Red Oak Dr

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.60 AC

Property size (Sq ft)

54,077 SF

Property type

Medical offices

Property subtype

Medical centers

APN

421850000897

APU

421850000897

Description

Red Oak Atrium, a prime medical office building in Houston, Texas, offers 11 available suites ranging from 888 to 2,076 square feet. Located at 17115 Red Oak Dr, Houston, TX 77090, this multi-tenant property boasts a total of 53,066 square feet. Situated in the Cypress Station area of Houston, it benefits from a highly convenient location, less than 0.2 miles from the Houston Northwest Medical Center, a HCA-owned hospital. This presents an excellent opportunity for medical professionals seeking established space within a thriving medical hub. The building's attractive design makes it an ideal setting for a variety of medical practices. The property is located in Harris County and offers a range of suite sizes to accommodate diverse needs. This is a well-positioned asset in a high-demand area, providing immediate access to a significant patient base and a strong medical infrastructure. The multiple tenancy structure offers flexibility for various medical businesses. Interested parties are encouraged to inquire about available suite sizes and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $14,865,640

  6.5%

  $13,722,129

  7%

  $12,741,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,214,048

  Geo Method

  $16,190,113

• Alternative Use

  Use

  Valuation

  Residential

  $17,015,440

  Hospitality

  $15,586,052

  Educational

  $12,967,412

  Medical

  $13,413,382

  Retail

  $20,171,530

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

30.0176

Longitude

-95.445

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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