11003 Resource PkwyHouston, TX 77089

Property Details for 11003 Resource Pkwy

Year built

1995

Construction

BRICK

Lot size

1.12 AC

Property size (Sq ft)

10,952 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1167200000003

APU

1167200000003

Description

This exceptional Houston medical office property, located at 11003 Resource Pkwy, 77089, offers two immediately available suites totaling 1,500 to 2,788 square feet. Built in 2000, the building features a flexible layout allowing for either individual occupancy or combination for larger tenants. Suite 105 boasts a spacious reception and waiting area, private offices, and a convenient breakroom. Suite 106 is perfectly configured for medical use, including a waiting room, reception area, seven exam rooms, a lab, and ample storage on the first floor. Upstairs, Suite 106 offers additional space with two offices, a staff lounge, and a file room. The property is conveniently located in Houston, Texas, near Resource Parkway. An unfinished second floor presents a significant opportunity for future expansion, catering to the growth needs of a thriving practice. The building does not have elevators. This is a multi-tenant property offering a unique blend of functionality and potential. The suites are move-in ready, eliminating the need for extensive renovations and allowing for immediate business operations.

• CAP approach

  CAP return

  Valuation

  6%

  $2,242,988

  6.5%

  $2,070,450

  7%

  $1,922,561

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,618,807

  Geo Method

  $3,278,919

• Alternative Use

  Use

  Valuation

  Residential

  $2,567,358

  Hospitality

  $2,351,686

  Educational

  $1,956,576

  Medical

  $2,023,865

  Retail

  $3,043,562

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.5868

Longitude

-95.2084

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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