18700 Lake Houston PkwyHumble, TX 77346

Property Details for 18700 Lake Houston Pkwy

Year built

2002

Construction

BRICK

Lot size

3.60 AC

Property size (Sq ft)

12,856 SF

Property type

Medical offices

Property subtype

Medical centers

APN

402280000112

APU

402280000112

Description

This exceptional medical office complex, located at 18700 W Lake Houston Pkwy in Humble, Texas, 77346, offers a unique investment opportunity. The property consists of two buildings totaling 21,273 square feet, with 2,928 square feet currently vacant and available for lease. Built in 2002, the complex features attractive stone and masonry construction with high-pitched rooflines, creating a desirable garden-style environment. Each individual tenant space benefits from drive-up accessibility and prominent signage along W. Lake Houston Pkwy, ensuring excellent visibility. Ample parking is provided, with a generous 5.5/1,000 SF parking ratio. The complex enjoys a highly desirable location in the rapidly growing Atascocita area, approximately half a mile south of FM 1960 and adjacent to Atascocita Middle School. This prime location offers exceptional visibility and accessibility, making it an ideal choice for medical professionals seeking a thriving practice environment. The property's strategic placement along W. Lake Houston Pkwy ensures high traffic exposure and easy access for patients. Atascocita's robust growth trajectory presents a compelling investment opportunity in a dynamic and expanding market. The property's multiple tenancy structure provides flexibility and potential for diverse income streams. This is a rare opportunity to acquire a well-maintained, strategically located medical office complex in one of the fastest-growing areas in the United States.

• CAP approach

  CAP return

  Valuation

  6%

  $3,534,084

  6.5%

  $3,262,232

  7%

  $3,029,215

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,428,238

  Geo Method

  $3,848,958

• Alternative Use

  Use

  Valuation

  Residential

  $4,045,167

  Hospitality

  $3,705,351

  Educational

  $3,082,809

  Medical

  $3,188,831

  Retail

  $4,795,480

Location Insight

City

Humble

County

Harris

State

Texas

Latitude

29.9901

Longitude

-95.1609

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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