18525 Lake Houston PkwyHumble, TX 77346

Property Details for 18525 Lake Houston Pkwy

Year built

2002

Construction

BRICK

Lot size

0.96 AC

Property size (Sq ft)

15,514 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1205900010088

APU

1205900010088

Description

This exceptional two-story office building, totaling 13,665 square feet, is situated at 18525 W Lake Houston Parkway in Humble, Texas, zip code 77346. Constructed in 2002, the property boasts excellent visibility on West Lake Houston Parkway, benefiting from its location in the rapidly expanding Atascocita area of Harris County. The building offers multiple tenancies, although currently fully occupied. While specific suite sizes are not currently available, the building provides ample space for various professional office needs. Parking is readily available, with a ratio of approximately 3 spaces per 1,000 square feet. This property presents a unique opportunity to establish a presence in one of the nation's fastest-growing communities. Atascocita's dynamic growth trajectory, noted as the second-highest growth area in the United States in 2009 by the Gadberry Group, makes this a highly desirable location for businesses seeking expansion or relocation. The building's prime location and modern construction ensure a high-quality workspace for tenants. Inquire today for leasing information.

• CAP approach

  CAP return

  Valuation

  6%

  $4,264,762

  6.5%

  $3,936,704

  7%

  $3,655,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,930,280

  Geo Method

  $4,644,736

• Alternative Use

  Use

  Valuation

  Residential

  $4,881,512

  Hospitality

  $4,471,439

  Educational

  $3,720,185

  Medical

  $3,848,128

  Retail

  $5,786,954

Location Insight

City

Humble

County

Harris

State

Texas

Latitude

29.9874

Longitude

-95.1622

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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