9816 Memorial BlvdHumble, TX 77338

Property Details for 9816 Memorial Blvd

Year built

1980

Construction

BRICK

Lot size

1.80 AC

Property size (Sq ft)

30,550 SF

Property type

Medical offices

Property subtype

Medical centers

APN

410510010593

APU

410510010593

Description

The Humble Medical Arts Building, situated at 9816 Memorial Blvd in Humble, Texas, presents a compelling investment opportunity. This two-story, Class C medical office building encompasses 28,369 square feet and sits on a 1.8-acre lot in Harris County. Constructed in 1980, the building features a single structure with ample parking – 140 spaces, both covered and uncovered. An elevator is conveniently available for access to both floors. Currently, there are four available suites ranging in size from 686 to 3,891 square feet, ideal for a variety of medical practices. The building benefits from its proximity to Memorial Hermann Northeast Hospital Campus, offering excellent visibility and accessibility for patients. Monument signage opportunities are also available, enhancing branding potential. The property boasts convenient access to Highway 59, ensuring easy commutes for both staff and patients. Importantly, the building is located in a high and dry area, unaffected by the Harvey flooding. This well-maintained property offers a strong foundation for growth and success within the thriving Humble medical community. The building's multiple tenancy structure provides flexibility for various medical professionals seeking established space in a convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $8,398,123

  6.5%

  $7,752,114

  7%

  $7,198,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,770,275

  Geo Method

  $9,146,364

• Alternative Use

  Use

  Valuation

  Residential

  $9,612,621

  Hospitality

  $8,805,109

  Educational

  $7,325,748

  Medical

  $7,577,691

  Retail

  $11,395,607

Location Insight

City

Humble

County

Harris

State

Texas

Latitude

29.9935

Longitude

-95.2749

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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