21368 Provincial BlvdKaty, TX 77450

Property Details for 21368 Provincial Blvd

Year built

2009

Construction

STEEL FRAME

Lot size

0.19 AC

Property size (Sq ft)

2,163 SF

Property type

Medical offices

Property subtype

Medical centers

APN

1246440010056

APU

1246440010056

Description

This exceptional 2,058-square-foot medical office condo is ideally situated in Katy, Texas, within a thriving professional business park. Built in 2009, this single-story, Class B building offers a single-tenant occupancy opportunity. The property boasts four exam rooms (without sinks), a dedicated X-ray room, and a spacious therapy/procedure room, providing a well-designed layout for medical practices. The convenient location offers easy access to I-10 via Mason Road or Westgreen Boulevard, ensuring excellent accessibility for patients and staff. The building sits on a single lot and includes 4.37 parking spaces per 1,000 square feet. This freestanding medical office condo presents a rare opportunity in a market with a reported 9.9% vacancy rate (per Costar), making it an attractive investment in a high-demand area. The property is located in Harris County, Texas, with a 77450 zip code. This turnkey solution is perfect for a medical professional seeking a functional and well-appointed space to establish or expand their practice. The property is entirely vacant, offering immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $532,646

  6.5%

  $491,673

  7%

  $456,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $339,320

  Geo Method

  $647,581

• Alternative Use

  Use

  Valuation

  Residential

  $609,675

  Hospitality

  $558,459

  Educational

  $464,631

  Medical

  $480,610

  Retail

  $722,759

Location Insight

City

Katy

County

Harris

State

Texas

Latitude

29.7764

Longitude

-95.7433

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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