5150 Crenshaw RdPasadena, TX 77505

Property Details for 5150 Crenshaw Rd

Year built

2008

Construction

WOOD FRAME

Lot size

0.15 AC

Property size (Sq ft)

2,027 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

1314780000001

APU

1314780000001

Description

This exceptional medical office building, located at 5150 Crenshaw Road in Pasadena, Texas, offers 14,234 square feet of completely vacant space, ideal for a variety of medical practices. The property is situated in Harris County, offering convenient access to major thoroughfares and a thriving patient base. Multiple tenancy options are available, with suites ranging from a minimum of 1,558 square feet to a maximum contiguous space of 2,575 square feet. This presents a unique opportunity for either a single large medical group seeking ample space or several smaller practices looking to establish themselves in a desirable location. The building's design is well-suited for medical use, and the ample parking ensures convenient access for patients and staff. The property is ready for immediate occupancy, allowing for a swift and efficient transition for new tenants. The address is 5150 Crenshaw Road, Pasadena, TX 77505. This is a fantastic opportunity to secure prime medical office space in a high-demand area. The entire building is currently vacant, providing a blank canvas for a new tenant or tenants to customize the space to their specific needs. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $415,133

  6.5%

  $383,200

  7%

  $355,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $299,609

  Geo Method

  $606,864

• Alternative Use

  Use

  Valuation

  Residential

  $475,168

  Hospitality

  $435,251

  Educational

  $362,124

  Medical

  $374,578

  Retail

  $563,304

Location Insight

City

Pasadena

County

Harris

State

Texas

Latitude

29.6392

Longitude

-95.1634

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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