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13111006
13111007

13414 Medical Complex Dr, Tomball, TX 77375

RE
TX 0669992
Berkshire Hathaway Premier Properties
Listed by Berkshire Hathaway Premier Properties
Undisclosed Rate
17 days on market
Updated 13 days ago

Tomball Doctors Medical Plaza

Building Details
Property Type Office, Special Purpose
Sub Type Traditional Office, Executive Office (+3)
Tenancy Single
Lease Type NNN
Class C
Total Building SqFt 2,904
Vacant SqFt 2,904
Ceiling Height 8
Total Parking Spaces Ample Parking 10
Year Built 1984

Spaces

Office | Single tenant | 2,903 SqFt

Building description

Tomball Doctor’s Medical Plaza Suites 1 & 2 at 13414 Medical Complex Dr., Tomball, TX 77375 offers a rare opportunity to acquire an established medical office asset in one of Tomball’s most strategic healthcare locations. Positioned directly adjacent to Tomball Regional Hospital and across from the hospital’s entrance and emergency room, the property delivers exceptional convenience for patients, physicians, and staff. The plaza totals approximately 2904 SF across 2 professional condominium suites located on a 2 acre site. Built in 1984, the project features timeless mid-century modern architecture, a landscaped interior courtyard, flexible suite sizes ranging from approximately 900 SF to 2904 SF, and ample parking with access from three sides. Existing medical buildouts include reception areas, waiting rooms, offices, exam rooms with sinks, and private restrooms. With a mix of long-term medical tenants and value-add leasing upside, this property combines in-place stability with strong income growth potential. Offered at $420,600, the asset presents compelling investment metrics, including projected NOI of approximately $49.500 and a pro forma cap rate of 11.8%. Surrounded by a growing population, rising incomes, and strong healthcare demand, this is an attractive opportunity in Tomball’s expanding medical corridor.

The Tomball Doctor’s Medical Plaza is an established medical office condominium complex strategically located at 13414 Medical Complex Drive, directly adjacent to Tomball Regional Hospital. Comprising approximately 23,560 square feet across 13 condominium suites, this facility was constructed in 1984 and exemplifies timeless mid-century modern architecture, thoughtfully designed around an inviting, landscaped interior courtyard. The complex offers excellent proximity, situated directly across from the hospital's entrance and emergency room, creating unparalleled convenience for patients and healthcare professionals.

This property hosts well-established, long-term tenants, including two major tenants present since the property’s inception. Priced competitively at $3,440,000, the property has significant potential for enhanced returns, supported by a proforma NOI of $325,708.02 and a proforma cap rate of 8%.

Building highlights

  • Strategic Location: Immediately adjacent to Tomball Regional Hospital’s primary entrances, maximizing convenience for patients and medical professionals.
  • Established Tenancy: Includes long-standing tenants, ensuring stable income streams.
  • Attractive Financial Metrics: Proforma NOI of $325,708.02 with a proforma cap rate of 8%.
  • Flexible Suite Configurations: Individual suites range from 900 SF to 3,150 SF, equipped with waiting areas, offices, reception areas, exam rooms with sinks, and private restrooms. Three suites have been combined into larger double suites.
  • Competitive Pricing: Offered at attractive pricing, providing strong investment metrics and immediate equity potential.
  • Design Appeal: Mid-century modern design complemented by natural landscaping and an attractive courtyard, enhancing patient experience.
  • Ample Parking: Surrounded by convenient parking, easily accessible from three sides, ideal for medical office tenants.
  • Local Economic Strength: Tomball area showcases robust population and economic growth, supporting long-term property value appreciation

Listing Contacts

RE
TX 0669992
Berkshire Hathaway Premier Properties
Listed by Berkshire Hathaway Premier Properties

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Additional Information

Name
Richard Egan
License
0669992
*All information is deemed reliable but not guaranteed. Lessee to verify all information.
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