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17215 Red Oak Dr
Houston, TX 77090
17215 Red Oak Professional · Office Property For Sale


Investment Highlights
- Long-Term Medical Anchor – Foot and Ankle Centers of North Houston occupies approximately 45% of the building and recently extended through April 2035
- Strong In-Place Cash Flow – The property is 76.9% occupied and generates approximately $168,358 in annual NOI.
- 7.02-Year WALT – Provides meaningful lease term and limited near-term rollover exposure.
- Immediate Value-Add Upside – 3,931 SF of vacant medical office space provides a clear path to increase occupancy, revenue, and NOI.
- Hospital-Adjacent Location – Situated near HCA Houston Healthcare Northwest, a 423-bed acute-care hospital.
- High-Growth Houston Market – Harris County has surpassed 5 million residents, supported by strong population growth and healthcare demand.
Executive Summary
Zeustra is pleased to present the exclusive opportunity to acquire 17215 Red Oak Drive, a 16,983-square-foot multi-tenant medical office building strategically positioned within North Houston’s established Red Oak Drive healthcare corridor.
The property is 76.9% occupied and generates approximately $168,358 in annual NOI, providing investors with stable in-place medical income alongside a clear value-add opportunity through the lease-up of 3,931 square feet of available medical office space.
The property is anchored by Foot and Ankle Centers of North Houston, an established nine-physician specialty practice serving the Houston market since 1974. The practice occupies approximately 45% of the building and recently extended its lease through April 2035, providing significant long-term income stability and limited near-term rollover exposure.
Located immediately adjacent to the HCA Houston Healthcare Northwest medical campus, the property benefits from an established healthcare ecosystem, strong surrounding demographics and convenient access to Interstate 45 and Cypress Creek Parkway.
With durable medical tenancy, a long-term anchor commitment and immediate lease-up potential, 17215 Red Oak Drive offers investors the ability to acquire stable healthcare real estate with a defined path to NOI growth in one of the nation’s largest and fastest-growing metropolitan markets.
The property is 76.9% occupied and generates approximately $168,358 in annual NOI, providing investors with stable in-place medical income alongside a clear value-add opportunity through the lease-up of 3,931 square feet of available medical office space.
The property is anchored by Foot and Ankle Centers of North Houston, an established nine-physician specialty practice serving the Houston market since 1974. The practice occupies approximately 45% of the building and recently extended its lease through April 2035, providing significant long-term income stability and limited near-term rollover exposure.
Located immediately adjacent to the HCA Houston Healthcare Northwest medical campus, the property benefits from an established healthcare ecosystem, strong surrounding demographics and convenient access to Interstate 45 and Cypress Creek Parkway.
With durable medical tenancy, a long-term anchor commitment and immediate lease-up potential, 17215 Red Oak Drive offers investors the ability to acquire stable healthcare real estate with a defined path to NOI growth in one of the nation’s largest and fastest-growing metropolitan markets.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,983 SF
Building Class
B
Year Built/Renovated
1984/2023
NOI
$168,358
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,983 SF
Building FAR
0.25
Lot Size
1.57 AC
Zoning
None
Parking
128 Spaces (7.54 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Property Manager on Site
- Security System
Property Taxes
| Parcel Numbers | Improvements Assessment | $548,664 | |
| Land Assessment | $568,519 | Total Assessment | $1,117,183 |
Property Taxes
Parcel Numbers
Land Assessment
$568,519
Improvements Assessment
$548,664
Total Assessment
$1,117,183
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