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4002 Burke Rd 25,444 SF 100% Leased Office Building Pasadena, TX 77504 $6,678,123 ($262.46/SF) 8.05% Cap Rate

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Investment Highlights

  • 100% occupied medical office building with 25,444 SF and 6 healthcare tenants.
  • Prime Pasadena location at high-traffic intersection with 20,000+ VPD exposure.
  • Strong tenant mix including pediatrics, OBGYN, pharmacy, and dental services.
  • Fresh 10-year NNN leases with 2.5% annual rent increases and ±7.3 years WALT.
  • Immediate value-add by leasing remaining 8% of space for increased returns.
  • Offered at $6,678,123 with an 8.05% cap rate and $537,663 NOI for stable cash flow.

Executive Summary

Patrick Graham
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
25,444 SF
Building Class
C
Year Built
1984
Price
$6,678,123
Price Per SF
$262.46
Cap Rate
8.05%
NOI
$537,663
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,444 SF
Building FAR
0.15
Lot Size
3.77 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • -

Fairmont Pediatrics is a privately held pediatric healthcare provider serving families in Pasadena and La Porte, Texas. Established in 1995, the practice focuses on comprehensive medical care for infants, children, adolescents, and teens, offering preventive services, diagnosis, and treatment of acute and chronic conditions. The clinic provides routine checkups, vaccinations, and specialized care for conditions such as asthma, allergies, and diabetes. Fairmont Pediatrics also offers rapid testing for common illnesses and supports telemedicine for convenient access to care. Led by experienced pediatricians, the practice is committed to promoting health and wellness throughout childhood.

  • Gagan Pharmancy
  • Retailer
  • -
  • -
  • -

Gagan Pharmacy is a community retail pharmacy located in Pasadena, Texas. Established in 2019, the pharmacy provides prescription dispensing, medication therapy management, and patient counseling services in compliance with state and federal regulations. It is privately held and serves the local population with a focus on pharmaceutical care, including vaccinations and health screenings.

  • Health Care and Social Assistance
  • -
  • -
  • -

NAG Clinics is a privately held healthcare provider offering family medicine, pediatrics, and urgent care services in Texas. Established in 2017, the organization operates as part of the Roots Health network, which emphasizes integrated care across multiple locations. NAG Clinics provides a range of services including same-day appointments, chronic disease management, vaccinations, and telemedicine options. The clinics have achieved recognition for patient-centered care models and maintain extended hours to improve accessibility. The company focuses on evidence-based practices and collaborates with schools and community programs to promote wellness.

  • Health Care and Social Assistance
  • -
  • -
  • -

Roots Health is a privately held healthcare management company headquartered in Pasadena, Texas. Founded in 2019, the organization focuses on acquiring and managing primary care practices to improve operational efficiency and patient access. Its services include administrative support, financial investment, and technology integration for independent physicians, allowing them to reduce administrative burdens while maintaining clinical autonomy.

  • Health Care and Social Assistance
  • -
  • -
  • -

Victory Smiles is a privately held dental practice founded in 2013, offering a wide range of dental services across multiple locations in Texas. The company provides preventative, restorative, and cosmetic treatments, including orthodontics, dental implants, and pediatric care. Victory Smiles emphasizes advanced dental technology and multi-specialty care under one roof. With offices in Houston, Pasadena, The Woodlands, and Huntsville, the organization serves diverse communities in the Greater Houston area.

Tenant Industry SF Occupied Rent/SF Lease End
Health Care and Social Assistance - - -
Gagan Pharmancy Retailer - - -
Health Care and Social Assistance - - -
Health Care and Social Assistance - - -
Health Care and Social Assistance - - -

Property Taxes

Property Taxes

Parcel Number
0461650000075
Land Assessment
$820,235
Improvements Assessment
$678,835
Total Assessment
$1,499,070
  • Listing ID: 39694716

  • Date on Market: 3/6/2026

  • Last Updated:

  • Address: 4002 Burke Rd, Pasadena, TX 77504

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