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Advanced Orthopaedics & Sports Medicine 601 Rockmead Dr 15,219 SF 100% Leased Office Building Kingwood, TX 77339 $5,636,666 ($370.37/SF) 6.78% Cap Rate
Investment Highlights
- The property is fully leased to Advanced Orthopaedics & Sports Medicine, which has operated at the site for over 15 years.
- The building is fully built out with modern medical finishes and a functional floor plan designed to accommodate a wide range of healthcare users.
- Thriving Houston MSA.
- Advanced Orthopaedics & Sports Medicine is a well-capitalized regional practice with multiple locations and a strong operating history.
- Situated on a 2.73-acre site, the property offers abundant surface parking and efficient site circulation.
Executive Summary
Partners is pleased to offer 601 Rockmead Dr, Kingwood, TX 77339, a stabilized medical office investment in Kingwood. The ±15,219 SF building sits on a 2.73-acre site and is 100% occupied by Advanced Orthopaedics, providing reliable healthcare tenancy and consistent income.
Offered at $5,636,666 ($370.37/SF), the property delivers a 6.78% cap rate on $382,543 in NOI. Built in 2004, the asset benefits from modern construction and long-term medical functionality within an established master-planned community supported by dense residential demand for medical services.
Offered at $5,636,666 ($370.37/SF), the property delivers a 6.78% cap rate on $382,543 in NOI. Built in 2004, the asset benefits from modern construction and long-term medical functionality within an established master-planned community supported by dense residential demand for medical services.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,219 SF
Building Class
B
Year Built
2004
Price
$5,636,666
Price Per SF
$370.37
Cap Rate
6.78%
NOI
$382,166
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
15,219 SF
Building FAR
0.13
Lot Size
2.73 AC
Zoning
5
Parking
94 Spaces (6.18 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 6433-09-00205 | Improvements Assessment | $1,348,247 |
| Land Assessment | $826,944 | Total Assessment | $2,175,191 |
Property Taxes
Parcel Number
6433-09-00205
Land Assessment
$826,944
Improvements Assessment
$1,348,247
Total Assessment
$2,175,191
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Advanced Orthopaedics & Sports Medicine | 601 Rockmead Dr
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