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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.

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
$234,450 CAD
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

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Health Care and Social Assistance
  • -
  • -
  • Full Service
  • Dec 2007

Chez Foot and Ankle Center, ils offrent les forfaits de traitement sur mesure les plus avancés et les plus efficaces pour répondre à vos besoins. Leur dévouement se manifeste dans les soins complets qu'ils prodiguent à leurs patients. Au Foot and Ankle Center, ils sont engagés dans leur mission : vous aider à vivre votre vie la plus saine.

  • Houston Urology
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Insulinic
  • -
  • -
  • -
  • Full Service
  • Apr 2027
  • Jerry K Miles
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Health Care and Social Assistance - - Full Service Dec 2007
Houston Urology Health Care and Social Assistance - - - -
Insulinic - - - Full Service Apr 2027
Jerry K Miles Health Care and Social Assistance - - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste 103
  • 1,649 SF
  • Office/Medical
  • Full Build-Out
  • Now

Cet espace était auparavant occupé par un chiropraticien.

Space Size Space Use Build-Out Available
1st Fl-Ste 103 1,649 SF Office/Medical Full Build-Out Now

1st Fl-Ste 103

Size
1,649 SF
Space Use
Office/Medical
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste 103

Size 1,649 SF
Space Use Office/Medical
Build-Out Full Build-Out
Available Now

Cet espace était auparavant occupé par un chiropraticien.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 0421850000343
  • 0421850000307
Land Assessment
$791,703 CAD
Improvements Assessment
$764,053 CAD
Total Assessment
$1,555,756 CAD
  • Listing ID: 41721415

  • Date on Market: 2026-08-12

  • Last Updated:

  • Address: 17215 Red Oak Dr, Houston, TX 77090

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