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Building 1 5751 Blythewood St 16,528 SF 69% Leased Office Building Houston, TX 77021 For Sale
Executive Summary
Partners is pleased to present the Blythewood Medical Building, a ±16,500 square foot masonry medical office property situated on ±2.77 acres in Houston’s South Office submarket. Built in 2005, the asset offers a compelling value-add opportunity within a well established medical corridor. At closing, the property will deliver 100% economic occupancy through a 12-month seller master lease on the vacant 5,121-square-foot suite, providing stable and predictable cash flow during the initial year of ownership.
The property is strategically located minutes from the Texas Medical Center, University of Houston, Downtown Houston, Loop 610, I-45, and Highway 288, offering excellent accessibility and strong long term healthcare demand fundamentals. Monument signage along Old Spanish Trail further enhances visibility in this infill location.
With 69% physical occupancy and in-place rents below market comparables, the asset presents a clear path to revenue growth through lease-up and rent normalization. The building is particularly well suited for a medical owner/user seeking to occupy the available suite while benefiting from income generated by existing tenants.
Offered at a 7.75% cap rate, Blythewood Medical Building represents a below-replacement-cost acquisition combining initial income stability, operational flexibility, and long-term value creation within one of Houston’s most resilient healthcare submarkets.
The property is strategically located minutes from the Texas Medical Center, University of Houston, Downtown Houston, Loop 610, I-45, and Highway 288, offering excellent accessibility and strong long term healthcare demand fundamentals. Monument signage along Old Spanish Trail further enhances visibility in this infill location.
With 69% physical occupancy and in-place rents below market comparables, the asset presents a clear path to revenue growth through lease-up and rent normalization. The building is particularly well suited for a medical owner/user seeking to occupy the available suite while benefiting from income generated by existing tenants.
Offered at a 7.75% cap rate, Blythewood Medical Building represents a below-replacement-cost acquisition combining initial income stability, operational flexibility, and long-term value creation within one of Houston’s most resilient healthcare submarkets.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,528 SF
Building Class
B
Year Built
2006
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,528 SF
Building FAR
0.14
Lot Size
2.77 AC
Opportunity Zone
Yes
Zoning
None - N/A
Parking
120 Spaces (7.26 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Medical/Professional Office space
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 500 | 1,500-5,121 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 500
| Size |
| 1,500-5,121 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 500
| Size | 1,500-5,121 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Medical/Professional Office space
1 1
Property Taxes
| Parcel Number | 1003530000002 | Improvements Assessment | $144,392 CAD |
| Land Assessment | $3,731,429 CAD | Total Assessment | $3,875,821 CAD |
Property Taxes
Parcel Number
1003530000002
Land Assessment
$3,731,429 CAD
Improvements Assessment
$144,392 CAD
Total Assessment
$3,875,821 CAD
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Building 1 | 5751 Blythewood St
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