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Comerica 13111 Westheimer Rd 59,625 SF 80% Leased Office Building Houston, TX 77077 $8,828,415 ($148.07/SF) 8% Cap Rate
Executive Summary
Unveiling a prime investment opportunity, the 59,625 SF 13111 Westheimer OFFICE BUILDING features 109 units and offers a compelling proposition for office building investors.? Built in 1984 and meticulously renovated in 2022, this property boasts a robust 95% occupancy rate, ensuring a steady income stream.? With flexible floorplates accommodating various office configurations and expansive exterior glazing flooding the interior with abundant natural light, the building provides an inspiring workspace environment.? Dedicated parking, efficient mechanical and electrical systems, secure entry points, and modern HVAC systems guarantee a hassle-free and comfortable experience for tenants.? Enhanced by its visibility from Westheimer Road and responsive property management, this property stands as a strong contender for investors seeking a high-yield, low-maintenance asset in the vibrant Houston market.?
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Property Facts
Sale Type
Investment
Property Type
Office
Building Size
59,625 SF
Building Class
B
Year Built
1984
Price
$8,828,415
Price Per SF
$148.07
Cap Rate
8%
NOI
$706,273
Percent Leased
80%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
14,906 SF
Building FAR
0.19
Lot Size
7.10 AC
Zoning
commercial
Parking
230 Spaces (3.86 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Controlled Access
- Security System
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0410360000357 | Improvements Assessment | $1,064,024 |
| Land Assessment | $2,067,000 | Total Assessment | $3,131,024 |
Property Taxes
Parcel Number
0410360000357
Land Assessment
$2,067,000
Improvements Assessment
$1,064,024
Total Assessment
$3,131,024
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Comerica | 13111 Westheimer Rd
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