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    12621 Featherwood Dr, Houston, TX 77034 Houston, TX 77034

    Sponsored
    For Lease
    $24 SF/Yr

    Prime Houston office space, ample parking.

    Lot size:
    19,074 SF

    Property Features for 12621 Featherwood Dr, Houston, TX 77034

    General Information

    Property type
    Residential offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    19,074 SF
    Class
    B
    Total Parking Spaces
    337
    Elevators
    N/A
    Total Rate
    38942.75

    Amenities

    Building Details

    Year Built/Renovated
    1983/1999
    Stories
    3

    Overview

    Houston Office Space with Atrium

    Located in Southeast Houston, this office space offers 19,074 rentable square feet. The property provides access to Sam Houston Parkway, Interstate 45, and Highway 3, and is within 15 minutes of downtown Houston, Clear Lake, and Hobby Airport. The surrounding area includes shopping destinations, restaurants, hotels, and residential areas. On-site amenities include an atrium with natural light, a courtyard, dry cleaning services, and monthly tenant events with local food trucks. Ample parking is available, including over 300 surface spaces and reserved covered parking. Security features include key-card access and on-site security. The property also features monument signage. The building's design incorporates high ceilings, natural light, and a plug-and-play setup. Additional features include a controlled access system, a security system, a kitchen, central heating, and Wi-Fi. The proximity to the University of Houston provides access to a skilled workforce. The annual rate is $24.5 per square foot.

    We can help!

    Listing Contact
    Courtney Buckout

    Learn more

    Property Insight Report

    HighLights

    • Prime Southeast Houston location near major freeways & Hobby Airport.
    • 19,074 square feet of office space available with ample surface and covered parking.
    • Enjoy on‑site amenities including food trucks, dry cleaning, and a beautiful atrium.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rockwater Insurance Group Insurance Agency Robert A. Whitley Attorney ... Law Firm Stephan Todd Raska Financial Advisor Mariam Rasouli - Clear ... Loan Service Wells Fargo Advisors ... Financial Advisor

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Houston
    State
    Texas

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    FAQs

    What type of property is this?
    Residential office - Prime Houston office space, ample parking.
    Where is this residential office located?
    The property is located at 12621 Featherwood Dr, Houston, TX 77034 Houston, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features:
    (713) 209-5959
    Request Owner's contact information
    12621 Featherwood Dr, Houston, TX 77034 Houston, TX 77034
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12621 Featherwood Dr, Houston, TX 77034 Houston, TX 77034
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    We can help!
    Listing Contact
    Courtney Buckout
    (713) 209-5959
    Learn more
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