Turnkey Office
10575 Westoffice Dr, Houston, TX 77042
For Sale
$2,395,000
Flexible office configuration supports owner-user occupancy or a multi-tenant setup.
Property Size12,321 SF
Price / SF$194.38
Days on Market94
Property Features for 10575 Westoffice Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
The property spans ±12,321 square feet of functional office space
Designed to support both single-tenant and multi-tenant configurations, with layouts that can be adapted to fit a variety of professional uses.
Opportunity for owner-users looking to consolidate operations, establish a headquarters presence or lease out additional suites to complementary professional tenants.
Its location reinforces the corridor's identity as a premier professional services destination for different operations.
Recently renovated the turnkey condition of the building minimizes upfront renovation costs and allows for a fast move-in timeline.
The building's flexible layout makes it well-suited for a range of office-based businesses, including medical or healthcare offices, government or municipal agencies, insurance brokerages, engineering and architecture firms, CPA accounting and Law practices.
Building Details
Building Size
Year Built
Listing Agency:
Houston Office
Listed By:
Preston Williams
(713) 452-4370
Source:
Marcusmillichap
Added: Aug 9
Changed: Oct 26
Last Checked: Nov 10 at 5:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houston Office
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Investment Insights
Based on property information with market context.
This 12,321-square-foot office building at 10575 Westoffice Dr in Houston, Texas, was built in 1980 and is presented in turnkey condition. The interior layout is adaptable for a single occupant or multiple office users, providing flexibility for headquarters, shared occupancy, or a combination of uses.
The property is situated within an established professional-services corridor. Nearby tenant sectors include healthcare, government, insurance, and engineering, placing the building within a business-oriented setting with office users in the surrounding area.
The property is situated within an established professional-services corridor. Nearby tenant sectors include healthcare, government, insurance, and engineering, placing the building within a business-oriented setting with office users in the surrounding area.
Key Highlights
- 12,321‑square‑foot office building
- Turnkey condition
- Flexible layout for single- or multi‑tenant occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,712
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,240
$2.9M
Cap Rate 7%
$2,053,029
$2.1M
Cap Rate 9%
$1,596,800
$1.6M
Market Conditions
NOI Build-Up for 12,321 SF
Gross rent
$266.1K $21.60/SF
− Vacancy
−$74.5K −$6.05/SF
EGI
$191.6K $15.55/SF
− OpEx
−$47.9K −$3.89/SF
NOI
$143.7K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,240
Cap Rate 7%
$2,053,029
Cap Rate 9%
$1,596,800
Alternative Uses
Best Use
Office B
$2.05M
$1.80M – $2.40M
NOI $143,712 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,778 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,961
Businesses Nearby
Explore this area
Business Placement
Demographics for 77042, TX
41,177
Population
21,252
Households
1.9
Avg Household Size
34
Median Age
44%
College-Educated
89%
High-School Grad
6.2 sq mi
ZIP Area
6,641
Density / Sq Mi
$57,745
Median Household Income
$40,687
Median Earnings
$1,287
Median Rent
$371,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Houston
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office building - Flexible office configuration supports owner-user occupancy or a multi-tenant setup.
Where is this office building located?
The property is located at 10575 Westoffice Dr Houston, TX.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 12,321‑square‑foot office building; Turnkey condition; Flexible layout for single- or multi‑tenant occupancy
