Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16525 Lexington Blvd Sugar Land, TX 77479

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr ($2,945 /Mo)

    Two-story building with office over retail in Sugar Land.

    Property size:
    2,356 SF
    Lot size:
    3.20 Acres

    Property Features for 16525 Lexington Blvd

    General Information

    Size
    2,356 SF
    Lot size
    3.20 Acres

    We can help!

    Listing Contact
    Kolbe Curtice, CCIM
    Source: Moodyscre

    Listing Agency: Colliers - Sugar Land Listing Agent: Kolbe Curtice, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office and Retail Space Available

    This two-story building, offering both office and retail spaces, is situated at the intersection of Lexington Boulevard and Austin Parkway in Sugar Land, Texas. The property is located across from First Colony Mall and near Sugar Land Town Square and is anchored by CVS. Built-out office spaces are available on the second floor, accessible via a separate lobby entrance. Exterior signage opportunities are available. The available space is 2356 square feet. Leases are full-service, including utilities and janitorial services twice per week.
    Location Intelligence

    Current Use by Public Records

    Goodwill Houston Donation ... Non-Profit Organization AMAO Alternative Medicine Practitioner Champions Mortgage Mortgage Broker Sugar Land Functional ... Medical Clinic Katherine Larson Physician Assistant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Land
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.623589
    Latitude
    29.5877231

    Nearby Similar for Lease

    • $28 SF/Yr
      5,707 SF

      Medical Office Across From Hospital

      Move-in ready medical office space in Sugar Land's medical district.
      3519 S Town Center Blvd S, Sugar Land, TX 77479
      View Details
    • $1,950 /Mo
      1,374 SF

      Updated Home with Water Views

      Updated home in First Colony with water views and great schools.
      4144 Greystone Way, Sugar Land, TX 77479
      View Details
    • $2,400 /Mo
      1,732 SF

      Greatwood Home with Open Layout

      Three-bedroom home in Greatwood with maintained exterior and community amenities.
      1742 Pepper Hill Ln, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      3,873 SF

      Turnkey Retail Medical Office Building

      Class A, 3,873 SF retail/medical office in Sugar Land.
      2455 Highway 6, Sugar Land, TX 77478
      View Details
    • $8,000,000
      1,500 SF

      Former Grocery Store in Sugar Land

      60,034 SF vacant retail property in growing Sugar Land.
      5720-5870 New Territory Blvd, Sugar Land, TX 77479
      View Details
    • $288 SF/Yr
      14,722 SF

      Greatwood Medical/Creative Office Space

      1,400 SF - 14,722 SF Available
      6560 Greatwood Pkwy, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      3,116 SF

      Retail End Cap I-69 Frontage

      Retail space with high visibility and traffic in Sugar Land.
      15820 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • Contact for pricing
      96,623 SF

      Woodbridge Shopping Center: Sugar Land

      High-traffic retail space available.
      0 Airport Blvd, Sugar Land, TX 77498
      View Details
    • Contact for pricing
      1,365 SF

      Kensington Plaza Retail Space For Lease

      ±1,365 SF Retail Space in Sugar Land
      16100 Kensington Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      9,899 SF

      New Warehouse in Sugar Land

      Newly constructed warehouse space for lease in Sugar Land Business Park.
      1350 Industrial Blvd, Sugar Land, TX 77478
      View Details
    • $18 SF/Yr
      69,011 SF

      Sugar Land Office Space for Lease

      Class A Office, Multiple Suites Available
      14140 Southwest Fwy, Sugar Land, TX 77478
      View Details
    • $10 SF/Yr
      6,279 SF

      Sugar Land Office Space Available

      Flexible Offices, Coworking & More
      18722 University Blvd, Sugar Land, TX 77479
      View Details

    FAQs

    What type of property is this?
    Office space - Two-story building with office over retail in Sugar Land.
    Where is this office space located?
    The property is located at 16525 Lexington Blvd Sugar Land, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime location at the intersection of Lexington Boulevard and Austin Parkway in Sugar Land, TX.; - Across from First Colony Mall and near Sugar Land Town Square.; - Anchored by CVS.
    (281) 494-4769
    Request Owner's contact information
    16525 Lexington Blvd Sugar Land, TX 77479
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16525 Lexington Blvd
    Sugar Land, TX 77479
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    16525 Lexington Blvd Sugar Land, TX 77479
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kolbe Curtice, CCIM
    (281) 494-4769
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.