Modern Office Condo in
For Sale
Contact for pricing
12250 Queenston Boulevard, Houston, TX 77095
Redesigned 1,218 SF office condo in Queenston Business Park.
Property Size1,218 SF
Price / SF$307
Days on Market115
Property Features for 12250 Queenston Boulevard
General Information
Standard status
Active
Size
1,218 SF
Class
B
Property subtype
Office
Building Details
Year Built
2018
Buildings
9
Stories
1
Units
64
Listing Agency:
PAT NAVARETTE
Listed By:
Mike Navarette - CCIM · License #TX #697577
Source:
Crexi
Added: May 14
Changed: Sep 4
Last Checked: Sep 4 at 6:26AM
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 PAT NAVARETTE
Investment Insights
Based on property information with market context.
This 1,218 square foot office condo is located within Queenston Business Park. Built in 2018, the space has been redesigned with a modern, collaborative layout, distinguishing it from traditional office condos. The layout includes a large open work area, two private offices, a glass-enclosed conference room, a break area, and a private restroom. The extensive use of glass walls provides a contemporary feel while maintaining separation between meeting spaces and work areas. This suite is designed for collaboration, visibility, and workflow. The dual-entry configuration offers client access from the front parking area and employee access from the rear entrance, where additional parking is available. The suite is positioned in an accessible section of the business park with abundant parking. Queenston Business Park is located in the Cypress trade area, one of the fastest-growing suburban markets in Northwest Houston. It combines direct-access office suites, front-door parking, and efficient low-rise construction within a professionally maintained business park environment. The property has immediate access to Highway 290 and close proximity to Grand Parkway (99), providing regional connectivity to Cypress, Katy, Northwest Houston, and surrounding residential growth corridors. Queenston Business Park is surrounded by established and expanding master-planned communities, including Towne Lake, Bridgeland, and Canyon Lakes. The business park supports a mix of professional and service-oriented users, including education, wellness, medical-adjacent, beauty, consulting, and administrative office tenants. Property features include direct-entry office suites, extensive surface parking, front-door client access, monument signage, an on-site conference facility, modern construction and finishes, an efficient single-story layout, and strong accessibility throughout the park. This office space is suitable for sales teams, creative agencies, startups, consulting groups, recruiting firms, and tech-enabled businesses.
Key Highlights
- Modern, collaborative office layout designed for team‑oriented work.
- Dual‑entry configuration provides separate client and employee access with ample parking.
- Located in Queenston Business Park with immediate access to Highway 290 and close proximity to Grand Parkway (99).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,005
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,100
$320.1K
Cap Rate 7%
$228,643
$228.6K
Cap Rate 9%
$177,833
$177.8K
Market Conditions
NOI Build-Up for 1,218 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.2K $24.00/SF
− Vacancy
−$7.9K −$6.48/SF
EGI
$21.3K $17.52/SF
− OpEx
−$5.3K −$4.38/SF
NOI
$16.0K $13.14/SF
Area
ZIP 77095
Vacancy
27.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$320,100
Cap Rate 7%
$228,643
Cap Rate 9%
$177,833
Alternative Uses
Best Use
Office B
$228.6K
$200.1K – $266.8K
NOI $16,005 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.2K
$274.1K – $365.4K
NOI $21,924 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 77095, TX
71,206
Population
26,429
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
4,844
Density / Sq Mi
$95,657
Median Household Income
$49,466
Median Earnings
$1,638
Median Rent
$288,500
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Redesigned 1,218 SF office condo in Queenston Business Park.
Where is this office units located?
The property is located at 12250 Queenston Boulevard Houston, TX.
What is the asking price?
The asking price for this property is $373,926.
What are key features of this property?
This property features: Modern, collaborative office layout designed for team‑oriented work.; Dual‑entry configuration provides separate client and employee access with ample parking.; Located in Queenston Business Park with immediate access to Highway 290 and close proximity to Grand Parkway (99).
