Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Space in Sugar Land Title is generated by Realmo AI

    2245 Texas Drive, Sugar Land, TX 77479

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Live-work-play environment with walkable amenities in Sugar Land Town Square.

    Type:Office
    Lot size:
    1.40 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 18 at 8:47 am

    Property Features for 2245 Texas Drive

    General Information

    Standard status
    Active
    Lot size
    1.40 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Bubba Harkins

    Listing agent Bubba Harkins

    Listing office

    Listing date Mar 25, 2026

    Source Cbre

    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 Bubba Harkins

    HighLights

    • Live‑work‑play environment offering a dynamic lifestyle.
    • Walkable amenities including retail and restaurants are right outside your door.
    • Located in Sugar Land Town Square, a premier destination.
    • Enjoy the 1.4 acre pedestrian plaza, perfect for relaxation and community events.
    • Benefit from the convenience of a full‑service Marriott Hotel & Conference Center.
    • Garage parking available.

    Overview

    This mixed-use space is located in Sugar Land Town Square, approximately 20 miles southwest of Houston. The property is situated within a live-work-play environment that includes a 1.4-acre pedestrian plaza, retail and restaurant options, a full-service Marriott Hotel and Conference Center, and garage parking. The location is part of a vibrant setting with flourishing businesses, first-class medical facilities, dynamic shopping, and friendly people.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fig Loans Bank Covington & Zand Law ... Law Firm Virtual-Q Tech Support Center First Colony Medical ... Medical Supply Store Land Clearings Sugar ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store 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
    -95.6201817
    Latitude
    29.5968643

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      TX, Sugarland - University Blvd

      18722 University Blvd, Sugar Land, TX 77479
      View Details
    • Sponsored
      Contact for pricing

      TX, Sugar Land - Brisbane Ct

      6920 Brisbane Ct, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Three Sugar Creek

      3 Sugar Crk Ctr, Unit 100, Sugar Land, TX 77478
      View Details
    • Contact for pricing

      Williams Trace

      14090 Southwest Fwy, Unit 300, Sugar Land, TX 77478
      View Details
    • Contact for pricing

      Town Square

      2245 Texas Dr, Unit 300, Sugar Land, TX 77479
      View Details
    • $17 SF/Yr

      Sugar Land Office Sublease Available

      Class A office space for sublease in Sugar Land, Texas.
      1 Sugar Creek Center Boulevard, Suite 400, Sugar Land, TX 77478
      View Details
    • $21 SF/Yr

      Class A Office Building

      Ten-story office building with recent renovations and park-like setting.
      14141 Southwest Fwy, Sugar Land, Texas 77478
      View Details
    • Contact for pricing

      Move-in Ready Medical Office Suite

      4,800 SF medical office suite in Sugar Land, Texas.
      3521 Town Center Boulevard, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Class A Office Space Available

      High-quality office building in a sought-after Houston suburb.
      14100 Southwest Fwy Sugar, Land, TX 77478
      View Details
    • $18 SF/Yr

      Sugar Land Office Space Available

      Four-story office building with Highway 59 frontage in Sugar Land.
      14140 Southwest Freeway, Sugar Land, TX
      View Details
    • Contact for pricing

      Class A Boutique Office Building

      Recently constructed office building near Highway 59 and Grand Parkway.
      6908 Brisbane Ct Sugar, Land, TX 77479
      View Details
    • $3,413/Mo

      Retail Space on Highway 6

      Retail space available for lease in Sugar Land, TX.
      3410-3412 Highway 6, Sugar Land, TX
      View Details

    FAQs

    What type of property is this?
    Live-work space - Live-work-play environment with walkable amenities in Sugar Land Town Square.
    Where is this live-work space located?
    The property is located at 2245 Texas Drive Sugar Land, TX.
    What are key features of this property?
    This property features: Live‑work‑play environment offering a dynamic lifestyle.; Walkable amenities including retail and restaurants are right outside your door.; Located in Sugar Land Town Square, a premier destination.
    (713) 577-1723
    We can help!
    Listing Contact
    Bubba Harkins
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2245 Texas Drive, Sugar Land, TX, 77479
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!