Turnkey Office
For Sale
$260,000
16310 Tomball Pkwy, Houston, TX 77064
Move-in ready turnkey office condo with ample on-site parking near major Houston thoroughfares.
Property Size1,175 SF
Price / SF$221.28
Days on Market69
Property Features for 16310 Tomball Pkwy
General Information
Standard status
Active
Size
1,175 SF
Class
B
Property subtype
office
Additional Details
Business Included
Yes
Listing Agency:
Houston
(713) 385-2737
Listed By:
Ben Sample · License #707293
(713) 385-2737
Source:
Property.jll
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 24 at 3:25AM
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
Investment Insights
Based on property information with market context.
This turnkey office condominium offers a move-in ready layout totaling 1,150 SF, suited to professional teams that want a polished, ready-to-operate space. Located within the established Willowbrook Office Center, the unit is configured for office use and can accommodate a range of knowledge-based businesses, including administrative, consulting, and real estate-related operations.
The property is located at 16310 Tomball Parkway (SH 249), providing visibility along a major corridor. The center’s setting also supports convenient regional access to Beltway 8 and FM 1960, which can help streamline commute and client travel. Ample on-site parking is available for staff and visitors.
For tenants or buyers seeking an office environment in an established office campus, this condominium’s combination of turnkey readiness, dedicated office configuration, and on-site parking supports straightforward occupancy. The unit is described as a fit for professional and medical-office users, along with other consulting and administrative needs, making it a practical option for organizations looking to transition into space without waiting for major buildout.
The property is located at 16310 Tomball Parkway (SH 249), providing visibility along a major corridor. The center’s setting also supports convenient regional access to Beltway 8 and FM 1960, which can help streamline commute and client travel. Ample on-site parking is available for staff and visitors.
For tenants or buyers seeking an office environment in an established office campus, this condominium’s combination of turnkey readiness, dedicated office configuration, and on-site parking supports straightforward occupancy. The unit is described as a fit for professional and medical-office users, along with other consulting and administrative needs, making it a practical option for organizations looking to transition into space without waiting for major buildout.
Key Highlights
- ±1,150 SF turnkey office condominium in the established Willowbrook Office Center
- Move‑in ready for professional, medical, consulting, administrative, or real estate use
- Located along Tomball Parkway (SH 249) for visibility and access
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
$15,989
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
6.15%
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%
$319,780
$319.8K
Cap Rate 7%
$228,414
$228.4K
Cap Rate 9%
$177,656
$177.7K
Market Conditions
NOI Build-Up for 1,175 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
$29.6K $25.20/SF
− Vacancy
−$3.0K −$2.52/SF
EGI
$26.6K $22.68/SF
− OpEx
−$10.7K −$9.07/SF
NOI
$16.0K $13.61/SF
Area
Houston, TX
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
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%
$319,780
Cap Rate 7%
$228,414
Cap Rate 9%
$177,656
Alternative Uses
Best Use
Healthcare Medical
$228.4K
$199.9K – $266.5K
NOI $15,989 @ 7.0% cap · market cap 6.15%
Second Best
Office B
$195.8K
$171.3K – $228.4K
NOI $13,705 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$302.1K
$264.4K – $352.5K
NOI $21,150 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 77064, TX
48,243
Population
17,358
Households
2.8
Avg Household Size
36
Median Age
29%
College-Educated
82%
High-School Grad
14.7 sq mi
ZIP Area
3,282
Density / Sq Mi
$85,318
Median Household Income
$42,133
Median Earnings
$1,477
Median Rent
$234,600
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready turnkey office condo with ample on-site parking near major Houston thoroughfares.
Where is this office units located?
The property is located at 16310 Tomball Pkwy Houston, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: ±1,150 SF turnkey office condominium in the established Willowbrook Office Center; Move‑in ready for professional, medical, consulting, administrative, or real estate use; Located along Tomball Parkway (SH 249) for visibility and access
