Office Unit in Business
For Sale
Contact for pricing
14343 Torrey Chase Boulevard, Houston, TX 77014
Office unit available for sale within the Atelier of Northchase business center.
Property Size650 SF
Price / SF$176.92
Days on Market31
Property Features for 14343 Torrey Chase Boulevard
General Information
Standard status
Active
Size
650 SF
Class
C
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1982
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
T.J. Van Auken · License #TX 538047
Source:
Crexi
Added: Jul 13
Changed: Aug 10
Last Checked: Aug 12 at 4:12AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This offering is a 650 SF office unit available for sale within the Atelier of Northchase business center. The property presents an opportunity for either investment or owner-user occupancy, depending on how the space will be used.
Located at 14343 Torrey Chase Blvd in Houston, the unit is part of a dedicated office business center environment.
The space is being marketed as a compact standalone office unit within the center, providing a straightforward footprint for a range of office uses.
Located at 14343 Torrey Chase Blvd in Houston, the unit is part of a dedicated office business center environment.
The space is being marketed as a compact standalone office unit within the center, providing a straightforward footprint for a range of office uses.
Key Highlights
- 650 SF office unit for sale
- Located in the Atelier of Northchase business center at 14343 Torrey Chase Blvd, Houston, TX 77014
- Year built: 1982
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
$7,582
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
6.59%
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%
$151,640
$151.6K
Cap Rate 7%
$108,314
$108.3K
Cap Rate 9%
$84,244
$84.2K
Market Conditions
NOI Build-Up for 650 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
$14.0K $21.60/SF
− Vacancy
−$3.9K −$6.05/SF
EGI
$10.1K $15.55/SF
− OpEx
−$2.5K −$3.89/SF
NOI
$7.6K $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 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%
$151,640
Cap Rate 7%
$108,314
Cap Rate 9%
$84,244
Alternative Uses
Best Use
Office B
$108.3K
$94.8K – $126.4K
NOI $7,582 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$167.1K
$146.3K – $195.0K
NOI $11,700 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 77014, TX
35,161
Population
13,166
Households
2.7
Avg Household Size
32
Median Age
22%
College-Educated
81%
High-School Grad
7.2 sq mi
ZIP Area
4,883
Density / Sq Mi
$54,456
Median Household Income
$34,192
Median Earnings
$1,220
Median Rent
$213,300
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 - Office unit available for sale within the Atelier of Northchase business center.
Where is this office units located?
The property is located at 14343 Torrey Chase Boulevard Houston, TX.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 650 SF office unit for sale; Located in the Atelier of Northchase business center at 14343 Torrey Chase Blvd, Houston, TX 77014; Year built: 1982
