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    Class A Office Building Title is generated by Realmo AI

    14950 Heathrow Forest Pkwy, Houston, TX 77032

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    Suburban office building with atrium lobby and amenity package.

    Type:Office
    Added:
    Aug 1, 2018
    Days on Market:
    2867
    Last Refresh:
    May 19 at 9:18 pm

    Property Features for 14950 Heathrow Forest Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 14950 Heathrow Forest Pkwy Contact us

    We can help!

    Listing Contact
    Jenny Seckinger

    Listing agent Jenny Seckinger License #TX 594781

    Listing office Colliers - Houston, Texas

    Listing date Aug 1, 2018

    Source Crexi

    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 Colliers - Houston, Texas

    HighLights

    • Premier Class A office building in a desirable suburban location.
    • Convenient access to IAH airport and major freeways.
    • Comprehensive on‑site amenities including a fitness center, conference room, and delicatessen.
    • Secure environment with 24/7 access, gated entrance, and security guard.
    • Located within the Interwood Corporate Park, a 415‑acre wooded area with jogging trails.
    • Proximity to Marriott hotels, restaurants, daycare, and banking.

    Overview

    The Meadows at Interwood is a Class A suburban office building featuring cantilevered office areas overlooking a four-story atrium lobby. Located in the Interwood Corporate Park development, a densely wooded 415-acre area, the property includes a 1-1/4 mile jogging trail and 17 varieties of Texas trees. The building provides an amenity package to tenants, including proximity to IAH and access to major freeways. Two Marriott hotels are within walking distance. The Houston Fire Fighter’s Relief and Fund Building next door has conference rooms available for rent. Restaurants, day care, and banking are also nearby. On-site amenities include locker rooms/showers with steam showers, a complimentary fitness center, a wi-fi enabled atrium lounge, a skybridge coffee bar, a delicatessen with indoor and outdoor seating, a furnished conference room, 24/7 building access with a card key, an electronically gated vehicle entrance, a professional security guard, and four elevators, with two servicing the parking garage and 5th-floor/penthouse above the garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Molex Group LLC Chemical Plant ABM Insurance & Benefit ... Insurance Agency Benckenstein Reviere & Dresden, ... Law Firm Rogers & Brown Shipping Company Gateway Mortgage Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.3232037
    Latitude
    29.9355604

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    FAQs

    What type of property is this?
    Office building - Suburban office building with atrium lobby and amenity package.
    Where is this office building located?
    The property is located at 14950 Heathrow Forest Pkwy Houston, TX.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Premier Class A office building in a desirable suburban location.; Convenient access to IAH airport and major freeways.; Comprehensive on‑site amenities including a fitness center, conference room, and delicatessen.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jenny Seckinger
    Real Estate License ID: TX 594781
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    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.

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