Four-Story Office
1535 West Loop South, Houston, TX 77027
For Sale
New
Contact for pricing
Updated lobby and elevator finishes complement covered reserved parking and available pylon signage.
Property Size65,276 SF
Days on Market2
Property Features for 1535 West Loop South
General Information
Standard status
Size
Class
Elevators
Property subtype
Lease Term
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Property Use
Amenities
pylon signage
Building Details
Building Size
Buildings
Stories
Properties For Sale
at 1535 West Loop South
110
Size
5,000 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Moody Rambin
Listed By:
Brent Fredricks · License TX #350464
(713) 823-1200
Source:
Moodyrambin
Added: Nov 12
Last Checked: Nov 12 at 2:12PM
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 Moody Rambin
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Investment Insights
Based on property information with market context.
The four-story office building features a refreshed first-floor lobby and elevators with contemporary finishes. Covered reserved parking and pylon signage are also available to office occupants.
The property is on IH-610 between San Felipe and Post Oak Boulevard, with access from the freeway feeder and Post Oak Park Drive. Its location places it within Houston’s Galleria/Uptown submarket.
The property is on IH-610 between San Felipe and Post Oak Boulevard, with access from the freeway feeder and Post Oak Park Drive. Its location places it within Houston’s Galleria/Uptown submarket.
Key Highlights
- Four‑story office building
- First‑floor lobby and elevators have updated contemporary finishes
- Covered reserved parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$761,379
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,227,580
$15.2M
Cap Rate 7%
$10,876,843
$10.9M
Cap Rate 9%
$8,459,767
$8.5M
Market Conditions
NOI Build-Up for 65,276 SF
Gross rent
$1.41M $21.60/SF
− Vacancy
−$394.8K −$6.05/SF
EGI
$1.02M $15.55/SF
− OpEx
−$253.8K −$3.89/SF
NOI
$761.4K $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 Rate 5%
$15,227,580
Cap Rate 7%
$10,876,843
Cap Rate 9%
$8,459,767
Alternative Uses
Best Use
Office B
$10.88M
$9.52M – $12.69M
NOI $761,379 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.79M
$14.69M – $19.58M
NOI $1,174,968 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,793
Businesses Nearby
Explore this area
Business Placement
Demographics for 77027, TX
18,987
Population
13,286
Households
1.4
Avg Household Size
37
Median Age
74%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
7,032
Density / Sq Mi
$102,861
Median Household Income
$77,999
Median Earnings
$1,840
Median Rent
$881,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office Units in Houston
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office unit - Updated lobby and elevator finishes complement covered reserved parking and available pylon signage.
Where is this office unit located?
The property is located at 1535 West Loop South Houston, TX.
What are key features of this property?
This property features: Four‑story office building; First‑floor lobby and elevators have updated contemporary finishes; Covered reserved parking available
