Freestanding Office Building in
For Sale
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16610 Sea Lark Rd, Houston, TX 77062
Recently renovated office building near Clear Lake Medical Center.
Property Size6,745 SF
Price / SF$222.39
Days on Market751
Property Features for 16610 Sea Lark Rd
General Information
Standard status
Active
Size
6,745 SF
Class
B
Property subtype
Office
Zoning
No Zoning
Building Details
Year Built
1975
Year Renovated
2019
Buildings
1
Stories
1
Listing Agency:
KW Commercial Houston Clear Lake
Listed By:
Chaundra Hugel Broughton, CCIM · License #667270-SA
(917) 743-6241
Source:
Crexi
Added: Oct 3, 2024
Changed: Oct 21
Last Checked: Oct 20 at 5:07PM
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 KW Commercial Houston Clear Lake
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The subject property is a freestanding office building situated on Sea Lark Road in Clear Lake, Texas. Located just off El Camino Real, the property offers convenient access to Bay Area Blvd and I-45. Its location provides proximity to Clear Lake Medical Center, the University of Houston-Clear Lake, and NASA’s Johnson Space Center. The building, with a property size of 6745 square feet, has been recently renovated and is suitable for professional office or medical use. Nearby retailers include Kroger, ALDI, HEB, Spec’s, CVS, Walgreens, and Office Depot.
Key Highlights
- Recently renovated for professional office or medical use.
- Prime location in Clear Lake, Texas, just off El Camino Real.
- Convenient access to Bay Area Blvd and I‑45.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,674
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,480
$1.6M
Cap Rate 7%
$1,123,914
$1.1M
Cap Rate 9%
$874,156
$874.2K
Market Conditions
NOI Build-Up for 6,745 SF
Gross rent
$145.7K $21.60/SF
− Vacancy
−$40.8K −$6.05/SF
EGI
$104.9K $15.55/SF
− OpEx
−$26.2K −$3.89/SF
NOI
$78.7K $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%
$1,573,480
Cap Rate 7%
$1,123,914
Cap Rate 9%
$874,156
Alternative Uses
Best Use
Office B
$1.12M
$983.4K – $1.31M
NOI $78,674 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,410 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,971
Businesses Nearby
Explore this area
Business Placement
Demographics for 77062, TX
25,095
Population
10,150
Households
2.5
Avg Household Size
41
Median Age
53%
College-Educated
93%
High-School Grad
5.8 sq mi
ZIP Area
4,327
Density / Sq Mi
$105,824
Median Household Income
$59,776
Median Earnings
$1,376
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office building - Recently renovated office building near Clear Lake Medical Center.
Where is this office building located?
The property is located at 16610 Sea Lark Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Recently renovated for professional office or medical use.; Prime location in Clear Lake, Texas, just off El Camino Real.; Convenient access to Bay Area Blvd and I‑45.
