Houston Office, Laboratory, Warehouse
16670-16700 Park Row Drive Houston, TX
16670-16700 Park Row Drive, Houston, TX, 00000
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For Sale
Contact for pricing
Class A office with laboratory and warehouse space for sale.
Property Size42,070 SF
Lot Size3.32 Acres
Price / SF$215.12
Days on Market278
Property Features for 16670-16700 Park Row Drive
General Information
- Standard status
- Active
- Size
- 42,070 SF
- Lot size
- 3.32 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Hunington Properties Inc.
(713) 623-6944
Listed by
Sandy Aron · License #TX 531445
(713) 623-6944
Source
Moodyscre
Added: Oct 14, 2025 Checked: Jul 17 at 6:05 am
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 Hunington Properties Inc.
Investment Insights
Based on property information with market context.
This property features a Class A office space with laboratory and warehouse components. The building is equipped with a wet sprinkler system throughout. A TPO roof replacement was completed in 2010. Located within the Houston MSA's best office sub-market, the property's tenants operate under NNN leases that include annual rental increases. The property has a size of 42070 square feet.
Key Highlights
- Located in the Best Office Sub‑Market in the Houston MSA
- Class “A” Office with Laboratory & Warehouse Space
- Tenants NNN Leases include Annual Rental Increases
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $908.7k | $21.60 |
| − Vacancy | −$254.4k | −$6.05 |
| EGI | $654.3k | $15.55 |
| − OpEx | −$163.6k | −$3.89 |
| NOI | $490.7k | $11.66 |
42,070 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.01M
$6.13M – $8.18M
NOI $490,704 @ 7.0% cap · market cap 5.42%
Second Best
Warehouse
$4.42M
$3.87M – $5.16M
NOI $309,649 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$10.82M
$9.47M – $12.62M
NOI $757,260 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Warehouse - Class A office with laboratory and warehouse space for sale.
Where is this warehouse located?
The property is located at 16670-16700 Park Row Drive Houston, TX.
What is the asking price?
The asking price for this property is $9,050,000.
What are key features of this property?
This property features: Located in the Best Office Sub‑Market in the Houston MSA; Class “A” Office with Laboratory & Warehouse Space; Tenants NNN Leases include Annual Rental Increases
