West Houston Commercial Building For
For Sale
Contact for pricing
18200 Kingsland Boulevard, Houston, TX 77094
10,000 SF building on 1.4 acres in West Houston.
Property Size10,000 SF
Lot Size1.40 Acres
Price / SF$300
Days on Market114
Property Features for 18200 Kingsland Boulevard
General Information
Standard status
Active
Size
10,000 SF
Lot size
1.40 Acres
Property subtype
Office, Special Purpose
Building Details
Year Built
2005
Buildings
1
Units
39
Listing Agency:
Kurtz Real Estate
Listed By:
Cathy Kurtz · License #364382
Source:
Crexi
Added: May 15
Changed: Sep 2
Last Checked: Sep 4 at 12:01PM
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 Kurtz Real Estate
Investment Insights
Based on property information with market context.
This 10,000 square foot standalone commercial building is situated on an approximately 1.4-acre site. The property features 39 parking spaces and over 100 feet of frontage on Kingsland Boulevard. Constructed with all brick, the building has a new roof installed in 2024, and most of the A/C units have been replaced. The building did not flood during Hurricane Harvey. The property will be vacant at closing, presenting an opportunity for owner-users or redevelopment without lease encumbrances. The flexible commercial zoning permits a broad range of commercial uses, excluding only automotive and industrial operations, allowing significant repositioning potential. The location is within a rapidly growing commercial and residential corridor in the West Houston/Katy area, benefiting from strong surrounding demographics, nearby medical and retail development, and convenient access to major transportation routes. It is ideal for medical office or professional conversion.
Key Highlights
- Vacant at closing: Ideal for owner‑user or redevelopment.
- Flexible commercial zoning permits a broad range of uses, excluding automotive and industrial.
- Prime location in the fast‑growing West Houston/Katy area with strong demographics and excellent access to major transportation.
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
$116,640
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
3.89%
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%
$2,332,800
$2.3M
Cap Rate 7%
$1,666,286
$1.7M
Cap Rate 9%
$1,296,000
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$216.0K $21.60/SF
− Vacancy
−$60.5K −$6.05/SF
EGI
$155.5K $15.55/SF
− OpEx
−$38.9K −$3.89/SF
NOI
$116.6K $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%
$2,332,800
Cap Rate 7%
$1,666,286
Cap Rate 9%
$1,296,000
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,000 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 77094, TX
11,150
Population
4,362
Households
2.6
Avg Household Size
39
Median Age
67%
College-Educated
99%
High-School Grad
3.4 sq mi
ZIP Area
3,279
Density / Sq Mi
$160,350
Median Household Income
$87,835
Median Earnings
$1,690
Median Rent
$469,300
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 building - 10,000 SF building on 1.4 acres in West Houston.
Where is this office building located?
The property is located at 18200 Kingsland Boulevard Houston, TX.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Vacant at closing: Ideal for owner‑user or redevelopment.; Flexible commercial zoning permits a broad range of uses, excluding automotive and industrial.; Prime location in the fast‑growing West Houston/Katy area with strong demographics and excellent access to major transportation.
