Vacant Office
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For Sale
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225 Benmar Drive, Houston, TX 77060
Commercial building near the I-45 and Beltway 8 interchange with prior daycare use and access to North Houston employment areas.
Property Size5,420 SF
Price / SF$260.15
Days on Market7
Property Features for 225 Benmar Drive
General Information
Standard status
Active
Size
5,420 SF
Property subtype
Office, Special Purpose
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Buildings
1
Building Size
5,420 SF
Listing Agency:
Partners
Listed By:
Peyton Nichols · License #810672
Source:
Crexi
Added: Sep 1
Changed: Sep 5
Last Checked: Sep 6 at 4:55PM
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 Partners
Investment Insights
Based on property information with market context.
This 5,420-square-foot office building in Houston was constructed in 1989 and is currently vacant. The property previously operated as a daycare center, providing a documented foundation for childcare, educational, medical, or community-oriented occupancy. Its commercial building format supports a range of office and specialty-use requirements.
The property is positioned near the I-45 and Beltway 8 interchange, with George Bush Intercontinental Airport located within a few miles. It is situated in the Greenspoint/North Belt submarket of North Houston, an area described as serving both commuter and resident demand. The location also places the building within a market that has expanded beyond traditional office activity to include industrial, distribution, manufacturing, and logistics uses.
The property is positioned near the I-45 and Beltway 8 interchange, with George Bush Intercontinental Airport located within a few miles. It is situated in the Greenspoint/North Belt submarket of North Houston, an area described as serving both commuter and resident demand. The location also places the building within a market that has expanded beyond traditional office activity to include industrial, distribution, manufacturing, and logistics uses.
Key Highlights
- 5,420‑square‑foot commercial building
- Constructed in 1989
- Currently vacant and available for occupancy
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
$63,219
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
4.48%
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%
$1,264,380
$1.3M
Cap Rate 7%
$903,129
$903.1K
Cap Rate 9%
$702,433
$702.4K
Market Conditions
NOI Build-Up for 5,420 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
$117.1K $21.60/SF
− Vacancy
−$32.8K −$6.05/SF
EGI
$84.3K $15.55/SF
− OpEx
−$21.1K −$3.89/SF
NOI
$63.2K $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%
$1,264,380
Cap Rate 7%
$903,129
Cap Rate 9%
$702,433
Alternative Uses
Best Use
Office B
$903.1K
$790.2K – $1.05M
NOI $63,219 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,560 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 77060, TX
42,707
Population
16,660
Households
2.6
Avg Household Size
29
Median Age
7%
College-Educated
55%
High-School Grad
8.1 sq mi
ZIP Area
5,272
Density / Sq Mi
$37,843
Median Household Income
$26,278
Median Earnings
$1,024
Median Rent
$144,900
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 - Commercial building near the I-45 and Beltway 8 interchange with prior daycare use and access to North Houston employment areas.
Where is this office building located?
The property is located at 225 Benmar Drive Houston, TX.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: 5,420‑square‑foot commercial building; Constructed in 1989; Currently vacant and available for occupancy
