Class B Office
For Sale
Contact for pricing
3600 South Gessner Drive, Houston, TX 77063
Office property with controlled access, security cameras, and a tenant conference room.
Property Size65,826 SF
Days on Market143
Property Features for 3600 South Gessner Drive
General Information
Standard status
Active
Size
65,826 SF
Class
B
Property subtype
Office
Lease Term
Gross; Full Service
Additional Details
Highway Access
Yes
Amenities
Tenant conference room
Security Cameras
Card-key access
Building Details
Building Size
65,826 SF
Year Built
1979
Buildings
1
Properties For Sale
at 3600 South Gessner Drive Contact us200
Size
4,416 SF
Type
Medical
Term
Negotiable
245
Size
1,075 SF
Type
Office Building
Term
Negotiable
250
Size
4,180 SF
Type
Office Building
Term
Negotiable
Listed By:
Terri Torregrossa
(713) 773-5530
Source:
Moodyrambin
Added: Jun 2
Changed: Oct 9
Last Checked: Oct 20 at 5:05PM
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 Terri Torregrossa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Class B office building was constructed in 1979 and includes a tenant conference room, security cameras, and card-key access. Reserved parking is available for occupants.
The property is located in Houston’s Westchase District, with access to Westpark and the Sam Houston Tollway. Ownership is private.
The property is located in Houston’s Westchase District, with access to Westpark and the Sam Houston Tollway. Ownership is private.
Key Highlights
- Class B office building constructed in 1979
- Located in the Westchase District
- Tenant conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$767,794
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,355,880
$15.4M
Cap Rate 7%
$10,968,486
$11.0M
Cap Rate 9%
$8,531,044
$8.5M
Market Conditions
NOI Build-Up for 65,826 SF
Gross rent
$1.42M $21.60/SF
− Vacancy
−$398.1K −$6.05/SF
EGI
$1.02M $15.55/SF
− OpEx
−$255.9K −$3.89/SF
NOI
$767.8K $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%
$15,355,880
Cap Rate 7%
$10,968,486
Cap Rate 9%
$8,531,044
Alternative Uses
Best Use
Office B
$10.97M
$9.60M – $12.80M
NOI $767,794 @ 7.0% cap · market cap 4,798,712.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.93M
$14.81M – $19.75M
NOI $1,184,868 @ 7.0% cap · market cap 7,405,425.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office building - Office property with controlled access, security cameras, and a tenant conference room.
Where is this office building located?
The property is located at 3600 South Gessner Drive Houston, TX.
What are key features of this property?
This property features: Class B office building constructed in 1979; Located in the Westchase District; Tenant conference room
