Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    3634 Glenn Lakes Ln Missouri City, TX 77459

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    42,375 SF office building in Missouri City, Texas.

    Type:Office
    Property size:
    42,375 SF
    Added:
    Sep 22, 2023
    Days on Market:
    958
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 3634 Glenn Lakes Ln

    General Information

    Standard status
    Active
    Size
    42,375 SF
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 3634 Glenn Lakes Ln Contact us

    Suite 241 $24 /Mo

    Size
    1,436 SF
    Type
    Office
    Contact us

    Suite 170 $24 /Mo

    Size
    1,520 SF
    Type
    Office
    Contact us

    Suite 190 $24 /Mo

    Size
    2,128 SF
    Type
    Office
    Contact us

    Executive 1 $700 /Mo

    Size
    140 SF
    Type
    Office
    One-year lease. All-inclusive, including internet
    Contact us

    Executive 2 $750 /Mo

    Size
    156 SF
    Type
    Office
    One-year lease. All-inclusive, including internet
    Contact us

    Suite 243 $24 /Mo

    Size
    1,490 SF
    Type
    Office
    Contact us

    Suite 160 $24 /Mo

    Size
    3,456 SF
    Type
    Office
    Shell Space
    Contact us

    Suite 130 $24 /Mo

    Size
    1,986 SF
    Type
    Office
    Setup for Physical Therapy Office.
    Contact us

    Suite 103 $25 /Mo

    Size
    956 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Jared Starnes

    Listing agent Jared Starnes License #827721

    Listing office Aspire Commercial

    Listing date Sep 22, 2023

    Source Crexi

    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 Aspire Commercial

    Overview

    Remodeled Office Building For Lease

    The Glenn Lakes Professional Building is a 42,375 square foot office building situated at the intersection of Highway 6 and Glenn Lakes Lane in the Riverstone area of Missouri City, Texas. Its location provides convenient access to numerous amenities, including retail, dining, medical, and fitness facilities, many of which are within walking distance. The property has recently undergone an extensive interior and exterior remodel and redevelopment. Updates include modernized common areas, new elevators, restrooms, HVAC systems, and a new roof.
    Location Intelligence

    Current Use by Public Records

    Kasa Blanca Speech ... Physician Dana Wallace-Rachlen Physician 3634 Glenn Lakes ... Real Estate Agency Advance Physical Therapy ... Medical Clinic Farmers Insurance - Matthew ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Missouri City
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.5611073
    Latitude
    29.5645475

    Nearby Similar for Lease

    • Contact for pricing

      Freestanding Industrial Building Sublease

      Freestanding industrial building with office space available for sublease.
      13830 S Gessner Rd, Missouri City, TX 77489
      View Details
    • Contact for pricing

      Retail Space on Highway 6

      Retail space available in high-traffic Missouri City location.
      5425 HWY 6 SOUTH, Missouri City, TX 77459
      View Details
    • Contact for pricing

      Retail Space on Texas Parkway

      Retail opportunity in Missouri City with high visibility and accessibility.
      1901-1975 Texas Parkway, Missouri City, TX 77489
      View Details
    • $1.99 SF/Yr

      Retail Space in Missouri City

      End cap retail space with drive-thru in Missouri City.
      2031 Fm 1092 Rd, Missouri City, TX
      View Details
    • $2 SF/Yr

      New Office Condo in Sienna

      Office condo in master-planned community with highway access.
      6110 Sienna Ranch Rd, Missouri City, TX
      View Details
    • Contact for pricing

      Highway 6 Commercial Space

      Commercial space available for rent on Highway 6.
      9310 Highway 6, Missouri City, TX 77459
      View Details
    • Contact for pricing

      Highway 6 Commercial Property

      Commercial property available for lease on Highway 6.
      5422 Highway 6, MISSOURI CITY, TX 77459
      View Details
    • Contact for pricing

      Commercial Space Available For Rent

      Commercial property with 1250 square feet available for rent.
      2755 Texas Parkway, Missouri City, TX 77489
      View Details
    • $0.94 SF/Yr

      Northwest Houston Flex Space

      Flex space near Beltway 8 and Highway 249.
      1306 FM 1092, Missouri City, TX
      View Details
    • Contact for pricing

      Restaurant with Drive-Thru and Patio

      Restaurant sublease opportunity with drive-thru and patio seating.
      9310 Hwy 6, Missouri City, TX
      View Details
    • Contact for pricing

      New Office Condo in Sienna

      Office condo in master-planned community with highway access.
      6110 Sienna Ranch Road, Missouri City, TX 77459
      View Details
    • $38 SF/Yr

      Retail Space Near Highway 6

      Retail space with high visibility and accessibility on Highway 6.
      6215 Highway 6, Missouri City, TX
      View Details

    FAQs

    What type of property is this?
    Office building - 42,375 SF office building in Missouri City, Texas.
    Where is this office building located?
    The property is located at 3634 Glenn Lakes Ln Missouri City, TX.
    What are key features of this property?
    This property features: Recently underwent extensive interior and exterior remodel and redevelopment.; Located at the intersection of Highway 6 and Glenn Lakes Lane in the Riverstone area.; Many amenities nearby, many within walking distance.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jared Starnes
    Real Estate License ID: 827721
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3634 Glenn Lakes Ln, Missouri City, TX 77459
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!