Corporate Drive Office
For Sale
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6100 Corporate Drive Suite 3L, Houston, TX 77036
Office unit with 601 SF in Houston, TX
Property Size811 SF
Price / SF$203.45
Days on Market82
Property Features for 6100 Corporate Drive Suite 3L
General Information
Standard status
Active
Size
811 SF
Property subtype
Office
Building Details
Year Built
1981
Stories
1
Units
68
Listing Agency:
WestwoodCPM Real Estate
Listed By:
Jinli Zhao · License #9003319
Source:
Crexi
Added: May 20
Changed: Aug 8
Last Checked: Aug 8 at 7:13AM
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 WestwoodCPM Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate offers an office unit with 601 square feet of space. The property is part of a complex containing 68 units and has a total property size of 811 square feet. It is located on Corporate Drive in Houston, Texas.
Key Highlights
- Office space available, perfect for your business needs.
- Space is 601 SF.
- Located within a building containing 68 units.
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
$9,460
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
5.73%
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%
$189,200
$189.2K
Cap Rate 7%
$135,143
$135.1K
Cap Rate 9%
$105,111
$105.1K
Market Conditions
NOI Build-Up for 811 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
$17.5K $21.60/SF
− Vacancy
−$4.9K −$6.05/SF
EGI
$12.6K $15.55/SF
− OpEx
−$3.2K −$3.89/SF
NOI
$9.5K $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%
$189,200
Cap Rate 7%
$135,143
Cap Rate 9%
$105,111
Alternative Uses
Best Use
Office B
$135.1K
$118.3K – $157.7K
NOI $9,460 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.5K
$182.5K – $243.3K
NOI $14,598 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,588
Businesses Nearby
Explore this area
Business Placement
Demographics for 77036, TX
75,870
Population
30,508
Households
2.5
Avg Household Size
33
Median Age
14%
College-Educated
55%
High-School Grad
7.3 sq mi
ZIP Area
10,393
Density / Sq Mi
$43,853
Median Household Income
$27,812
Median Earnings
$995
Median Rent
$217,400
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 units - Office unit with 601 SF in Houston, TX
Where is this office units located?
The property is located at 6100 Corporate Drive Suite 3L Houston, TX.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Office space available, perfect for your business needs.; Space is 601 SF.; Located within a building containing 68 units.
