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    20333 State Highway 249 Houston, TX 77070

    Sponsored
    For Lease
    $93 SF/Yr

    Modern Executive Suites & Coworking in Houston

    Lot size:
    18,198 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This Class A office building, located at 20333 State Highway 249 Suite 200, Houston, TX 77070, offers a diverse range of workspace solutions. Situated in Harris County, this 18,198 square foot building boasts 350 total suites, providing flexibility for businesses of all sizes. Currently, 7,661 square feet of space is available, with minimum divisible units starting at 10 square feet and maximum contiguous space reaching 2,321 square feet. The building caters to various needs, encompassing executive office suites, coworking spaces, and creative office layouts, all within a professional and traditional setting. Renovated in 2019, the property features modern amenities including elevators. The building's location provides convenient access to major transportation routes and local amenities. This is an exceptional opportunity to secure premium office space in a thriving Houston market, offering a blend of collaborative and private work environments. The building's multiple tenancy structure allows for a variety of lease options to suit individual business requirements. Inquire today to explore the possibilities and find the perfect workspace for your team.

    Property Features for 20333 State Highway 249

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,198 SF
    Class
    A
    Total Rate
    141034.5

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Open plan office space for + 15 people
    Size
    1,292 SF
    Space
    Open plan office space for + 10 people
    Size
    1,184 SF
    Rate per SF
    $1,557
    Space
    Private office for 5 people
    Size
    807 SF
    Rate per SF
    $1,113
    Space
    Private office for 4 people
    Size
    646 SF
    Rate per SF
    $821
    Space
    Private office for 3 people
    Size
    646 SF
    Rate per SF
    $613
    Space
    Flexible office membership
    Size
    108 SF
    Rate per SF
    $207
    Space
    Private office for 1 person
    Size
    538 SF
    Space
    Private office for 2 people
    Size
    538 SF
    Rate per SF
    $433
    Space
    Coworking space
    Size
    328 SF
    Rate per SF
    $226
    Space
    Flexible coworking membership
    Size
    108 SF
    Rate per SF
    $93
    Space
    Virtual office
    Size
    54 SF
    Rate per SF
    $93

    HighLights

    • Class A office building totaling 18,198 square feet with 350 suites available at 20333 State Highway 249, Suite 200, Houston, TX 77070.
    • 7,661 square feet of office space currently available, divisible into units as small as 10 square feet, with a maximum contiguous block of 2,321 square feet.
    • Offers a variety of workspace solutions including executive suites, coworking spaces, and creative office layouts.
    • Building features include elevators and was renovated in 2019.
    • Convenient access to major transportation routes and local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    CATEA Enterprises Marketing Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5731232
    Latitude
    29.9880426

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    FAQs

    What type of property is this?
    Office space - Modern Executive Suites & Coworking in Houston
    Where is this office space located?
    The property is located at 20333 State Highway 249 Houston, TX.
    What is the lease rate?
    The lease rate is $0.00-$1,557 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 18,198 square feet with 350 suites available at 20333 State Highway 249, Suite 200, Houston, TX 77070.; 7,661 square feet of office space currently available, divisible into units as small as 10 square feet, with a maximum contiguous block of 2,321 square feet.; Offers a variety of workspace solutions including executive suites, coworking spaces, and creative office layouts.
    Request Owner's contact information
    20333 State Highway 249 Houston, TX 77070
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    Houston, TX 77070
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    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
    20333 State Highway 249 Houston, TX 77070
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