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    19875 Fwy Booth, TX 77469

    Sponsored
    For Lease
    $28 SF/Yr

    Prime Medical/Creative Office Suites in Booth, TX

    Lot size:
    34,944 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional two-story, Class B commercial property, built in 2009, offers 34,944 square feet of versatile space in the thriving Greatwood submarket of Booth, Texas. Located at 19875 Southwest Fwy, 77469, with convenient access to Greatwood Parkway, this single-building complex boasts 15 suites, with 11,007 square feet currently vacant, divisible into units as small as 1,525 square feet and up to 5,652 contiguous square feet. The property sits on a substantial 115,133 square foot lot and includes 138 parking spaces, a significant advantage for tenants and their clients. A single hydraulic elevator serves both floors. The property's strategic location benefits from high visibility and traffic counts, with over 125,000 vehicles daily on Southwest Freeway and 35,000 on Grand Parkway (US-99). The surrounding area demonstrates strong demographics, with over 11,000 residents within a one-mile radius, exhibiting a 17%+ growth rate over the past five years and an average household income of approximately $160,000. The property is well-suited for a variety of uses, including medical offices, creative office spaces, gyms, fitness centers, and retail establishments. This presents a unique opportunity to acquire a well-located, adaptable commercial property in a high-growth area. The property type is Retail and Office, with subtypes including Medical Office, Creative Office, Gym, Fitness, and Retail. Multiple tenancies are available.

    Property Features for 19875 Fwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    34,944 SF
    Class
    B
    Total Rate
    81536

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 100
    Size
    1,525 SF
    Space
    Suite 140
    Size
    2,266 SF
    Space
    Suite 205
    Size
    1,500 SF
    Space
    Suite 110
    Size
    4,000 SF
    Rate per SF
    $28

    We can help!

    Listing Contact
    Steven Stone
    Steven Stone

    Learn more

    HighLights

    • Class B, 34,944 SF two‑story building constructed in 2009.
    • Located at 19875 Southwest Fwy, Booth, TX 77469, with excellent access to Greatwood Parkway.
    • 15 suites totaling 34,944 SF, with 11,007 SF currently vacant and divisible.
    • 115,133 SF lot with 138 parking spaces and a hydraulic elevator.
    • High visibility location with strong demographics: >125,000 VPD on Southwest Freeway and >35,000 VPD on Grand Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Booth
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.683501561421
    Latitude
    29.562118052124

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    FAQs

    What type of property is this?
    Office space - Prime Medical/Creative Office Suites in Booth, TX
    Where is this office space located?
    The property is located at 19875 Fwy Booth, TX.
    What is the lease rate?
    The lease rate is $0.00-$28 SF/Yr.
    What are key features of this property?
    This property features: Class B, 34,944 SF two-story building constructed in 2009.; Located at 19875 Southwest Fwy, Booth, TX 77469, with excellent access to Greatwood Parkway.; 15 suites totaling 34,944 SF, with 11,007 SF currently vacant and divisible.
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    19875 Fwy Booth, TX 77469
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    Booth, TX 77469
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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
    19875 Fwy Booth, TX 77469
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    We can help!
    Listing Contact
    Steven Stone
    Steven Stone
    Real Estate License ID: TX 515197
    Learn more
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