This exceptional 10-story, Class B office building at 2401 Fountain View Drive offers 178,495 square feet of versatile space, perfect for businesses of all sizes. Currently, 89,873 square feet are available, with spaces ranging from 504 to 13,867 contiguous square feet. Built in 1981 and extensively renovated in 2017, the property boasts a newly renovated lobby and common areas, a state-of-the-art conferencing facility, and a convenient self-serve deli. A five-story, secure parking garage with direct building access provides a 3:1000 parking ratio. Enjoy 24/7 controlled access, a coffee bar, a mailroom with mail drop boxes, on-site leasing, maintenance, and management. Additional amenities include a lounge space, a collaborative workspace with a private conference room and free Wi-Fi, outside seating, and marquee signage. The building's convenient location near the Galleria area, one block north of Westheimer Road, offers easy access to numerous high-end restaurants including Pappas Bros. Steakhouse, El Tiempo, Molinas, Beck's Prime, Katz's Deli, and Carrabba's. Its proximity to the Tanglewood neighborhood and adjacent high-end residential options provides a desirable work-live balance. The building is internet-ready and features a loading dock and vending machines. This is a truly exceptional opportunity for businesses seeking a modern, well-maintained, and conveniently located office space in Houston.
Property Features for 2401 Fountain View Dr
General Information
Property type
Coworking space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
178,495 SF
Class
B
Total Rate
298384.14
Building Details
Year Built/Renovated
1981/2017
Stories
10
Unit(s) available at that property
Space
Suite 312
Size
761 SF
Rate per SF
$22
Space
Suite 622
Size
1,064 SF
Rate per SF
$21
Space
Suite 315
Size
1,511 SF
Rate per SF
$23
Space
Suite 510.WS
Size
5,541 SF
Rate per SF
$24
Space
Suite 546
Size
479 SF
Rate per SF
$28
Space
Suite 548
Size
418 SF
Rate per SF
$28
Space
Suite 552
Size
452 SF
Rate per SF
$28
Space
Suite 220
Size
3,829 SF
Rate per SF
$21
Space
Suite 300
Size
7,796 SF
Rate per SF
$20
Space
Suite 316
Size
1,045 SF
Rate per SF
$22
Space
Suite 350
Size
4,339 SF
Rate per SF
$21
Space
Suite 610
Size
4,447 SF
Rate per SF
$21
Space
Suite 630
Size
3,978 SF
Rate per SF
$22
Space
Suite 818
Size
1,895 SF
Rate per SF
$22
Space
Suite 531
Size
151 SF
Rate per SF
$23
Space
Suite 534
Size
276 SF
Rate per SF
$25
Space
Suite 545
Size
120 SF
Rate per SF
$28
Space
Suite 550
Size
631 SF
Rate per SF
$20
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Listing Contact
Trey Miller
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Property Insight Report
HighLights
178,495 square foot Class B office building with 89,873 square feet currently vacant, offering spaces from 504 to 13,867 contiguous square feet.
Building features a renovated lobby and common areas, a new conferencing facility, and a self‑serve deli.
Ten‑story building constructed in 1981, renovated in 2017, includes a five‑story secured parking garage with direct building access (3 spaces per 1000 square feet), elevators, and 24/7 controlled access.
Prime location near the Galleria area, one block north of Westheimer Road, with nearby high‑end residential and popular restaurants.
DNM ContractingGeneral ContractorPatent Law Practice ...Legal ServicesDJP JewelersJewelry StoreDOW HealthcareMedical CenterStreit Petersen Hall ...Attorney
Coworking space - Prime Houston Office: 18 Suites Available
Where is this coworking space located?
The property is located at 2401 Fountain View Dr Houston, TX.
What is the lease rate?
The lease rate is $20-$28 SF/Yr.
What are key features of this property?
This property features: 178,495 square foot Class B office building with 89,873 square feet currently vacant, offering spaces from 504 to 13,867 contiguous square feet.; Building features a renovated lobby and common areas, a new conferencing facility, and a self-serve deli.; Ten-story building constructed in 1981, renovated in 2017, includes a five-story secured parking garage with direct building access (3 spaces per 1000 square feet), elevators, and 24/7 controlled access.
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2401 Fountain View Dr Houston, TX 77057
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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
2401 Fountain View Dr Houston, TX 77057
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2401 Fountain View Dr, Houston, TX
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Trey Miller
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2401 Fountain View Dr, Houston, TX
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Listing Contact
Trey Miller
Real Estate License ID: TX
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