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    5110 Griggs Rd Houston, TX 77021

    Sponsored
    For Lease
    $15 SF/Yr

    Houston, TX Office Space Available

    Lot size:
    276,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Village at Palm Center, a Class A office complex in Houston, Texas, offers a variety of traditional and creative office spaces. This 276,000 square foot property, built in 2016, features eleven buildings with four stories each and boasts 222 suites. Units range from a minimum of 2,657 square feet to a maximum contiguous space of 5,952 square feet, with 13,525 square feet currently vacant. The property sits on a 4.89-acre lot (375,897 square feet) and includes ample open parking. Building amenities include 20-foot ceilings, elevators, and readily available power. Located at 5110 Griggs Rd, Houston, TX 77021, near Martin Luther King Blvd, this property offers a prime location in Harris County. Property taxes are $21 per square foot. The building's load factor is 1. The zoning is not available. The APN is 1394520000001.

    Property Features for 5110 Griggs Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    276,000 SF
    Class
    A
    Total Rate
    345000

    Building Details

    Year Built
    2016
    Buildings
    11
    Stories
    4

    Unit(s) available at that property

    Space
    Space 1
    Size
    5,952 SF
    Rate per SF
    $18
    Space
    Space 2
    Size
    4,391 SF
    Rate per SF
    $19
    Space
    Space 3
    Size
    5,134 SF
    Rate per SF
    $18

    HighLights

    • Excellent visibility and foot traffic, adjacent to the new YMCA.
    • High visibility and convenient location directly across from the new public library.
    • Strong existing tenant base above.
    Property Profile Location Intelligence

    Current Use by Public Records

    Chop TV Radio Broadcaster J Designer Eyewear Optician University of Houston University overheaddoorhouston General Contractor Village at Palm Center Apartment Complex

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -95.337060729579
    Latitude
    29.696820270134

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    FAQs

    What type of property is this?
    Office space - Houston, TX Office Space Available
    Where is this office space located?
    The property is located at 5110 Griggs Rd Houston, TX.
    What is the lease rate?
    The lease rate is $18-$19 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility and foot traffic, adjacent to the new YMCA.; High visibility and convenient location directly across from the new public library.; Strong existing tenant base above.
    Request Owner's contact information
    5110 Griggs Rd Houston, TX 77021
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    Realmo Value Estimation

    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.

    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.

    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
    5110 Griggs Rd Houston, TX 77021
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