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    19500 Tx-249 Houston, TX 77070

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    For Lease
    Contact for pricing

    Houston Office Space For Lease

    Lot size:
    156,000 SF

    Property Features for 19500 Tx-249

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    156,000 SF
    Class
    A
    Total Rate
    227500

    Building Details

    Stories
    6

    Spaces For Lease

    at 19500 Tx-249, Houston, TX 77070 Contact us
    Unit Suite 160

    $17 /Mo

    Size
    1,421 SF
    Contact us
    Unit Suite #138

    $17 /Mo

    Size
    1,829 SF
    Contact us
    Unit Suite 235

    $17 /Mo

    Size
    1,906 SF
    Contact us
    Unit Suite 690

    $17 /Mo

    Size
    1,567 SF
    Contact us
    Unit Suite 215

    $17 /Mo

    Size
    1,300 SF
    Contact us
    Unit Suite 680

    $17 /Mo

    Size
    2,264 SF
    Contact us
    Unit Suite 575

    $17 /Mo

    Size
    1,489 SF
    Contact us
    Unit Suite 500

    $17 /Mo

    Size
    2,447 SF
    Contact us
    Unit Suite 395

    $17 /Mo

    Size
    1,373 SF
    Contact us
    Unit Suite 285

    $17 /Mo

    Size
    1,260 SF
    Contact us
    Unit Suite 485

    $17 /Mo

    Size
    4,528 SF
    Contact us
    Unit Suite 210

    $17 /Mo

    Size
    1,335 SF
    Contact us
    Unit Suite 620

    $17 /Mo

    Size
    3,342 SF
    Contact us
    Unit Suite 370

    $17 /Mo

    Size
    2,253 SF
    Contact us
    Unit Suite 325

    $17 /Mo

    Size
    3,569 SF
    Contact us
    Unit Suite 240

    $17 /Mo

    Size
    687 SF
    Contact us
    Unit Suite 480

    $17 /Mo

    Size
    2,919 SF
    Contact us
    Unit Suite 268

    $17 /Mo

    Size
    416 SF
    Contact us
    Unit Suite 390

    $17 /Mo

    Size
    700 SF
    Contact us
    Unit Suite 385

    $17 /Mo

    Size
    725 SF
    Contact us
    Unit Suite 100

    $17 /Mo

    Size
    2,779 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Brenda Pennington
    Brenda Pennington

    Listing Agency: Brenda Pennington Commercial Real Estate Listing Agent: Brenda Pennington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Chasewood Crossing One, a Class A, six-story executive office building in Houston, Texas, offers a prime opportunity for businesses seeking flexible and modern workspace. Located at 19500 TX-249, zip code 77070, in Harris County, this property boasts a total of 156,000 square feet, with 43,161 square feet currently available for lease. The building features multiple tenancy options, accommodating businesses of various sizes. Spaces range from a minimum of 416 square feet to a maximum contiguous space of 5,305 square feet, providing flexibility for diverse needs. With ample parking, offering a ratio of 3.5 spaces per 1,000 square feet, convenient access is ensured for employees and clients. The building sits on a 156,000 square foot lot, providing a substantial footprint in a thriving Houston business district. This exceptional location offers easy access to major transportation routes, making commuting and client visits seamless. The property's modern design and amenities cater to the demands of today's businesses, creating a productive and comfortable work environment. Contact us today to explore leasing options and secure your ideal space within this prestigious Houston office building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5641071
    Latitude
    29.9791397

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    FAQs

    What type of property is this?
    Office property - Houston Office Space For Lease
    Where is this office property located?
    The property is located at 19500 Tx-249 Houston, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Base rent: $17.50/SF, NNN, with 5% annual increases.; Operating expenses: Estimated at $12.69/SF.; Suite sizes: 416 SF to 9,004 SF contiguous available.
    (713) 621-5050 Call to check price and availability
    Request Owner's contact information
    19500 Tx-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
    19500 Tx-249 Houston, TX 77070
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brenda Pennington
    Brenda Pennington
    Real Estate License ID: 341099
    (713) 621-5050 (281) 450-5700
    Learn more
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