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    3900 Essex Ln Houston, TX 77027

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    For Lease
    Contact for pricing

    Prime Houston Office Space Available

    Lot size:
    235,620 SF

    Property Features for 3900 Essex Ln

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    235,620 SF
    Total Rate
    333795

    Building Details

    Year Built
    1982
    Stories
    12

    Spaces For Lease

    at 3900 Essex Ln, Houston, TX 77027 Contact us
    Unit Suite 525

    $17 /Mo

    Size
    581 SF
    Contact us
    Unit Suite 330

    $17 /Mo

    Size
    17,918 SF
    Contact us
    Unit Suite 730

    $17 /Mo

    Size
    1,405 SF
    Contact us
    Unit Suite 350

    $17 /Mo

    Size
    17,918 SF
    Contact us
    Unit Suite 330+345+350+390

    $17 /Mo

    Size
    17,915 SF
    Contact us
    Unit Suite 710

    $17 /Mo

    Size
    6,152 SF
    Contact us
    Unit Suite 345

    $17 /Mo

    Size
    17,918 SF
    Contact us
    Unit Suite 600

    $17 /Mo

    Size
    6,978 SF
    Contact us
    Unit Suite 800

    $17 /Mo

    Size
    11,310 SF
    Contact us
    Unit Suite 1011

    $17 /Mo

    Size
    2,532 SF
    Contact us
    Unit Suite 1100

    $17 /Mo

    Size
    4,226 SF
    Contact us
    Unit Suite 475

    $17 /Mo

    Size
    2,135 SF
    Contact us
    Unit Suite 220

    $17 /Mo

    Size
    6,954 SF
    Contact us
    Unit Suite 390

    $17 /Mo

    Size
    17,918 SF
    Contact us
    Unit Suite 875

    $17 /Mo

    Size
    11,310 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Chris Lewis
    Chris Lewis

    Listing Agency: Lee & Associates Houston Listing Agent: Chris Lewis

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

    Learn more

    Property Insight Report

    Overview

    3900 Essex Lane offers a prestigious executive office opportunity in Houston, Texas. This twelve-story building, constructed in 1982, boasts a total of 235,620 square feet of office space, situated on a 2.3-acre lot in the 77027 zip code. The property is currently multi-tenant, with 15 individual suites available, ranging from a minimum of 581 square feet to a maximum contiguous space of 17,918 square feet. A significant amount of space is currently vacant, totaling 59,824 square feet, presenting a unique opportunity for businesses seeking immediate occupancy. Ample parking is provided, with a ratio of 3.5 spaces per 1,000 square feet of office space. The building's location in Harris County offers convenient access to major transportation routes and amenities. This executive office building is ideal for companies seeking flexible space options, ranging from small executive suites to larger, contiguous areas. The property's size and layout provide a variety of configurations to suit diverse business needs. The substantial vacant space allows for immediate move-in and customization opportunities. Interested parties are encouraged to inquire about available suites and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Banks & Associates Business Management Consultant Geary Porter & Donovan ... Law Firm John H. Krell ... Dental Office Linbeck Group, LLC Construction Company Special Counsel Employment Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4422065
    Latitude
    29.7399529

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    FAQs

    What type of property is this?
    Office property - Prime Houston Office Space Available
    Where is this office property located?
    The property is located at 3900 Essex Ln Houston, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prestigious 12-story office building totaling 235,620 square feet on a 2.3-acre lot in Houston, TX (77027).; Ample parking: 3.5 spaces per 1,000 square feet, with covered garage parking available for $60/month.; 15 suites available, ranging from 581 to 17,918 contiguous square feet; 59,824 square feet currently vacant.
    Request Owner's contact information
    3900 Essex Ln Houston, TX 77027
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    Houston, TX 77027
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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
    3900 Essex Ln Houston, TX 77027
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Lewis
    Chris Lewis
    Real Estate License ID: 523894
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