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    3955 World Houston Pkwy Houston, TX 77032

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    For Lease
    Contact for pricing

    Prime Houston flex space, multiple suites available.

    Lot size:
    3,075 SF

    Property Features for 3955 World Houston Pkwy

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,075 SF

    Spaces For Lease

    at 3955 World Houston Pkwy, Houston, TX 77032 Contact us

    We can help!

    Listing Contact
    Dayne Wunderlich
    Dayne Wunderlich

    Listing Agency: Insite Realty Listing Agent: Dayne Wunderlich

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

    Learn more

    Overview

    This exceptional Houston office property, located at 3955 World Houston Parkway, offers a variety of flexible spaces to suit diverse business needs. The property features two available suites within a multi-tenant building in Harris County, Texas, zip code 77032. Suite 170 boasts 7,736 square feet of 100% office space with convenient rear (grade level) loading. This suite also benefits from a generous 16-foot clear ceiling height. Alternatively, Suite 100 provides a total of 3,075 square feet, combining 2,315 square feet of office space with 760 square feet of HVAC-equipped warehouse space. This end-cap unit also offers rear loading via one grade-level door. Both suites are ideal for businesses requiring efficient layouts and convenient access. The property provides a generous 5:1,000 parking ratio, ensuring ample parking for tenants and their clients. A total of 10,811 square feet is currently vacant across both suites. The property is classified as both flex and traditional office space, offering adaptability for various business models. The building's 16-foot clear height adds to its functionality and appeal. This location presents a compelling opportunity for businesses seeking high-quality office space in a prime Houston location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kaeser Compressors, Inc. Production Facility Anton Paar USA ... Production Facility Mustang Sampling Oil & Natural Gas Company Flexforce Employment Professionals, ... Employment Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Building Supply Gym & Fitness Center Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3270069
    Latitude
    29.9453744

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    FAQs

    What type of property is this?
    Flex space - Prime Houston flex space, multiple suites available.
    Where is this flex space located?
    The property is located at 3955 World Houston Pkwy Houston, TX.
    What are key features of this property?
    This property features: Class A tilt-wall office building in a master-planned North Houston industrial park near Bush Intercontinental Airport (IAH).; Two available suites totaling 10,811 square feet of vacant space.; Suite 170: 7,736 SF of 100% office space with 16' clear height and rear grade-level loading.
    Request Owner's contact information
    3955 World Houston Pkwy Houston, TX 77032
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    Houston, TX 77032
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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
    3955 World Houston Pkwy Houston, TX 77032
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    Listing Contact
    Dayne Wunderlich
    Dayne Wunderlich
    Real Estate License ID: 699317
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