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    2900 Wilcrest Dr Houston, TX 77042

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    For Lease
    $15 SF/Yr

    Class B Office Space, Westchase District

    Lot size:
    124,954 SF

    Property Features for 2900 Wilcrest Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    124,954 SF
    Total Rate
    156192.5

    Spaces For Lease

    at 2900 Wilcrest Dr, Houston, TX 77042 Contact us
    Unit Suite 300

    $15 /Mo

    Size
    29,967 SF
    Contact us
    Unit Suite 110 and 125

    $15 /Mo

    Size
    5,523 SF
    Contact us
    Unit Suite 130

    $15 /Mo

    Size
    526 SF
    Contact us
    Unit Suite 167

    $15 /Mo

    Size
    864 SF
    Contact us
    Unit Suite 229, Suite 230 and Suite 250

    $15 /Mo

    Size
    7,000 SF
    Contact us
    Unit Suite 455

    $15 /Mo

    Size
    2,260 SF
    Contact us
    Unit Suite 460

    $15 /Mo

    Size
    6,280 SF
    Contact us
    Unit Suite 420

    $15 /Mo

    Size
    2,886 SF
    Contact us
    Unit Suite 400

    $15 /Mo

    Size
    8,520 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Ayman Nasser

    Listing Agency: Z Group Real Estate Listing Agent: Ayman Nasser

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Class B multi-tenant office building, located at 2900 Wilcrest Drive in the desirable Westchase District of Harris County, offers 124,954 square feet of prime office space. The building boasts a convenient location between Westheimer and Richmond, with easy access to Beltway 8. Nine spaces are currently available, ranging in size from 526 to 29,967 square feet, catering to a variety of business needs. Recent improvements include a complete lobby renovation in 2016, enhancing the professional atmosphere. Tenants enjoy a range of amenities, including secure card key access after hours, on-site management and security personnel, and ample free covered parking with a generous 3.80 spaces per 1,000 square feet ratio. Additional conveniences include a mail room with FedEx drop-off and daily pickup, a vending area, and the proximity to numerous hotels and restaurants within a one-mile radius. This property presents a fantastic opportunity for businesses seeking a well-maintained, amenity-rich office space in a thriving Westchase submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EnerGenie Electric Utility Company Kent & Kent Inc Architect Nettie Ramsay Wellness ... Wellness Program Vacation Packages Online Travel Agency MTZ Law Group Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -95.571790826309
    Latitude
    29.73265452249

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    FAQs

    What type of property is this?
    Office Property / Space - Class B Office Space, Westchase District
    Where is this office property / space located?
    The property is located at 2900 Wilcrest Dr Houston, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class B, multi-tenant office building totaling 124,954 square feet.; Located in the Westchase submarket of Harris County, minutes from Beltway 8.; Nine suites available, ranging from 526 to 29,967 square feet.
    Request Owner's contact information
    2900 Wilcrest Dr Houston, TX 77042
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    Houston, TX 77042
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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
    2900 Wilcrest Dr Houston, TX 77042
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    Listing Contact
    Ayman Nasser
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