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    10300 Westoffice Dr Houston, TX 77042

    Sponsored
    For Lease
    Contact for pricing

    1,575 SF Medical Office Space Available

    Lot size:
    1,575 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 1,575-square-foot medical office suite is ideally situated in the vibrant Westchase business district of Harris County. The space is immediately available and offers a single, contiguous unit perfect for a variety of medical practices. Its prime location provides unparalleled accessibility, with easy access to major thoroughfares including Beltway 8, US-59, and the Westpark Tollway. This ensures convenient commutes for both patients and staff. The property benefits from its proximity to Memorial Hermann Southwest Hospital, a wide array of restaurants and banking institutions, and is just minutes away from the Galleria and the heart of the downtown business district. Public transportation is readily available via a nearby METRO bus line, and the building features a multi-level parking garage complete with covered walkways, offering convenient and protected parking for all occupants and visitors. The property is classified as Retail, Office, with a subtype of Medical Office, Restaurant, and Retail, and is currently configured for multiple tenants. The space is ready for immediate occupancy. This is a rare opportunity to secure a well-located, move-in ready medical office space in a thriving commercial area.

    Property Features for 10300 Westoffice Dr

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,575 SF

    Unit(s) available at that property

    Space
    Suite 105
    Size
    1,575 SF

    We can help!

    Listing Contact
    John Nguyen
    John Nguyen

    Learn more

    Property Insight Report

    HighLights

    • 1,575 SF of vacant medical office space available for lease.
    • Located in the Westchase District with excellent access to major freeways (Beltway 8, US‑59, Westpark Tollway).
    • Close proximity to Memorial Hermann Southwest Hospital, restaurants, banks, the Galleria, and downtown Houston.
    • Conveniently situated near public transportation (METRO bus line) and offers a multi‑level parking garage with covered walkways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Better Planning Life Insurance Agency Vinh PX Ngo ... Real Estate Agent Raj Shetru's Smart ... Insurance Broker Sparkregroup Real Estate Consultant Digi Solution Apex Marketing Agency

    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
    -95.5495561
    Latitude
    29.7211209

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    FAQs

    What type of property is this?
    Restaurant - 1,575 SF Medical Office Space Available
    Where is this restaurant located?
    The property is located at 10300 Westoffice Dr Houston, TX.
    What are key features of this property?
    This property features: 1,575 SF of vacant medical office space available for lease.; Located in the Westchase District with excellent access to major freeways (Beltway 8, US-59, Westpark Tollway).; Close proximity to Memorial Hermann Southwest Hospital, restaurants, banks, the Galleria, and downtown Houston.
    Request Owner's contact information
    10300 Westoffice 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
    10300 Westoffice Dr Houston, TX 77042
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    We can help!
    Listing Contact
    John Nguyen
    John Nguyen
    Real Estate License ID: TX 511634
    Learn more
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