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    14405 Walters Rd Houston, TX 77014

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    For Lease
    Contact for pricing

    Quality, affordable office space with ample parking and convenient location.

    Type:Office
    Added:
    Apr 24, 2020
    Days on Market:
    2190
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 14405 Walters Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 14405 Walters Rd Contact us

    Suite 950 $12 /Mo

    Size
    2,930 SF
    Type
    Office
    Reception Area, 7 Window Offices, Large Bullpen, Open Area, Kitchen, Break Area,...
    show more
    Contact us

    Suite 110 $12 /Mo

    Size
    1,564 SF
    Type
    Office
    Reception, bullpen, interior office
    Contact us

    Suite 400 $13 /Mo

    Size
    15,067 SF
    Type
    Office
    Reception Area, 3 Window Offices, 10 Interior Offices, 1 Conference Room, Large Open...
    show more
    Contact us

    Suite 609 $16 /Mo

    Size
    180 SF
    Type
    Office
    Interior Office w/ Shared Reception and Shared Waiting Area
    Contact us

    Suite 1022 $13 /Mo

    Size
    377 SF
    Type
    Office
    Reception w/ sidelight, & 1 window office
    Contact us

    Suite 600E $13 /Mo

    Size
    283 SF
    Type
    Office
    1 Interior, 1 Entrance
    Contact us

    Suite 602 $16 /Mo

    Size
    285 SF
    Type
    Office
    Interior Office w/ Shared Reception and Shared Waiting Area
    Contact us

    Suite 1005 $14 /Mo

    Size
    524 SF
    Type
    Office
    Reception, 1 Window Offices, Work Area
    Contact us

    Suite 200 $12 /Mo

    Size
    6,965 SF
    Type
    Office
    Full Floor. Reception Area, 8 Window Offices, 18 Interior Offices, Large Open Area,...
    show more
    Contact us

    Suite 600A $13 /Mo

    Size
    481 SF
    Type
    Office
    Waiting Room, Break room, 1 Interior office, 1 Entrance
    Contact us

    Suite 275 $13 /Mo

    Size
    4,706 SF
    Type
    Office
    Reception Area, 2 Window Offices, 6 Interior Offices, 1 Conference Room, Open Area,...
    show more
    Contact us

    Suite 500 $14 /Mo

    Size
    14,381 SF
    Type
    Office
    3 Window Offices, 8 Interior Offices, 1 Conference Room, File Or Storage Area, 2...
    show more
    Contact us

    Suite 603 $15 /Mo

    Size
    215 SF
    Type
    Office
    Interior Office w/ Shared Reception with Shared Waiting Area
    Contact us

    Suite 650 $13 /Mo

    Size
    2,827 SF
    Type
    Office
    4 Window Offices, 3 Interior Offices, 1 Conference Room, Open Area, Kitchen, Break...
    show more
    Contact us

    Suite 802 $13 /Mo

    Size
    295 SF
    Type
    Office
    Interior Office
    Contact us

    Suite 1006 $13 /Mo

    Size
    1,287 SF
    Type
    Office
    Reception, 1 window Office, Small Bullpen, and Work Area
    Contact us

    Suite 700 $13 /Mo

    Size
    7,660 SF
    Type
    Office
    11 Window office, 5 Interior office, 2 Store room, Waiting room, Reception area,...
    show more
    Contact us

    Suite 949 $13 /Mo

    Size
    640 SF
    Type
    Office
    1 Window Office
    Contact us

    Suite 612 $16 /Mo

    Size
    275 SF
    Type
    Office
    Interior Office w/ Shared Reception and Shared Waiting Area
    Contact us

    Suite 100 $13 /Mo

    Size
    2,135 SF
    Type
    Office
    Waiting Room, Reception, 2 Window Offices, 2 Interior Offices, Sink, Restroom, Work...
    show more
    Contact us

    Suite 120 $12 /Mo

    Size
    3,106 SF
    Type
    Office
    Feature Lobby Visibility Reception with double doors, 1 window office, 7 interior...
    show more
    Contact us

    Suite 946 $13 /Mo

    Size
    285 SF
    Type
    Office
    1 Interior Office
    Contact us

    Suite 855 $13 /Mo

    Size
    517 SF
    Type
    Office
    Reception, 1 Window Office, Work Area
    Contact us

    Suite 875 $12 /Mo

    Size
    3,216 SF
    Type
    Office
    Reception, 2 Window Offices, 1 Interior Office, Work Area
    Contact us

    Suite 300 $13 /Mo

    Size
    14,834 SF
    Type
    Office
    Reception, 2 Window Offices, 1 Interior Office
    Contact us

    Suite 825 $13 /Mo

    Size
    2,124 SF
    Type
    Office
    Reception w/ Double Glass Doors, 3 Window Offices, 1 Interior Office, Work Area &...
    show more
    Contact us

    Suite 850 $13 /Mo

    Size
    545 SF
    Type
    Office
    Reception, 1 Window Office, Work Area
    Contact us

    Suite 740 $13 /Mo

    Size
    2,032 SF
    Type
    Office
    1 Window Office, 1 Interior Office & Bullpen
    Contact us

    Suite 840 $14 /Mo

    Size
    545 SF
    Type
    Office
    Reception, 1 Window Office & Work Area
    Contact us

    Suite 140 $13 /Mo

    Size
    2,675 SF
    Type
    Office
    Reception Area, 3 Interior Offices, 1 Bullpen, Open Area, Kitchen, Sink, Work Area,...
    show more
    Contact us

    Suite 1025 $13 /Mo

    Size
    1,417 SF
    Type
    Office
    Reception w/ Glass Door, 2 Window Offices, 2 Interior Offices, Conference Room w/...
    show more
    Contact us

    Suite 900 $13 /Mo

    Size
    5,631 SF
    Type
    Office
    Reception Area, 13 Window Offices, 11 Interior Offices, 1 Conference Room
    Contact us

    Suite 1020 $13 /Mo

    Size
    520 SF
    Type
    Office
    Reception Area, 1 Window Office, Work Area
    Contact us

    Suite 940 $14 /Mo

    Size
    207 SF
    Type
    Office
    Interior office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Trey Miller

    Listing agent Trey Miller License #TX

    Listing office Boxer Property

    Listing date Apr 24, 2020

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Boxer Property

    Overview

    Professional Office Space Available

    The Northwest Commerce Building, located at 14405 Walters Rd, Houston, TX 77014, offers a professional office environment. The property features recently upgraded common areas and a landscaped exterior. Quality, affordable office spaces are available, complemented by ample garage parking. On-site property maintenance, management, and leasing services are provided. Additional amenities include FedEx and mail drop boxes, an upscale renovated tenant center, an on-site deli, and an upgraded outdoor patio area. The building is conveniently located on FM 1960, just off of I-45 and Hwy 249, providing proximity to Methodist Willowbrook Hospital, Bush Intercontinental Airport, and Willowbrook Mall.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reverse Mortgage Solutions Loan Service KAY Psychiatric Center ... Physician Allstate Personal Financial ... Financial Advisor Houston Website Hosting Marketing & Advertising Effective Integrations, LLC Business Management Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.484385
    Latitude
    29.992583

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    FAQs

    What type of property is this?
    Office building - Quality, affordable office space with ample parking and convenient location.
    Where is this office building located?
    The property is located at 14405 Walters Rd Houston, TX.
    What are key features of this property?
    This property features: Recently upgraded common areas and beautifully landscaped exterior.; Quality, affordable office space.; Ample garage parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Trey Miller
    Real Estate License ID: TX
    Learn More
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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
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