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    Property profile & analytics

    10590 Westoffice Dr Houston, TX 77042-5332

    • Office buildings
    • 27,390 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3973610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Morganti Group, Inc. / Construction Company / General Contractor
    • Chrome Commercial / Commercial Real Estate Agency
    • Dunbar Harder, PLLC / Law Firm
    • Banner Healthcare Services Inc / Health Consultant
    • Mayday Law Office, PLLC / Trial Attorney / Personal Injury Attorney

    Property Details for 10590 Westoffice Dr

    Year built
    1980
    Construction
    BRICK
    Lot size
    1.56 lot acres
    Property size
    27,390 SF
    Property type
    Office buildings
    APN
    1143560050010
    APU
    1143560050010

    Description

    This exceptional two-story, Class B office building, totaling 26,951 square feet, presents a fantastic opportunity in Houston's desirable Westchase District. Constructed in 1980 and renovated in 2016, the property boasts updated common areas and an attractive atrium. Located near the Westpark Tollway, this single building offers convenient access and high visibility. Multiple tenancy options are available, ranging from a minimum of 403 square feet to a maximum contiguous space of 2,574 square feet, with 8,748 square feet currently vacant. The building features an 11-foot ceiling height, elevators, and is situated in Harris County, Texas, with the address 10590 Westoffice Dr, Houston, TX 77042. Plug-and-play options and move-in ready suites are available, making this an ideal location for businesses seeking immediate occupancy. The property's convenient location and modern amenities make it a highly attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $560,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $422,000
      Market price range: $60.5k - $1.54M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5544
    Latitude
    29.7206
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $26,580
    $1,276,181
    $495,551
    $1,771,732
    -
    $1,276,181
    $495,551
    $1,771,732

    Comparable in this City

    • Value Estimation by Request
      192,100 SF

      11200 Westheimer Rd Ste, Unit 630

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 192,100 SF
      11200 Westheimer Rd Ste, Houston, TX 77042-3243
      View Details
    • Value Estimation
      $790,000
      284,000 SF

      3600 Sam Houston S Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 284,000 SF
      3600 Sam Houston S Pkwy, Houston, TX 77042-5096
      View Details
    • Value Estimation
      $420,000
      47,348 SF

      2424 Wilcrest Dr

      OFFICE BUILDING • 47,348 SF
      2424 Wilcrest Dr, Houston, TX 77042-2761
      View Details
    • Value Estimation
      $945,000
      121,940 SF

      2900 Wilcrest Dr, Unit 266

      OFFICE BUILDING • 121,940 SF
      2900 Wilcrest Dr, Houston, TX 77042-6032
      View Details
    • Value Estimation by Request
      152,924 SF

      10260 Westheimer Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 152,924 SF
      10260 Westheimer Rd, Houston, TX 77042-3110
      View Details
    • Value Estimation
      $655,000
      46,368 SF

      10011 Meadowglen Ln

      OFFICE BUILDING • 46,368 SF
      10011 Meadowglen Ln, Houston, TX 77042-3710
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      130,835 SF

      Westheimer Road Office Building

      Office building with 130,835 square feet of space.
      10260 Westheimer Rd, Houston, TX 77042
      View Details
    • $900,000
      3,600 SF

      Parking Lot on Wilcrest Drive

      3,600 SF parking lot with utilities on Wilcrest Drive.
      8200 Wilcrest Dr, Houston, TX 77042
      View Details
    • $99,900

      Gated Condo with Community Amenities

      Spacious 2-bedroom condo with pools and tennis courts.
      10049 Westpark Dr, Houston, TX 77042
      View Details
    • $115,000

      Charming Condo with Two Balconies

      Comfortable 2-bedroom condo with courtyard views and modern amenities.
      3100 Walnut Bend Ln, Houston, TX 77042
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    • $141,999

      Condo in Gated Community

      Charming 2-bedroom, 2-bath condo near Houston's Energy Corridor.
      9707 Richmond Ave, Houston, TX 77042
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    • $89,000

      Condo Near Memorial City

      Move-in ready condo with two bedrooms and two bathrooms.
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    Similar Nearby for Lease

    • $19 SF/Yr
      118,259 SF

      Westchase Office Building For Lease

      Houston office building with renovated amenities and convenient location.
      11000 Richmond Ave, Houston, TX 77042
      View Details
    • $17 SF/Yr
      75,037 SF

      Houston Office Building: Wilcrest Dr

      Prime Houston office space, 17 suites available.
      3200 Wilcrest Dr, Houston, TX 77042, Houston, TX 77042
      View Details
    • $20 SF/Yr
      177,397 SF

      Westchase District Office Space Available

      Office building in Houston's Westchase District with amenities.
      9800 Richmond Ave, Houston, TX 77042
      View Details
    • $15 SF/Yr
      124,954 SF

      SilverStone Office: Westchase Gem

      Class B Office Space, Westchase District
      2900 Wilcrest Dr, Houston, TX 77042
      View Details
    • Contact for pricing
      15,000 SF

      Westchase Center Office Space

      Prime Houston Office Suites Available
      10777 Westheimer Rd, Houston, TX 77042
      View Details
    • $17 SF/Yr
      165,046 SF

      Columbia Centre: Prime Westchase Office Space

      Modern Office Suites, Flexible Sizes, Westchase Location
      11011 Richmond Ave, Houston, TX 77042
      View Details
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    Houston, TX 77042-5332
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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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