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    1415 Loop Houston, TX 77008

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    For Lease
    Contact for pricing

    13 Suites Available, 184-2,410 SF

    Lot size:
    157,794 SF

    Property Features for 1415 Loop

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    157,794 SF
    Total Rate
    289289

    Building Details

    Stories
    13

    Spaces For Lease

    at 1415 Loop, Houston, TX 77008 Contact us
    Unit Mezz F

    $22 /Mo

    Size
    791 SF
    Contact us
    Unit Suite - 920

    $22 /Mo

    Size
    1,349 SF
    Contact us
    Unit Suite - 1185

    $22 /Mo

    Size
    3,861 SF
    Contact us
    Unit Suite 605

    $22 /Mo

    Size
    3,176 SF
    Contact us
    Unit Suite - 1018

    $22 /Mo

    Size
    184 SF
    Contact us
    Unit Suite 300 - 50

    $22 /Mo

    Size
    500 SF
    Contact us
    Unit Suite -122

    $22 /Mo

    Size
    375 SF
    Contact us
    Unit Suite 150

    $22 /Mo

    Size
    670 SF
    Contact us
    Unit Suite 710

    $22 /Mo

    Size
    537 SF
    Contact us
    Unit Suite 810

    $22 /Mo

    Size
    2,046 SF
    Contact us
    Unit Suite - 1014

    $22 /Mo

    Size
    302 SF
    Contact us
    Unit Mezz D

    $22 /Mo

    Size
    2,410 SF
    Contact us
    Unit Suite 930

    $22 /Mo

    Size
    91 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Chris Lewis
    Chris Lewis

    Listing Agency: Lee & Associates Houston Listing Agent: Chris Lewis

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

    Learn more

    Overview

    1415 N Loop W offers 157,794 square feet of prime office space in Houston, Texas. This thirteen-story building features 13 suites, with a minimum divisible space of 184 square feet and a maximum contiguous space of 2,410 square feet. Currently, 16,292 square feet are vacant, offering various options for businesses of all sizes. Located in Harris County, with easy access to major highways like Loop 610 and Highway 290, this property provides convenient commutes. The building's location near The Heights, Lazy Brook, Garden Oaks, and Timber Grove communities offers employees and clients a variety of nearby amenities, including numerous dining options such as Chick-fil-A, Pei Wei, and Chipotle Mexican Grill, with a future Kirby Ice House also planned. This traditional and executive office space presents a professional environment in a highly desirable area. The building's address is 1415 N Loop W, Houston, TX 77008.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mpact Management Consulting Business Management Consultant ABIS, Inc Business Management Consultant CFDS (Bike/Boat/Book/etc) Store Cassandra Smisson Hayes, ... Counselor Vannice Jeff L Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4241231
    Latitude
    29.8114064

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    FAQs

    What type of property is this?
    Office property - 13 Suites Available, 184-2,410 SF
    Where is this office property located?
    The property is located at 1415 Loop Houston, TX.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Modern Conference Facility on-site; 24/7 Security Guard on Duty; Convenient Tenant Lounge with Micro-Deli
    Request Owner's contact information
    1415 Loop Houston, TX 77008
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    Houston, TX 77008
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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
    1415 Loop Houston, TX 77008
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Lewis
    Chris Lewis
    Real Estate License ID: 523894
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