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    5600 NW Central Dr Houston, TX 77092

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    Professional office building with modern amenities and convenient location.

    Type:Office
    Added:
    Apr 24, 2020
    Days on Market:
    2203
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 5600 NW Central Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 5600 NW Central Dr Contact us

    Suite 175 $15 /Mo

    Size
    983 SF
    Type
    Office
    Large Conference Room or Bullpen, Large closet.
    Contact us

    Suite 110G $19 /Mo

    Size
    418 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 110C $26 /Mo

    Size
    279 SF
    Type
    Office
    Fully furnished & decorated window office. Includes shared waiting areas, conference...
    show more
    Contact us

    Suite 110H $19 /Mo

    Size
    432 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 110F $19 /Mo

    Size
    420 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
    show more
    Contact us

    Suite 240 $15 /Mo

    Size
    579 SF
    Type
    Office
    Reception, Window Office, Copy Area
    Contact us

    Suite 110J $19 /Mo

    Size
    422 SF
    Type
    Office
    Window office includes shared waiting areas, conference rooms, huddle rooms, lounge,...
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    Contact us

    Suite 209 $16 /Mo

    Size
    1,013 SF
    Type
    Office
    Reception, 1 entrance, 3 Window offices, 1 Store room
    Contact us

    Suite 110.WS $20 /Mo

    Size
    4,691 SF
    Type
    Office
    2 Entrances w Reception Area, 8 Window Offices, 7 Interior Offices, 1 Conference...
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    Suite 262.WS $20 /Mo

    Size
    3,675 SF
    Type
    Office
    6 Window Offices, 10 Interior Offices, Includes shared waiting areas, conference...
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    Contact us

    Suite 104 $15 /Mo

    Size
    1,754 SF
    Type
    Office
    2 Entrances with 3 Window Offices and one large bullpen.
    Contact us

    Suite 110E $22 /Mo

    Size
    855 SF
    Type
    Office
    Private reception area and window office. Includes shared conference rooms, huddle...
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    Contact us

    Suite 155 $17 /Mo

    Size
    1,210 SF
    Type
    Office
    Reception, bullpen, 2 interior offices, storage closet.
    Contact us

    Suite 241 $18 /Mo

    Size
    617 SF
    Type
    Office
    Reception Area with 1 Window Office Overlooking the Atrium and Copy Area.
    Contact us

    Suite 262 $24 /Mo

    Size
    215 SF
    Type
    Office
    Window 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

    Renovated Office Space Available

    One Northwest Centre, situated at 5600 Northwest Central Drive, offers a professional office environment. The building, originally constructed in 1982, has undergone complete renovations. It provides quality, affordable office space featuring ample windows and a spacious lobby atrium. On-site property maintenance is provided. Security measures include cameras, video surveillance, and security patrol. Tenants have access to covered parking opportunities and 24-hour secure key card access. The location provides convenient access to Hwy 290 and Beltway 8, as well as nearby restaurants, shopping, hotels, and banks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Terralab Landscape Architects Landscaping Transformation NOW Counseling ... Alcoholism Treatment Program Nexgen Engineers LLC Engineering Consultant Medical Dental Management ... Business Management Consultant ODDS Marketing Advertising Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Fort Bend
    State
    Texas
    Longitude
    -95.4940935
    Latitude
    29.8485256

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    FAQs

    What type of property is this?
    Office building - Professional office building with modern amenities and convenient location.
    Where is this office building located?
    The property is located at 5600 NW Central Dr Houston, TX.
    What are key features of this property?
    This property features: Convenient location off Hwy 290 with easy access to Beltway 8, restaurants, shopping, hotels, and banks.; 24‑hour secure key card access.; On‑site property maintenance.
    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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