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    The Largest CRE Database in the US with Over 1 Million Listings

    5600 Central Dr Houston, TX 77092

    Sponsored
    For Lease
    $15 SF/Yr

    Houston Executive Office & Coworking Space

    Lot size:
    62,101 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    This Houston, Texas office building at 5600 NW Central Dr, 77092 offers 62,101 square feet of Class B office space, ideal for executive offices and coworking. Built in 1982 and renovated in 2010, the property features 34 suites, with a minimum divisible space of 212 square feet and a maximum contiguous space of 6,527 square feet. Currently, 26,798 square feet are vacant, offering various options for businesses of all sizes. Amenities include covered parking (2.88 spaces per 1000 sq ft), 24-hour secure key card access, on-site maintenance, security cameras and video surveillance, and security patrols. The building boasts a spacious lobby atrium and plenty of natural light. Its convenient location off Highway 290 provides easy access to Beltway 8, along with nearby restaurants, shopping, hotels, and banks. This property presents a unique opportunity for businesses seeking high-quality, affordable office space in a well-maintained and strategically located building.

    Property Features for 5600 Central Dr

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    62,101 SF
    Class
    B
    Total Rate
    77626.25

    Building Details

    Year Built/Renovated
    1982/2010

    Unit(s) available at that property

    Space
    Suite 110.WS
    Size
    4,691 SF
    Rate per SF
    $19
    Space
    Suite 110A
    Size
    147 SF
    Rate per SF
    $28
    Space
    Suite 246
    Size
    449 SF
    Rate per SF
    $17
    Space
    Suite 160
    Size
    727 SF
    Rate per SF
    $16
    Space
    Suite 110C
    Size
    279 SF
    Rate per SF
    $26
    Space
    Suite 110F
    Size
    420 SF
    Rate per SF
    $19
    Space
    Suite 110J
    Size
    422 SF
    Rate per SF
    $19
    Space
    Suite 110E
    Size
    855 SF
    Rate per SF
    $19
    Space
    Suite 272
    Size
    302 SF
    Rate per SF
    $18
    Space
    Suite 175
    Size
    983 SF
    Rate per SF
    $15
    Space
    Suite 240
    Size
    579 SF
    Rate per SF
    $15
    Space
    Suite 110G
    Size
    418 SF
    Rate per SF
    $19
    Space
    Suite 265
    Size
    289 SF
    Rate per SF
    $19
    Space
    Suite 110M
    Size
    158 SF
    Rate per SF
    $22
    Space
    Suite 101A
    Size
    1,164 SF
    Rate per SF
    $16
    Space
    Suite 110H
    Size
    432 SF
    Rate per SF
    $19
    Space
    Suite 110O
    Size
    151 SF
    Rate per SF
    $23
    Space
    Suite 110N
    Size
    158 SF
    Rate per SF
    $22
    Space
    Suite 110L
    Size
    158 SF
    Rate per SF
    $26
    Space
    Suite 110K
    Size
    151 SF
    Rate per SF
    $27
    Space
    Suite 142
    Size
    452 SF
    Rate per SF
    $16
    Space
    Suite 155
    Size
    1,210 SF
    Rate per SF
    $18
    Space
    Suite 262.WS
    Size
    3,675 SF
    Rate per SF
    $19

    We can help!

    Listing Contact
    Trey Miller

    Learn more

    Property Insight Report

    HighLights

    • Upscale Workstyle suites available.
    • Bright, spacious lobby.
    • On‑site leasing services.
    • On‑site property management and maintenance.
    • Shared conference room available.
    • Secure building with 24‑hour keycard access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Terralab Landscape Architects Landscaping Transformation NOW Counseling ... Counselor 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
    Harris
    State
    Texas
    Longitude
    -95.49483508471
    Latitude
    29.847746252283

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    FAQs

    What type of property is this?
    Coworking space - Houston Executive Office & Coworking Space
    Where is this coworking space located?
    The property is located at 5600 Central Dr Houston, TX.
    What is the lease rate?
    The lease rate is $15-$28 SF/Yr.
    What are key features of this property?
    This property features: Upscale Workstyle suites available.; Bright, spacious lobby.; On-site leasing services.
    Request Owner's contact information
    5600 Central Dr Houston, TX 77092
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    Houston, TX 77092
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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
    5600 Central Dr Houston, TX 77092
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    We can help!
    Listing Contact
    Trey Miller
    Learn more
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