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

    9900 Westpark Dr Houston, TX 77063

    Sponsored
    For Lease
    $14 SF/Yr

    Modern Houston office suites, flexible sizes.

    Lot size:
    91,711 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    420
    This three-story, 91,711-square-foot office building at 9900 Westpark Drive in Houston, Texas, 77063 offers a variety of spaces to suit diverse business needs. Built in 1980 and renovated in 2004, the property features a large, renovated lobby with a video surveillance and exterior lighting system. The building provides on-site maintenance and ample parking, with a ratio of 4.36 spaces per 1,000 square feet. Its convenient location in the Southwest Houston submarket, specifically West Belt, West Houston, and Westchase/Westpark Tollway areas, offers easy access to major freeways, restaurants, and hotels. The property is also situated on a METRO bus route. Multiple tenancy options are available, ranging from a minimum of 57 square feet to a maximum contiguous space of 31,166 square feet

    Property Features for 9900 Westpark Dr

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    91,711 SF
    Total Rate
    111810.99

    Building Details

    Year Built/Renovated
    1980/2004
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 271
    Size
    2,059 SF
    Rate per SF
    $18
    Space
    Suite 250J
    Size
    69 SF
    Rate per SF
    $16
    Space
    Suite 361
    Size
    740 SF
    Rate per SF
    $17
    Space
    Suite 318
    Size
    338 SF
    Rate per SF
    $19
    Space
    Suite 305
    Size
    1,552 SF
    Rate per SF
    $15
    Space
    Suite 317
    Size
    394 SF
    Rate per SF
    $19
    Space
    Suite 329
    Size
    442 SF
    Rate per SF
    $19
    Space
    Suite 300
    Size
    384 SF
    Rate per SF
    $22
    Space
    Suite 323
    Size
    396 SF
    Rate per SF
    $18
    Space
    Suite 269
    Size
    1,077 SF
    Rate per SF
    $14
    Space
    Suite 330
    Size
    394 SF
    Rate per SF
    $21
    Space
    Suite 316
    Size
    394 SF
    Rate per SF
    $21
    Space
    Suite 326
    Size
    433 SF
    Rate per SF
    $18
    Space
    Suite 300.WS
    Size
    31,166 SF
    Rate per SF
    $21
    Space
    Suite 122
    Size
    850 SF
    Rate per SF
    $15
    Space
    Suite 260
    Size
    600 SF
    Rate per SF
    $15
    Space
    Suite 264
    Size
    820 SF
    Rate per SF
    $14
    Space
    Suite 303
    Size
    524 SF
    Rate per SF
    $19
    Space
    Suite 332
    Size
    394 SF
    Rate per SF
    $19
    Space
    Suite 333
    Size
    320 SF
    Rate per SF
    $18
    Space
    Suite 335
    Size
    375 SF
    Rate per SF
    $19
    Space
    Suite 201
    Size
    1,304 SF
    Rate per SF
    $15
    Space
    Suite 136
    Size
    557 SF
    Rate per SF
    $15
    Space
    Suite 212
    Size
    543 SF
    Rate per SF
    $15
    Space
    Suite 230
    Size
    507 SF
    Rate per SF
    $15
    Space
    Suite 283
    Size
    374 SF
    Rate per SF
    $15
    Space
    Suite 338
    Size
    307 SF
    Rate per SF
    $19
    Space
    Suite 358
    Size
    595 SF
    Rate per SF
    $15
    Space
    Suite 360
    Size
    800 SF
    Rate per SF
    $16

    We can help!

    Listing Contact
    Kathryn Fansler

    Learn more

    Property Insight Report

    HighLights

    • Free tenant conference facilities.
    • Large renovated lobby with video surveillance and exterior lighting.
    • 24‑hour secure key card access.
    • Security cameras, video surveillance, and exterior lighting system.
    • On‑site maintenance and management.
    • Ample parking: covered, surface, and garage; 4.36 spaces per 1,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Continental Integrated Business ... Engineering Consultant 3C Dental Group Corporate Office Safe Driver Centre Training Center The Law Office of Susana ... Law Firm DAPHNE G. NUNEZ Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -95.535843025993
    Latitude
    29.720682503015

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    FAQs

    What type of property is this?
    Coworking space - Modern Houston office suites, flexible sizes.
    Where is this coworking space located?
    The property is located at 9900 Westpark Dr Houston, TX.
    What is the lease rate?
    The lease rate is $14-$22 SF/Yr.
    What are key features of this property?
    This property features: Free tenant conference facilities.; Large renovated lobby with video surveillance and exterior lighting.; 24-hour secure key card access.
    Request Owner's contact information
    9900 Westpark Dr Houston, TX 77063
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    Houston, TX 77063
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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
    9900 Westpark Dr Houston, TX 77063
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    We can help!
    Listing Contact
    Kathryn Fansler
    Learn more
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