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    Renovated Office Building For Rent Title is generated by Realmo AI

    9900 Westpark Dr, Houston, TX 77063

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    Office building with renovated lobby, video surveillance, and on-site maintenance.

    Type:Office
    Added:
    Apr 24, 2020
    Days on Market:
    2207
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 9900 Westpark Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 9900 Westpark Dr Contact us

    Suite 271 $18 /Mo

    Size
    2,059 SF
    Type
    Office
    Reception, 5 window offices & 2 interior offices.
    Contact us

    Suite 250J $16 /Mo

    Size
    69 SF
    Type
    Office
    Contact us

    Suite 361 $17 /Mo

    Size
    740 SF
    Type
    Office
    1 Window Office, 1 Closet, 1 Entrance
    Contact us

    Suite 318 $19 /Mo

    Size
    338 SF
    Type
    Office
    Executive Interior office includes shared waiting areas, conference rooms, huddle...
    show more
    Contact us

    Suite 317 $19 /Mo

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

    Suite 329 $19 /Mo

    Size
    442 SF
    Type
    Office
    Contact us

    Suite 300 $22 /Mo

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

    Suite 323 $18 /Mo

    Size
    396 SF
    Type
    Office
    Executive Atrium Window office includes shared waiting areas, conference rooms, huddle...
    show more
    Contact us

    Suite 269 $14 /Mo

    Size
    1,077 SF
    Type
    Office
    Reception Area, 1 Window Office, 1 Interior Office, 1 Bullpen, Open Area
    Contact us

    Suite 330 $21 /Mo

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

    Suite 316 $21 /Mo

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

    Suite 326 $18 /Mo

    Size
    433 SF
    Type
    Office
    Executive Atrium Window office includes shared waiting areas, conference rooms, huddle...
    show more
    Contact us

    Suite 300.WS $21 /Mo

    Size
    31,166 SF
    Type
    Office
    39 Window Offices, 31 Interior Offices, Includes shared waiting areas, conference...
    show more
    Contact us

    Suite 303 $19 /Mo

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

    Suite 332 $19 /Mo

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

    Suite 335 $19 /Mo

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

    Suite 283 $15 /Mo

    Size
    374 SF
    Type
    Office
    Window office.
    Contact us

    Suite 338 $19 /Mo

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

    Suite 140 $14 /Mo

    Size
    930 SF
    Type
    Office
    Reception, 2 window offices & 1 interior office
    Contact us

    Suite 216 $15 /Mo

    Size
    452 SF
    Type
    Office
    Reception & window office with atrium view
    Contact us

    Suite 234 $15 /Mo

    Size
    513 SF
    Type
    Office
    Reception, 1 window office & work area.
    Contact us

    Suite 254 $15 /Mo

    Size
    995 SF
    Type
    Office
    Upgraded flooring and glass entry. Reception, 2 window offices & workroom
    Contact us

    Suite 256 $15 /Mo

    Size
    953 SF
    Type
    Office
    Reception, 2 window offices & work area
    Contact us

    Suite 307 $16 /Mo

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

    Suite 322 $19 /Mo

    Size
    642 SF
    Type
    Office
    Executive Atrium Window office includes shared waiting areas, conference rooms, huddle...
    show more
    Contact us

    Suite 324 $19 /Mo

    Size
    303 SF
    Type
    Office
    Executive Atrium Window office includes shared waiting areas, conference rooms, huddle...
    show more
    Contact us

    Suite 349 $15 /Mo

    Size
    1,032 SF
    Type
    Office
    1 Window Office, 1 Bullpen, 1 Entrance
    Contact us

    Suite 364 $15 /Mo

    Size
    588 SF
    Type
    Office
    Modern concrete flooring in Reception, 1 window office
    Contact us

    Suite 250d $19 /Mo

    Size
    202 SF
    Type
    Office
    1 Window Office, 1 Entrance
    Contact us
    Show more

    We can help!

    Listing Contact
    Kathryn Fansler

    Listing agent Kathryn Fansler 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

    HighLights

    • Renovated lobby provides a welcoming entrance.
    • Enhanced security with video surveillance & exterior lighting system.
    • On‑site maintenance ensures the building is well cared for.
    • Ample parking with a ratio of 3/1,000 sf.
    • Conveniently located minutes from major freeways, restaurants, and hotels.
    • Easy access to public transportation with the METRO bus line route.

    Overview

    The property at 9900 Westpark Dr features a large, renovated lobby and is equipped with a video surveillance and exterior lighting system. On-site maintenance is available. The building provides a parking ratio of 3 per 1,000 square feet. A METRO bus route is located nearby. The property is situated minutes from major freeways, restaurants and hotels.
    Property Profile Insight Report 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
    Fort Bend
    State
    Texas
    Longitude
    -95.5361398
    Latitude
    29.7214269

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    FAQs

    What type of property is this?
    Office building - Office building with renovated lobby, video surveillance, and on-site maintenance.
    Where is this office building located?
    The property is located at 9900 Westpark Dr Houston, TX.
    What are key features of this property?
    This property features: Renovated lobby provides a welcoming entrance.; Enhanced security with video surveillance & exterior lighting system.; On‑site maintenance ensures the building is well cared for.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kathryn Fansler
    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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