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    OFF-MARKET
    Office Spaces

    11200 Westheimer Rd, Houston, TX 77042

    182,506 SF 2.91 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 10-story, Class B office building, Westheimer Central Plaza, presents a compelling value-add investment opportunity in Houston's Westchase submarket. Located at 11200 Westheimer Rd, Houston, TX 77042, this 182,506 square foot property sits on a 2.91-acre lot and offers 3 parking spaces per 1,000 square feet. Currently 63% occupied with a diverse tenant base, the building boasts a weighted average lease term of 1.8 years remaining. The property features a recently renovated lobby and interiors, abundant natural light, and efficient, large floorplates (approximately 19,500 square feet). Its prime location provides easy access to Beltway 8, Westpark Tollway, and I-10, along with numerous nearby retail and dining options. The asking price is $7,300,000, translating to $40 per square foot. Significant lease-up potential exists for approximately 51,000 square feet of available space, with ideal average suite sizes of 1,825 square feet. Top-of-building signage opportunities are also available. This property offers a cost-effective destination for tenants, presenting a significant discount compared to competitors while maintaining a similar amenity base. The building's aesthetically pleasing exterior features modern glass architecture.

    Property profile
    Verified
    Property type Office Spaces
    Total area 182,506 SF
    Lot 2.91 ac (126,760 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Synechron, Inc. (Bike/Boat/Book/etc) Store Corporate Office
    • Alternative Energy Advisors Business Management Consultant
    • LFF Houston Factory Metal Fabrication Plant
    • Gigi Shum: Allstate Insurance Insurance Agency
    • Robert Ramiro Avitia: Primerica - Financial Services Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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