Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8900 Park Dr Houston, TX 77063

    • Warehouses
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 8900 Park Dr

    Property type
    Warehouses
    Property subtype
    Specialty properties

    Description

    This exceptional 2,100 square foot flex space, located at 8990 Park West in Houston, Texas, presents a remarkable opportunity for businesses seeking a modern and versatile workspace. The fully air-conditioned interior offers 2,100 square feet of adaptable space, perfect for a variety of uses, including office, retail, showroom, or creative workspace configurations. Its prime location provides easy access to major highways, ensuring excellent visibility and convenient commuting for employees and clients. The property boasts ample parking, enhancing accessibility and convenience. Modern finishes and a clean, flexible layout create a professional atmosphere, ideal for elevating your business image. This move-in ready space offers a comfortable and efficient environment, making it an ideal choice for growing businesses, established companies seeking expansion, or those looking to create a welcoming customer-facing space. The property's strategic location within a bustling Houston business district offers significant advantages for businesses seeking high visibility and accessibility. The climate-controlled environment ensures year-round comfort for occupants and visitors. Don't miss this chance to secure this exceptional space and transform it into your next business success story.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.521
    Latitude
    29.7354

    Comparable in this City

    • Value Estimation
      $4,485,000
      150,689 SF

      3918 Dunvale Rd

      DISTRIBUTION WAREHOUSE • 150,689 SF
      3918 Dunvale Rd, Houston, TX 77063-5818
      View Details
    • Value Estimation
      $2,785,000
      43,335 SF

      3930 Westholme Dr

      DISTRIBUTION WAREHOUSE • 43,335 SF
      3930 Westholme Dr, Houston, TX 77063-6314
      View Details
    • Value Estimation
      $1,795,000
      73,944 SF

      7800 Westpark Dr

      DISTRIBUTION WAREHOUSE • 73,944 SF
      7800 Westpark Dr, Houston, TX 77063
      View Details
    • Value Estimation by Request
      2,500 SF

      8619 Windswept Ln

      FUNERAL HOME • 2,500 SF
      8619 Windswept Ln, Houston, TX 77063-5723
      View Details
    • Value Estimation by Request
      2,591 SF

      3325 Fondren Rd

      VETERINARY, ANIMAL HOSPITAL • 2,591 SF
      3325 Fondren Rd, Houston, TX 77063-5622
      View Details
    • Value Estimation by Request
      2,840 SF

      2717 Rockyridge Dr

      VETERINARY, ANIMAL HOSPITAL • 2,840 SF
      2717 Rockyridge Dr, Houston, TX 77063-3818
      View Details

    Similar Nearby for Sale

    • $2,250,000

      Houston Warehouse: Prime Location

      ±19,500 SF Warehouse, Excellent Access
      3007 Crossview Dr, Houston, TX 77063
      View Details
    • Contact for pricing
      16,328 SF

      Office and Warehouse Buildings For Sale

      Three buildings with office and warehouse space available for purchase.
      9108-9110 Clarkcrest St, Houston, TX 77063
      View Details
    • Contact for pricing
      8,812 SF

      Renovated Flex Office Space

      8,812 SF flex office space, renovated in 2024.
      7830 Westglen Dr, Houston, TX 77063
      View Details
    • $1,200,000
      2,800 SF

      Renovated Warehouse on Corner Lot

      Recently renovated light industrial warehouse on a 10,000 SF lot.
      8921 Daffodil St, Houston, TX 77063
      View Details
    • Contact for pricing
      8,000 SF

      Houston Warehouse with Grade-Level Doors

      8,000 SF warehouse with two grade-level doors for sale.
      8633 Antelope Dr, Houston, TX 77063
      View Details
    • $159,995

      Houston Warehouse in Beltway 8

      Two-story, 10,085 SF warehouse in Southwest Houston.
      9220 Rasmus Dr, Houston, TX 77063
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Houston Warehouse Space Available

      Warehouse space available for rent in Houston, Texas.
      3027 Crossview Dr, Houston, TX 77063
      View Details
    • Contact for pricing
      32,618 SF

      Westheimer Retail Center

      Houston Retail Space: 2,040-5,288 SF
      9099 Westheimer Rd, Houston, TX 77063
      View Details
    • $1,300,000
      3,375 SF

      Warehouse Near Westheimer

      Warehouse with air-conditioned offices, suitable for lease or sale.
      9236 Kingsville St, Houston, TX 77063
      View Details
    • $2,250,000
      19,500 SF

      Houston Warehouse Space For Rent

      19,500 SF warehouse space available for lease.
      3007 Crossview Dr, Houston, TX 77063
      View Details
    • $56 SF/Yr
      14,135 SF

      Corner Lot Near Galleria

      Corner lot near Galleria, ideal for auto-related businesses.
      9221 Monsey Dr, Houston, TX 77063
      View Details
    • Contact for pricing

      Industrial Sublease with Fenced Yard

      Industrial sublease featuring two overhead doors, fenced yard, and offices.
      3820 Arc St, Houston, TX 77063
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8900 Park Dr
    Houston, TX 77063
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.