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Property profile & analytics
OFF-MARKET
Office Spaces

1700 Loop Houston, TX 77027

273,163 SF 1.57 ac lot Built 1972
Property ID
Property summary
AI-generated overview

This exceptional Class A office tower, totaling 273,163 square feet, boasts a 94% occupancy rate and is situated in Houston's prestigious Galleria submarket. The 14-story building, constructed in 1972 and extensively renovated in 2017 and 2021, sits on a 1.57-acre lot and offers ample parking (913 spaces per 1,000 sq ft). The property features a multi-tenant environment anchored by a major engineering firm with a substantial lease term remaining (7.2 years). This tenant, a top-ranked national firm, occupies a significant portion of the building. The building's location provides convenient access to major transportation routes and is within walking distance of numerous restaurants, Uptown Park, and a large hotel currently undergoing renovations. Its proximity to affluent residential neighborhoods like River Oaks, the Memorial Villages, and Tanglewood further enhances its desirability. The Galleria submarket itself offers a wealth of amenities, including over 24,000 apartments, more than 9,000 hotel rooms, and 6 million square feet of retail space, much of it within easy walking distance. This investment presents a compelling opportunity due to its strong cash flow, stable tenant base, and prime location in a thriving Houston submarket. The property's durable cash flow and attractive contractual yield make it an ideal addition to any portfolio.

Property profile
Verified
Property type Office Spaces
Year built 1972
Total area 273,163 SF
Lot 1.57 ac (68,389 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
  • Commonwealth Commercial Partners - Houston, TX Real Estate Agency
  • Regiment General Contractor
  • 1700 West Loop South Parking Lot & Garage
  • HUNTINGTON OIL & GAS, LLC Oil & Natural Gas Company
  • Burns & McDonnell Construction Company
Value estimations
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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