Add Listing
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

    1600 Highway 6 Sugar Land, TX 77479

    • Office properties & Spaces
    • 85,556 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Go Active LED / Electrical Service / General Contractor
    • Chada Sharon / Physician / Medical Clinic
    • Jeff Hermes: Allstate Insurance / Insurance Agency
    • The Love DuCote Law Firm LLC / Law Firm / Child Welfare Organization
    • The Bale Law Firm, PLLC / Law Firm

    Property Details for 1600 Highway 6

    Year built
    1998
    Property size
    85,556 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional sublease opportunity presents 3,974 square feet of prime office space within the prestigious Offices at Kensington I in Sugar Land, Texas. Located at 1600 Hwy 6, zip code 77479, this Class A building boasts a total of 85,556 square feet spread across four stories. Built in 1998, the property offers a blend of traditional, executive, and creative office spaces, making it suitable for a variety of businesses. The building features elevators for convenient access to all floors. Its strategic location provides easy access to major highways and public transportation, ensuring a smooth commute for employees. Enjoy the unique amenity of a two and a half mile walking path surrounding a 15-acre lake, fostering a healthy work-life balance. The property's proximity to key attractions like First Colony Mall, Constellation Field, and Sugar Land Town Square offers ample opportunities for networking and client entertainment. This sublease is perfect for a business seeking a well-appointed, conveniently located, and amenity-rich office space in the thriving Sugar Land submarket. The building's modern design and desirable location make it an ideal choice for companies seeking a prestigious address. This is a multiple tenancy building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sugar Land
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.609
    Latitude
    29.6185

    Comparable in this City

    • Value Estimation by Request
      3,675 SF

      5501 Cabrera Dr

      Office Units • 3,675 SF
      5501 Cabrera Dr, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request

      5501 Cabrera Dr

      Office Units
      5501 Cabrera Dr, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      1,225 SF

      5501 Cabrera Dr

      Office Units • 1,225 SF
      5501 Cabrera Dr, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request

      18722 University Blvd

      Office Units
      18722 University Blvd, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      9,316 SF

      4907 Sandhill Dr

      Medical Office Space • 9,316 SF
      4907 Sandhill Dr, Sugar Land, TX 77479
      View Details
    • Value Estimation by Request
      3,675 SF

      5501 Cabrera Dr

      Coworking space • 3,675 SF
      5501 Cabrera Dr, Sugar Land, TX 77479
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,248 SF

      New Office Condo in Sugar Land

      Modern office condo built in 2020, ready for immediate use.
      800 Bonaventure Way, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      1,248 SF

      Upgraded Office Space in Sugar Land

      1,248 SF office space with upgraded finishes and accessibility.
      800 Bonaventure Way, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      2,603 SF

      Exceptional Office Condo-Suite in Sugar Land

      High-quality 2,600 SF office space in a prime location.
      6542 Greatwood Pkwy, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      6,106 SF

      Medical Office Across From Hospital

      Move-in ready medical office space in Sugar Land's medical district.
      3519 S Town Center Blvd S, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      4,750 SF

      Houston Professional/Medical Office Space

      4,750 Sq Ft professional/medical office space in Houston, TX.
      2515 Cordes Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      14,768 SF

      Sugar Land Retail Center Investment

      Fully occupied retail center in Sugar Land, TX for sale.
      2600 Cordes Dr, Sugar Land, TX 77479
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,356 SF

      Office and Retail Space Available

      Two-story building with office over retail in Sugar Land.
      16525 Lexington Blvd, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Move-In Ready Office Space

      Medical or general office space in Sugar Land Town Square.
      16035 Lexington Blvd, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Sugar Land Office Space Available

      Office space available for rent in Sugar Land, Texas.
      3521 Town Center Blvd, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Professional Office Condo in Sugar Land

      1,225 sq ft office condo for lease in Sugar Land.
      5501 Cabrera Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing
      4,621 SF

      Sugar Land Office Space Available

      Office space available for lease in Sugar Land, TX.
      4907 Sandhill Dr, Sugar Land, TX 77479
      View Details
    • Contact for pricing

      Sugar Land Office/Retail Space

      Remodeled office/retail space with high visibility in Sugar Land.
      20333 Southwest Fwy, Sugar Land, TX 77479
      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.
    1600 Highway 6
    Sugar Land, TX 77479
    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.
    Sign Up Successful!
    You now have access to more from Realmo!