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    Property profile & analytics

    16310 Access Rd Houston, TX 77064

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 16310 Access Rd

    Property type
    Office Properties & Spaces

    Description

    Willowbrook Office Condominiums offers a unique opportunity to own or lease contemporary office space. This thriving business park features 20 single-story buildings, each containing 4-5 suites, totaling over 80 individual office condos. The property is strategically located near Highway 249 and within one mile of the Sam Houston Tollway, providing convenient access to major thoroughfares. The Class B office condos are designed to accommodate diverse business needs and sizes. A shared community conference room is available for tenant use. The location offers proximity to numerous restaurants and coffee shops, as well as convenient access to FedEx, UPS, and other shipping services. Security features include a perimeter gate, two entrances, and ample open parking. This exceptional opportunity provides a secure and accessible environment for businesses of all sizes seeking a vibrant and convenient location. The property offers both sale and lease options.

    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
    -95.5306
    Latitude
    29.9492

    Comparable in this City

    • Value Estimation by Request
      92,033 SF

      17314 Sh 249

      Office Properties & Spaces • 92,033 SF
      17314 Sh 249, Houston, TX 77064
      View Details
    • Value Estimation by Request
      2,310 SF

      8815 West Rd

      Office Properties & Spaces • 2,310 SF
      8815 West Rd, Houston, TX 77064
      View Details
    • Value Estimation by Request
      1,150 SF

      16310 State Hwy 249th Ste, Unit 301

      CONDOMINIUM OFFICES • 1,150 SF
      16310 State Hwy 249th Ste, Houston, TX 77064-1806
      View Details
    • Value Estimation by Request
      1,150 SF

      16310 State Hwy 249th Ste, Unit 303

      CONDOMINIUM OFFICES • 1,150 SF
      16310 State Hwy 249th Ste, Houston, TX 77064-1814
      View Details
    • Value Estimation by Request
      1,150 SF

      16310 State Hwy 249th Ste, Unit 305

      CONDOMINIUM OFFICES • 1,150 SF
      16310 State Hwy 249th Ste, Houston, TX 77064-1813
      View Details
    • Value Estimation by Request
      1,150 SF

      16310 State Hwy 249th Ste, Unit 103

      CONDOMINIUM OFFICES • 1,150 SF
      16310 State Hwy 249th Ste, Houston, TX 77064-1814
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Houston Warehouse Complex

      Industrial space for sale or lease
      7918 Breen Rd, Houston, TX 77064
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    • Contact for pricing
      162,540 SF

      Class A Office Building

      Class A office building with direct access to Beltway 8.
      10343 Sam Houston Park Dr, Houston, TX 77064
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      5,400 SF

      5,400 SF Flex Space Available

      5,400 SF flex space with fenced storage yard.
      10205 Windfern Rd, Houston, TX 77064
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      6,500 SF

      Houston Industrial Space For Sale/Lease

      Prime Houston warehouse, 6,500-22,500 SF
      7918-7946 Breen Rd, Houston, TX 77064
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    • Contact for pricing
      0.85 Acres

      SH 249 Commercial Land Investment

      High-visibility Houston land with billboard income.
      0 Tx-249, Houston, TX 77064
      View Details
    • Contact for pricing
      7,150 SF

      Houston Warehouse: 7,150 SF

      Industrial warehouse for sale or lease.
      7930 Breen Dr, Houston, TX 77064
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    Similar Nearby for Lease

    • Contact for pricing
      92,033 SF

      Houston Executive Office Suites

      Prime Houston Office Space Available
      17314 Sh 249, Houston, TX 77064
      View Details
    • $8 SF/Yr
      67,581 SF

      Willowbrook Office Building

      Houston Office Space: 7 Suites Available
      7915 Farm To Market 1960 Rd, Houston, TX 77064
      View Details
    • $15 SF/Yr
      159,175 SF

      Prime Houston Office Space

      Class A Office, 78,799 SF Available
      10343 Sam Houston Park Dr, Houston, TX 77064
      View Details
    • Contact for pricing
      5,400 SF

      Windfern Road Flex Space Available

      5,400 SF flex space with office and outside storage.
      10023 Windfern Rd, Houston, TX 77064
      View Details
    • $20 SF/Yr
      47,995 SF

      Highway 249 Office Space Available

      Office spaces available for lease near Willowbrook Mall.
      17314 State Highway 249, Houston, TX 77064
      View Details
    • $20 SF/Yr
      40,199 SF

      Highway Frontage Office Space Available

      Office spaces for lease near Willowbrook Mall.
      17350 State Highway 249, Houston, TX 77064
      View Details
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    16310 Access Rd
    Houston, TX 77064
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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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