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
    Property profile & analytics

    1201 Fannin St Houston, TX 77002

    • Office buildings
    • 305,277 SF
    • 4.01 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    $495,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-6310701
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • make(her) boutique / Boutique
    • McCormick & Schmick's Seafood & Steaks / Steak House / Restaurant
    • Pettis Counseling, PLLC / Counselor / Family Counselor
    • GreenStreet / Restaurant / Office Space Rental Agency
    • Federal Building Services Inc / Construction Company

    Property Details for 1201 Fannin St

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.01 lot acres
    Property size
    305,277 SF
    Property type
    Office buildings
    APN
    12610000009
    APU
    12610000009

    Description

    This Class A, 3,923 square foot office building at 1201 Fannin Street in Houston, Texas, offers a variety of workspace options, including traditional, executive, coworking, and creative office spaces. The building, renovated in 2019, features 350 suites with a minimum divisible space of 50 square feet and a maximum contiguous space of 1,300 square feet. Currently, 6,620 square feet are vacant. Amenities include high-speed, unlimited Wi-Fi, on-site café with barista-style coffee, and friendly administrative support staff. The building boasts floor-to-ceiling windows providing ample natural light throughout the three-story space, along with a shared rooftop deck ideal for events or relaxation. Its convenient location within a four-block mixed-use development provides easy access to dining options such as Cafè Cosmopolita and Mia Bella Trattoria, a light rail station, a multi-story parking garage, and nearby attractions including Discovery Green Park, DuVin Pintor Gallery, and Bayou City Theatrics. Located in Harris County, zip code 77002, this property offers elevators for convenient access to all floors. This is an exceptional opportunity for businesses seeking a vibrant and well-equipped workspace in the heart of Houston.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $495,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.365
    Latitude
    29.7542
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $2,659,652
    $87,279,000
    $34,731,366
    $122,010,366
    -
    $87,279,000
    $34,731,366
    $122,010,366

    Comparable in this City

    • Value Estimation by Request
      6,078 SF

      1111 Bagby St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 6,078 SF
      1111 Bagby St, Houston, TX 77002-2551
      View Details
    • Value Estimation
      $125,000
      1,227,182 SF

      1600 Smith St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 1,227,182 SF
      1600 Smith St, Houston, TX 77002-7362
      View Details
    • Value Estimation by Request
      3,348 SF

      1500 Louisiana St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 3,348 SF
      1500 Louisiana St, Houston, TX 77002-7308
      View Details
    • Value Estimation
      $185,000
      1,214 SF

      1001 Louisiana St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 1,214 SF
      1001 Louisiana St, Houston, TX 77002-5089
      View Details
    • Value Estimation by Request
      1,396 SF

      900 Louisiana St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 1,396 SF
      900 Louisiana St, Houston, TX 77002-4901
      View Details
    • Value Estimation
      $360,000
      372,711 SF

      601 Travis St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 372,711 SF
      601 Travis St, Houston, TX 77002-3252
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,800 SF

      Midtown Houston Retail Storefront

      Prime Midtown location, high traffic, 16,800 sq ft.
      2204 Louisiana St, Houston, TX 77002
      View Details
    • Contact for pricing
      55,088 SF

      Mid-Century Modern Redevelopment Opportunity

      55,000 SF building in Houston's Midtown district.
      1000 Mcgowen St, Houston, TX 77002
      View Details
    • $3,800,000

      Houston Investment Opportunity For Sale

      Stabilized investment property with strong tenant in Houston, TX.
      1916 Baldwin St, Houston, TX 77002
      View Details
    • Contact for pricing
      8,888 SF

      Museum District Office Space

      8,888 SF Office, Renovated 2023
      4900 Travis St, Houston, TX 77002
      View Details
    • $2,500,000
      4,766 SF

      Executive Office Building, Houston

      Prime Houston Office, High NOI, 4,766 SF
      2715 Fannin St, Houston, TX 77002
      View Details
    • Contact for pricing
      20,000 SF

      Downtown Houston Mixed-Use Gem

      20,000 SF, 2-Story, High Visibility
      421 Fannin St, Houston, TX 77002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,314,350 SF

      800 Bell St: Houston CBD Office

      Iconic Houston CBD office building, 1.3M+ SF.
      800 Bell St, Houston, TX 77002
      View Details
    • Contact for pricing
      8,500 SF

      Midtown Office Building For Rent

      Class B office building in Midtown with gated parking.
      410 Pierce St, Houston, TX 77002
      View Details
    • Contact for pricing
      1,065 SF

      Downtown Houston Executive Suite

      Plug & Play Office Space Available
      1000 Main St, Houston, TX 77002
      View Details
    • $15 SF/Yr
      784,143 SF

      Downtown Houston Office Tower

      Prestigious Houston office space available.
      1301 Fannin St, Houston, TX 77002
      View Details
    • $8 SF/Yr
      1,314,350 SF

      800 Bell St

      Government properties • 1,314,350 SF
      800 Bell St, Houston, TX 77002
      View Details
    • $22 SF/Yr
      1,000 SF

      Washington Ave Office Space

      Prime Houston Office, Move-In Ready
      1420 Washington Ave, Houston, TX 77002
      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.
    1201 Fannin St
    Houston, TX 77002
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.