15840 Fm 529 Rd Houston, TX 77095

Property Details for 15840 Fm 529 Rd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.43 lot acres

Property size

44,348 SF

Property type

Office buildings

APN

1147590000005

APU

1147590000005

Description

This exceptional three-story office building, located at 15840 FM 529 in Northwest Houston, presents a compelling investment opportunity. Situated on 2.4 acres at the northeast corner of FM 529 and Lakeview Haven Drive, this Class B property offers convenient access to US 290 and Beltway 8. Built in 1986, the building encompasses 42,621 square feet and features 32 individual suites, with five currently available, ranging from 726 to 7,489 square feet. The property boasts a 76.44% occupancy rate, providing immediate cash flow potential. Ample surface parking is available, with a generous parking ratio of 3.1 spaces per 1,000 square feet. The building includes elevators for convenient access to all three floors. This traditional office building presents a strong value proposition for investors seeking a well-located, established property in a thriving Houston submarket. The property's strategic location and existing tenant base make it an attractive investment opportunity with significant upside potential. The multiple suite availability allows for flexibility in tenant mix and lease terms. This is a rare opportunity to acquire a well-maintained, established office building in a high-demand area of Houston.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.649

Latitude

29.8798

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments