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    10101 Fondren Rd Houston, TX 77096
    Property profile & analytics

    10101 Fondren Rd Houston, TX 77096

    View on Map
    • Office buildings
    • 96,289 SF
    • 3.48 lot acres
    For Lease
    $1,400,000
    View Listing →
    Renovated Office Building For Lease For Lease
    $1,400,000

    Renovated Office Building For Lease

    Office building with recent renovations available for lease.

    10101 Fondren Rd, Houston, TX 77096
    View Listing
    Property ID
    US82-4462955
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Samuel Behar CPA & MBA / Accounting Firm / Tax Preparation
    • Tax Depot / Accounting Firm / Tax Preparation
    • VVS Jewelers & Co. / (Bike/Boat/Book/etc) Store
    • Agwu Emeka / Church
    • Express Family Pharmacy / Pharmacy

    Property Details for 10101 Fondren Rd

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.48 lot acres
    Property size
    96,289 SF
    Property type
    Office buildings
    APN
    1044120000009
    APU
    1044120000009

    Description

    Brays Oaks Tower, located at 10101 Fondren Rd, Houston, TX 77096, offers a prime opportunity for businesses seeking office space in a well-maintained Class B building. This five-story building, totaling 100,000 square feet, currently has 6,150 square feet of vacant space available, suitable for various tenancy needs. Built in 1981 and extensively renovated in 2006, the property boasts a modern aesthetic. The renovation encompassed both exterior and interior improvements. Exterior upgrades included a new roof, updated windows with tinting, and a complete HVAC system replacement. Interior enhancements feature a striking new atrium, a luxurious lobby finished with porcelain and granite, renovated corridors, the addition of skylights, and fresh paint throughout. The building sits on an expansive 112,385 square foot lot and provides ample parking with a ratio of 6 spaces per 1,000 square feet. Available spaces range from 175 square feet to the entire 6,150 square feet of vacant space. This property presents a unique blend of classic architecture and modern amenities, making it an ideal location for businesses seeking a comfortable and efficient workspace in Houston.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5079
    Latitude
    29.6701
    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
    $53,621
    $1,211,736
    $2,124,754
    $3,336,490
    -
    $1,211,736
    $2,124,754
    $3,336,490

    Comparable in this City

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      64,391 SF

      9660 Hillcroft St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 64,391 SF
      9660 Hillcroft St, Houston, TX 77096-3856
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    • Value Estimation
      $5,105,000
      471,556 SF

      9009 Ww S Loop

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 471,556 SF
      9009 Ww S Loop, Houston, TX 77096-1719
      View Details
    • Value Estimation
      $1,235,000
      95,092 SF

      10103 Fondren Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 95,092 SF
      10103 Fondren Rd, Houston, TX 77096-4556
      View Details
    • Value Estimation by Request
      2,386 SF

      11000 Fondren Rd

      OFFICE BUILDING • 2,386 SF
      11000 Fondren Rd, Houston, TX 77096-5513
      View Details
    • Value Estimation
      $705,000
      17,405 SF

      11255 Fondren Rd

      MEDICAL BUILDING • 17,405 SF
      11255 Fondren Rd, Houston, TX 77096
      View Details
    • Value Estimation by Request
      2,250 SF

      5264 Beechnut St

      MEDICAL BUILDING • 2,250 SF
      5264 Beechnut St, Houston, TX 77096-1302
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      1.54 acres of land available.
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      View Details
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      Residential Lot in Meyerland

      Sprawling 10,286 sq ft lot in sought-after Meyerland.
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      Vacant Land For Sale

      Empty lot available for sale.
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      2,016 SF

      Retail Space Available For Sale

      Retail space available for sale in Houston, Texas.
      11290 Fondren Rd, Houston, TX 77096
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    • $24,000,000

      Former Saudi Aramco Headquarters

      Conversion opportunity: assisted-living, senior living, or memory care facility.
      9009 West Loop South, Houston, TX 77096
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building For Lease

      Office building with recent renovations available for lease.
      10101 Fondren Rd, Houston, TX 77096
      View Details
    • Contact for pricing
      19,336 SF

      Office Space with Onsite Amenities

      Office property for rent with onsite management and controlled access.
      10103 Fondren Rd, Houston, TX 77096
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Recently renovated office building with modern upgrades for lease.
      10103 Fondren Rd, Houston, TX 77096
      View Details
    • Contact for pricing
      8,436 SF

      Office Space with Excellent Amenities

      Office space for rent with on-site amenities and convenient location.
      10101 Fondren Rd, Houston, TX 77096
      View Details
    • Contact for pricing
      600 SF

      Meyerland Retail Space Available

      Retail space and pad site available in Meyerland community.
      10105 Post Oak Rd, Houston, TX 77096
      View Details
    • Contact for pricing

      Commercial Facility for Pet Operations

      Purpose-built facility for kennel, boarding, grooming, veterinary, or pet operations.
      11206 Cedarhurst Dr, Houston, TX 77096
      View Details
    View Listing
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    Houston, TX 77096
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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.

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    10101 Fondren Rd, Houston, TX, 77096
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