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    10300 Town Park Dr Houston, TX 77036
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    Property profile & analytics

    10300 Town Park Dr Houston, TX 77036

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    • Office buildings
    • 158,361 SF
    • 19.28 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Office Space for Lease For Lease
    $19 SF/Yr
    6,766 SF

    Office Space for Lease

    6,766 SF office space available for lease.

    10300 Town Park Drive, Houston, TX
    View Listing
    Property ID
    US82-2589985
    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

    • CGG / Oil & Natural Gas Company
    • SGS North America Inc. / Business To Business Service
    • BCS Systems Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • BES Engineering / Engineer
    • TUV Rheinland AIA Services, LLC / Business To Business Service

    Property Details for 10300 Town Park Dr

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    19.28 lot acres
    Property size
    158,361 SF
    Property type
    Office buildings
    APN
    1281440010001
    APU
    1281440010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $32,840,000
      6.5%
      $30,310,000
      7%
      $28,145,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5618
    Latitude
    29.7132
    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
    $877,994
    $12,596,970
    $51,897,402
    $64,494,372
    -
    $12,596,970
    $51,897,402
    $64,494,372

    Comparable in this City

    • Value Estimation
      $2,810,000
      16,136 SF

      11122 Bellaire Blvd

      OFFICE BUILDING • 16,136 SF
      11122 Bellaire Blvd, Houston, TX 77072-2608
      View Details
    • Value Estimation
      $2,290,000
      20,000 SF

      10401 Town Park Dr

      OFFICE BUILDING • 20,000 SF
      10401 Town Park Dr, Houston, TX 77072-5219
      View Details
    • Value Estimation
      $13,030,000
      135,319 SF

      8101 Sam Houston S Pkwy

      OFFICE BUILDING • 135,319 SF
      8101 Sam Houston S Pkwy, Houston, TX 77072-5077
      View Details
    • Value Estimation
      $1,340,000
      12,000 SF

      12455 Beechnut St

      OFFICE BUILDING • 12,000 SF
      12455 Beechnut St, Houston, TX 77072-3948
      View Details
    • Value Estimation
      $18,370,000
      296,546 SF

      5995 Rogerdale Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 296,546 SF
      5995 Rogerdale Rd, Houston, TX 77072-1601
      View Details
    • Value Estimation
      $19,000,000
      206,816 SF

      6380 Rogerdale Rd

      OFFICE BUILDING • 206,816 SF
      6380 Rogerdale Rd, Houston, TX 77072-1624
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      1,100 SF

      Office Unit For Sale

      Office unit with 1,100 square feet of space.
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      5,000 SF

      Houston Chinatown Retail & Office

      Three-story, fully leased retail and office condominium in Houston's Chinatown.
      12989 Bellaire Blvd, Houston, TX 77072
      View Details
    • Contact for pricing
      542 SF

      Office Space in International District

      Office space for rent in Houston's International District.
      11116 Bellaire Blvd, Houston, TX 77072
      View Details
    • Contact for pricing

      Established Auto Shop Business Opportunity

      Profitable auto shop for sale with established clientele and equipment.
      6116 S Dairy Ashford Rd, Houston, TX 77072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      568,458 SF

      Houston Office Building For Rent

      Office building with on-site property management in Houston, TX.
      10200 Bellaire Blvd, Houston, TX 77072
      View Details
    • Contact for pricing
      202,095 SF

      Westchase District Office Space

      Office building in Westchase District with large floor plates.
      6380 Rogerdale Rd, Houston, TX 77072
      View Details
    • Contact for pricing

      Freestanding Building in Growing District

      Dynamic location with ample parking and secure environment.
      11950 Alief Clodine Rd, Houston, TX 77072
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    • Contact for pricing

      West Houston Office Space Available

      Office spaces for medical professionals and business owners.
      6498 Wilcrest Dr, Houston, TX 77072
      View Details
    • Contact for pricing
      7,761 SF

      Office Space with Beltway Exposure

      Office space for rent with controlled access and signage.
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      View Details
    • Contact for pricing

      Retail, Restaurant, and Office Space

      Retail, restaurant, and office spaces available in high-traffic Asian mall.
      11205 Bellaire Blvd, Houston, TX 77072
      View Details
    View Listing
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    Houston, TX 77036
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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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