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14405 Walters Rd Houston, TX 77014

Office buildings Google Maps
153,056 SF 4.4 ac lot Built 1984
Individually Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$15.46M
Range $13.91M – $17.00M (±10%)
Property ID US83-2681797

Property summary

AI-generated overview

The Northwest Commerce Building, a Class C office property located at 14405 Walters Rd, Houston, TX 77014, offers a diverse range of office spaces suitable for various business needs. This ten-story building, constructed in 1984 and renovated the same year, boasts a total of 174,072 square feet. Spaces range from a minimum of 94 square feet to a maximum contiguous space of 14,415 square feet, with 70,311 square feet currently vacant. The building features ample parking (3.72 spaces per 1,000 square feet), elevators, and recently upgraded common areas including a beautifully landscaped exterior, an upscale renovated tenant center, and an upgraded outdoor patio area. On-site amenities include property maintenance, management, and leasing services, FedEx and mail drop boxes, and an on-site deli. Its convenient location on FM 1960, just off I-45 and Hwy 249, provides easy access to Methodist Willowbrook Hospital, Bush Intercontinental Airport, and Willowbrook Mall. The building caters to various tenancy types, including traditional office, executive office, and coworking spaces. This property presents a unique opportunity for businesses seeking quality, affordable office space in a prime Houston location.

Property profile

Verified
Property type Office buildings
Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built 1984
Construction STEEL FRAME
Total area 153,056 SF
Lot 4.4 ac (191,799 SF)
APN 1147690010001
UPID US83-2681797

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Physician
  • Financial Advisor
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Business Management Consultant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.39M
Blend (final) Blend
$15.46M

Owner & transaction history

since 2025
7 recorded transactions
2025
$72,000
2018
Price N/A
2017
$54,499
2007
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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