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    14405 Walters Rd Houston, TX 77014
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    Property profile & analytics

    14405 Walters Rd Houston, TX 77014

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    • Office buildings
    • 153,056 SF
    • 4.40 lot acres
    For Lease
    $15,455,000
    View Listing →
    Professional Office Space Available For Lease
    $15,455,000

    Professional Office Space Available

    Quality, affordable office space with ample parking and convenient location.

    14405 Walters Rd, Houston, TX 77014
    View Listing
    Property ID
    US83-2681797
    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

    • Reverse Mortgage Solutions / Loan Service / Bank
    • KAY Psychiatric Center PLLC / Physician
    • Allstate Personal Financial Representative: Ryan Lansford / Financial Advisor
    • Houston Website Hosting / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Effective Integrations, LLC / Business Management Consultant

    Property Details for 14405 Walters Rd

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    4.40 lot acres
    Property size
    153,056 SF
    Property type
    Office buildings
    APN
    1147690010001
    APU
    1147690010001

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $16,388,000
      Market price range: $12.2M - $70.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4844
    Latitude
    29.9926
    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
    $39,930
    $1,534,392
    $3,211,867
    $4,746,259
    -
    $1,534,392
    $3,211,867
    $4,746,259

    Comparable in this City

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      14340 Sylvanfield Dr

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    • Value Estimation
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      8,713 SF

      14423 Cornerstone Vlg Dr

      OFFICE BUILDING • 8,713 SF
      14423 Cornerstone Vlg Dr, Houston, TX 77014-1206
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    • Value Estimation
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      45,328 SF

      14300 Cornerstone Vlg Dr

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    • Value Estimation
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      11,284 SF

      12701 Veterans Memorial Dr

      OFFICE BUILDING • 11,284 SF
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      View Details
    • Value Estimation
      $625,000
      3,296 SF

      14550 Frst Br Blvd

      OFFICE BUILDING • 3,296 SF
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      View Details

    Similar Nearby for Sale

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      8,713 SF

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      Adaptable 8,713 SF building suitable for offices or education.
      14423 Cornerstone Village Dr, Houston, TX 77014
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      7,515 SF

      Northwest Houston Office Building

      Second-generation office building available for sale or lease in Houston.
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      650 SF

      Office Unit in Gated Park

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      1,538 SF

      Professional Office Unit For Sale

      Office unit with reception, offices, kitchenette, and bathrooms.
      14339 Torrey Chase Blvd, Houston, TX 77014
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    • $215,000
      1,538 SF

      Professional Office Space For Sale

      1538 SF office space with tenant in place.
      14339 Torrey Chase Blvd, Houston, TX 77014
      View Details
    • Contact for pricing

      Prime Land in Houston

      3.867 acres with high traffic counts on Bammel North.
      Bammel North Houston Rd, Houston, TX 77014
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Space Available

      Quality, affordable office space with ample parking and convenient location.
      14405 Walters Rd, Houston, TX 77014
      View Details
    • Contact for pricing

      Office Building with Atrium Lobby

      Office building featuring an atrium lobby and corner balconies.
      14505 Torrey Chase Blvd, Houston, TX 77014
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      Office Spaces Available for Rent

      Office spaces available, ranging from 1,704 to 15,281 SqFt.
      14340 Torrey Chase Blvd, Houston, TX 77014
      View Details
    • Contact for pricing
      1,370 SF

      Office Space for Lease

      Office unit available for rent with 1370 square feet.
      14511 Falling Creek Dr, Houston, TX 77014
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      Office Space Available For Lease

      Office space for lease at 14425 Torrey Chase Blvd.
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      Office Space Available For Lease

      Office space for lease at 14511 Falling Creek Dr.
      14511 Falling Creek Dr, Houston, TX 77014
      View Details
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    Houston, TX 77014
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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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