Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14788 Heathrow Forest Pkwy Houston, TX 77032

    • Office buildings
    • 19,776 SF
    • 3.00 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5390637
    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.

    Current Use by Public Records

    • Chipolbrok America Inc / Shipping Company

    Property Details for 14788 Heathrow Forest Pkwy

    Year built
    2011
    Construction
    STEEL FRAME
    Lot size
    3.00 lot acres
    Property size
    19,776 SF
    Property type
    Office buildings
    APN
    1323230010001
    APU
    1323230010001

    Description

    This exceptional Class A executive office space, located at 14788 Heathrow Forest Parkway in Houston, Texas, offers 3,214 square feet of immediately available space within a larger 14,338 square foot building. The property is situated in Harris County, zip code 77032, and boasts a convenient 3.6 parking spaces per 1,000 square feet. Ideal for businesses seeking a prestigious address and ample workspace, this multi-tenant building provides a professional environment. The available space is perfect for a variety of executive office needs, offering flexibility and the potential for customization. The building's "A" classification signifies its high-quality construction, modern amenities, and prime location. With easy access to major transportation routes, this property offers unparalleled convenience for employees and clients alike. The ample parking ensures convenient access for everyone. This is a rare opportunity to secure a significant amount of high-quality office space in a desirable Houston location. Don't miss out on this chance to establish your business in a thriving area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3237
    Latitude
    29.9334
    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
    $44,055
    $1,045,440
    $2,772,244
    $3,817,684
    -
    $1,045,440
    $2,772,244
    $3,817,684

    Comparable in this City

    • Value Estimation
      $655,000
      60,440 SF

      15109 Heathrow Frst Pkwy

      OFFICE BUILDING • 60,440 SF
      15109 Heathrow Frst Pkwy, Houston, TX 77032-3887
      View Details
    • Value Estimation by Request
      23,714 SF

      14120 Interdrive E

      OFFICE BUILDING • 23,714 SF
      14120 Interdrive E, Houston, TX 77032-3324
      View Details
    • Value Estimation by Request
      22,692 SF

      3808 World Houston Pkwy

      OFFICE BUILDING • 22,692 SF
      3808 World Houston Pkwy, Houston, TX 77032-2475
      View Details
    • Value Estimation by Request
      1,400 SF

      15300 Tallshadows Dr

      OFFICE BUILDING • 1,400 SF
      15300 Tallshadows Dr, Houston, TX 77032-1832
      View Details
    • Value Estimation
      $710,000
      60,550 SF

      4005 Grns Rd

      OFFICE BUILDING • 60,550 SF
      4005 Grns Rd, Houston, TX 77032-2333
      View Details
    • Value Estimation
      $710,000
      78,226 SF

      4101 Interwood N Pkwy

      OFFICE BUILDING • 78,226 SF
      4101 Interwood N Pkwy, Houston, TX 77032-3884
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.00 Acres

      IAH Airport Area Land - 3 Acres

      Prime Houston location, high traffic, divisible land.
      TX-8 Beltway, Houston, TX 77032
      View Details
    • Contact for pricing

      Houston Commercial Land - Hardy Airport Access

      2.4-acre commercial lot, ideal location.
      16227 Waverly Dr, Houston, TX 77032
      View Details
    • Contact for pricing

      2.4 AC Raw Land Available

      2.4 AC of raw land on a hard corner.
      16227 Waverly Dr, Houston, TX 77032
      View Details
    • Contact for pricing
      6 SF

      Prime Land Near IAH Airport

      6-acre commercial land near IAH Airport with development potential.
      1910 N Sam Houston Pkwy E, Houston, TX 77032
      View Details
    • $227,499

      Unrestricted Duplex Near IAH Airport

      Duplex near IAH airport with easy access to Beltway 8.
      5518 Farley Dr, Houston, TX 77032
      View Details
    • Contact for pricing

      Sheraton Near Houston Airport

      419-room Sheraton near George Bush Intercontinental Airport (IAH).
      15700 John F. Kennedy Blvd, Houston, TX 77032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      114,000 SF

      Office Building with Beltway Signage

      Office building featuring controlled access, on-site management, and security.
      15311 Vantage Pkwy W, Houston, TX 77032
      View Details
    • Contact for pricing
      4,412 SF

      North Houston Flex Space Available

      Flex space near Bush IAH with office and warehouse components.
      4560 Kendrick Plaza Dr, Houston, TX 77032
      View Details
    • Contact for pricing
      47,037 SF

      Houston Executive Office/Warehouse

      Large space, high ceilings, 13 docks.
      15892 Diplomatic Plaza Dr, Houston, TX 77032
      View Details
    • $19 SF/Yr
      146,685 SF

      Executive Suites in Houston

      Class A Office Space, 3 Suites Available
      14950 Heathrow Forest Pkwy, Houston, TX 77032
      View Details
    • Contact for pricing
      3,075 SF

      Houston Flex Office Space for Lease

      Prime Houston flex space, multiple suites available.
      3955 World Houston Pkwy, Houston, TX 77032
      View Details
    • Contact for pricing
      47,037 SF

      North Houston Warehouse with Truck Apron

      47,037 SF warehouse with fenced truck apron near IAH.
      15892 Diplomatic Plaza Dr, Houston, TX 77032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14788 Heathrow Forest Pkwy
    Houston, TX 77032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.