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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office buildings
16060 Dillard Dr Jersey Village, TX 77040-2083
Individually Owned
Absentee Owner
Free & Clear
Property ID
US82-6404938
Property summary
AI-generated overview
This exceptional Class A office sublease opportunity is located at 16060 Dillard Drive in Jersey Village, Texas, 77040. Situated on a 1.5-acre lot, this single-tenant space offers 5,954 to 7,644 square feet within a larger 23,600 square foot building. The building, constructed in 2018, boasts a two-story design and features high-grade finishes throughout. Ideal for businesses seeking a suburban work environment, this property is located in Harris County and offers convenient access. Building amenities include a welcoming reception area, a dedicated conferencing facility, and secure controlled access for enhanced safety and privacy. The property type is classified as both Traditional and Executive Office space, catering to a variety of business needs. This is a rare opportunity to secure a well-appointed, modern office space in a desirable location. The total vacant square footage available for sublease is 7,644 square feet.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2016
Construction
STEEL FRAME
Total area
24,000 SF
Lot
1.51 ac (65,776 SF)
APN
1241330040001
UPID
US82-6404938
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$725k
Owner & transaction history
WALLACE DILLARD
WALLACE DILLARD
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$845,000
+65.2%
Warehouse, storage
$820,000
+60.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jersey Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jersey Village submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$510,000
Current use
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +65% · Conversion: Easy
WAREHOUSE, STORAGE
$820,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$30 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$63,227
Tax year 2022
Assessed value
$4,888,349
Assessed 2024
Previous assessed
$4,564,510
+7.1% YoY
Effective rate
1.29%
On assessed value
Assessed land
$526,208
Assessed improvement
$4,362,141
Land market value
$526,208
Improvement market value
$4,362,141
Total market value
$4,888,349
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
24,000 SF
Lot
1.51 ac (65,776 SF)
APN
1241330040001
UPID
US82-6404938
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$510,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$820,000
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
WALLACE DILLARD
Individual
Free & Clear · 0 yrs held
Mailing address
8505 WYNDHAM CT STE #200, JERSEY VILLAGE, TX 77040-1139
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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