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    16225 Park Ten Pl, Unit 500 Houston, TX 77084

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    16225 Park Ten Pl, Unit 500 Houston, TX 77084

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    • Office buildings
    • 181,684 SF
    • 3.27 lot acres
    For Lease
    $11,850,000
    View Listing →
    Park Ten Place For Lease
    $11,850,000

    Park Ten Place

    Discover many ways to work your way in Waterside Center

    16225 Park Ten Pl, Unit 500, Houston, TX 77084
    View Listing
    Property ID
    US82-0863744
    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

    • Amromco Energy LLC / Auto Repair Shop
    • AVTS / Film Production / Television Studio
    • Deborah Gennero, DDS AAACD FAGD / Dental Office
    • Mclaren Software / (Bike/Boat/Book/etc) Store / Corporate Office
    • OVS Group / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 16225 Park Ten Pl

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    3.27 lot acres
    Property size
    181,684 SF
    Property type
    Office buildings
    APN
    1145020000006
    APU
    1145020000006

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $11,852,000
      Market price range: $2.44M - $52.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6638
    Latitude
    29.7861
    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
    $341,268
    $3,561,675
    $12,138,325
    $15,700,000
    -
    $3,561,675
    $12,138,325
    $15,700,000

    Comparable in this City

    • Value Estimation
      $3,800,000
      148,141 SF

      15721 Park Row

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 148,141 SF
      15721 Park Row, Houston, TX 77084-7207
      View Details
    • Value Estimation
      $2,310,000
      9,200 SF

      15366 Park Row

      OFFICE BUILDING • 9,200 SF
      15366 Park Row, Houston, TX 77084-2887
      View Details
    • Value Estimation
      $3,340,000
      127,246 SF

      16900 Park Row, Unit 1

      OFFICE BUILDING • 127,246 SF
      16900 Park Row, Houston, TX 77084-4920
      View Details
    • Value Estimation
      $23,240,000
      207,444 SF

      17420 Park Row, Unit 581

      OFFICE BUILDING • 207,444 SF
      17420 Park Row, Houston, TX 77084
      View Details
    • Value Estimation
      $1,825,000
      44,960 SF

      16211 Park 10th Pl

      OFFICE BUILDING • 44,960 SF
      16211 Park 10th Pl, Houston, TX 77084-7016
      View Details
    • Value Estimation
      $3,650,000
      140,110 SF

      16001 Park 10th Pl

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 140,110 SF
      16001 Park 10th Pl, Houston, TX 77084-5135
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Building with Office Space

      83,604 SF industrial building with office and warehouse space.
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      Office/Medical Space For Sale

      Office and medical space available for purchase.
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    • $8,000,000
      14,000 SF

      Katy Fwy Medical/Retail Center

      New Construction, High-Growth Area
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      Energy Corridor Development Site

      Development site in Houston's Energy Corridor near major thoroughfares.
      Park Row Blvd, Houston, TX 77084
      View Details

    Similar Nearby for Lease

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      Highway 6 Office Building

      Office building with ample parking and highway visibility.
      4600 State Highway 6 N, Houston, TX 77084
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    • Contact for pricing

      Energy Corridor Office Building

      Three-story office building with easy access to Interstate 10.
      16360 Park Ten Pl, Houston, TX 77084
      View Details
    • $22 SF/Yr
      29,976 SF

      Office Building in Park Ten

      Three-story office building in the Energy Corridor submarket.
      16340 Park 10 Pl Dr, Houston, TX 77084
      View Details
    • Contact for pricing

      Office Space with Collaboration Areas

      Office building featuring collaboration areas and onsite conference center.
      15721 Park Row, Houston, TX 77084
      View Details
    • Contact for pricing

      Office Space Sublease Opportunity

      Sublease available through January 2027 with parking.
      15810 Park Ten Pl, Houston, TX 77084
      View Details
    • Contact for pricing

      Two-Story Office Building For Rent

      Two-story office building in the Energy Corridor submarket.
      16350 Park Ten Pl, Houston, TX 77084
      View Details
    View Listing
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    Houston, TX 77084
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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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