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    Property profile & analytics

    16666 Northchase Dr Houston, TX 77060

    • Office buildings
    • 151,262 SF
    • 3.13 lot acres
    For Lease
    View listing
    Value Estimations
    $595,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2032361
    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

    • Law Offices of Elida Aguilar & Kevin L. Hicks / Law Firm
    • 16666 Northchase Drive / Real Estate Agency
    • Roof Savers / Roofing Company / General Contractor
    • RFA Innovation / General Contractor
    • Gulf Valley Management, Inc. / Investment Bank / Investment Company

    Property Details for 16666 Northchase Dr

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    3.13 lot acres
    Property size
    151,262 SF
    Property type
    Office buildings
    APN
    1121160000004
    APU
    1121160000004

    Description

    This exceptional six-story Class B office building, totaling 147,135 square feet, presents a unique leasing opportunity. Built in 1985 and renovated in 2007, the property offers a range of configurations to suit various business needs. Currently, 131,075 square feet of space is available, divisible into units as small as 325 square feet, with a maximum contiguous space of 25,733 square feet. The building caters to both single and multi-tenant occupancy, offering traditional office spaces, executive suites, and coworking options. Amenities include convenient electronic access, a choice of open or closed office concepts, and the possibility of including existing furniture. The property boasts a prime location with direct access to I-45 and Beltway 8, ensuring easy commuting and proximity to the airport. Ample parking is available, with 15 surface spaces and 389 covered spaces. All pricing is negotiable, making this an attractive opportunity for businesses seeking a high-class, accessible, and adaptable workspace. On-site security provides peace of mind. Don't miss this chance to secure your ideal office space in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $694,000
      Market price range: $551k - $1.43M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $790,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.402
    Latitude
    29.9424
    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
    $76,464
    $816,750
    $3,408,250
    $4,225,000
    -
    $816,750
    $3,408,250
    $4,225,000

    Comparable in this City

    • Value Estimation
      $780,000
      251,916 SF

      16800 Greenspoint Park Dr

      OFFICE BUILDING • 251,916 SF
      16800 Greenspoint Park Dr, Houston, TX 77060-2304
      View Details
    • Value Estimation
      $925,000
      460,863 SF

      17001 Northchase Dr

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 460,863 SF
      17001 Northchase Dr, Houston, TX 77060-2141
      View Details
    • Value Estimation
      $785,000
      172,718 SF

      650 Sam Houston E Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 172,718 SF
      650 Sam Houston E Pkwy, Houston, TX 77060-5906
      View Details
    • Value Estimation
      $525,000
      60,480 SF

      11947 Nn Fwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 60,480 SF
      11947 Nn Fwy, Houston, TX 77060-1700
      View Details
    • Value Estimation
      $930,000
      217,930 SF

      222 Benmar Dr, Unit 1

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 217,930 SF
      222 Benmar Dr, Houston, TX 77060-2502
      View Details
    • Value Estimation by Request
      83,588 SF

      519 Sam Houston E Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 83,588 SF
      519 Sam Houston E Pkwy, Houston, TX 77060-4051
      View Details

    Similar Nearby for Sale

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      CityNorth 5: Class A Office Tower

      19-story Houston office building, vacant, 461,185 SF
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      10.99 Acres

      10.99 Acres Houston Commercial Land

      Prime Houston industrial land, excellent access.
      14661 Hardy Rd, Houston, TX 77060
      View Details
    • Contact for pricing

      3.3 Acres Commercial Land

      3.3 acres of commercial land with frontage on Beltway 8.
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      6.61+ acres with high visibility and development potential.
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    Similar Nearby for Lease

    • Contact for pricing
      120,000 SF

      Class A Office Building

      Bank-anchored Class A office building with various suite sizes.
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      46,079 SF

      Executive Suites in Houston, TX

      Prestigious office space, flexible sizes, ample parking.
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      View Details
    • $10 SF/Yr
      177,781 SF

      North Houston Office Space

      Prime North Houston office suites, flexible sizes.
      340-350 Sam Houston Pkwy, Houston, TX 77060
      View Details
    • $4 SF/Yr
      6,033 SF

      Houston Office Space for Lease

      Flexible Workspaces in Prime Location
      16510 Northchase Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      25,733 SF

      North Houston Office Space Available

      Secured campus environment with direct access to major highways.
      16666 Northchase Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      710 SF

      Professional Office Space Available

      Office space for lease with convenient access to major freeways.
      440 Benmar Dr, Houston, TX 77060
      View Details
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    Houston, TX 77060
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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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