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17001 Northchase Dr Houston, TX 77060-2141

OFF-MARKET Office buildings Google Maps
460,863 SF 2.81 ac lot Built 1992
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$925k
Range $833k – $1.02M (±10%)
Property ID US82-4018289

Property summary

AI-generated overview

This exceptional Class A office building, CityNorth 5, presents a unique investment opportunity. Located at 17001 Northchase Drive in Houston, Texas, this 19-story tower boasts 461,185 square feet of vacant space, offering significant repositioning potential. Constructed in 1992 on a 2.81-acre lot, the property benefits from a strategic location off I-45 and Beltway 8, providing convenient access to George Bush Intercontinental Airport and Downtown Houston. The building's modern amenities include a fitness center, conference rooms, and advanced security systems. Recent renovations have upgraded the façade, outdoor areas, and lobby, including a new tenant lounge. Achieving LEED Gold certification in 2014, CityNorth 5 is well-positioned to capitalize on the ongoing redevelopment efforts within the North Houston District. The property's size and prime location offer substantial opportunities to attract new tenants and adapt to evolving market demands. Potential access to economic development incentives further enhances its appeal. This is a rare chance to acquire a significant asset in a thriving Houston submarket. The property is currently vacant, allowing for immediate implementation of modernization and repositioning strategies.

Property profile

Verified
Property type Office buildings
Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built 1992
Construction STEEL & CONCRETE
Total area 460,863 SF
Lot 2.81 ac (122,499 SF)
APN 1121140000001
UPID US82-4018289

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Title Company
  • Hardware & Home Improvement Interior Design
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$925k

Owner & transaction history

since 2017
4 recorded transactions
2019
Price N/A
2017
Price N/A
2016
$77.5M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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