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    17314 State Highway 249 Houston, TX 77064
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    Property profile & analytics

    17314 State Highway 249 Houston, TX 77064

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    • Office buildings
    • 50,419 SF
    • 2.24 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Highway 249 Office Space Available For Lease
    $20 SF/Yr
    47,995 SF

    Highway 249 Office Space Available

    Office spaces available for lease near Willowbrook Mall.

    17314 State Highway 249, Houston, TX 77064
    View Listing
    Property ID
    US82-2688726
    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

    • Office buildings

    Property Details for 17314 State Highway 249

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    2.24 lot acres
    Property size
    50,419 SF
    Property type
    Office buildings
    APN
    1157820010003
    APU
    1157820010003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5409
    Latitude
    29.9565
    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
    $53,549
    $1,460,400
    $2,474,753
    $3,935,153
    -
    $1,460,400
    $2,474,753
    $3,935,153

    Comparable in this City

    • Value Estimation
      $10,720,000
      185,655 SF

      9420 Sam Houston W Pkwy

      OFFICE BUILDING • 185,655 SF
      9420 Sam Houston W Pkwy, Houston, TX 77064
      View Details
    • Value Estimation
      $17,100,000
      165,015 SF

      10344 Sam Houston Park Dr

      OFFICE BUILDING • 165,015 SF
      10344 Sam Houston Park Dr, Houston, TX 77064-4665
      View Details
    • Value Estimation
      $5,240,000
      31,383 SF

      9340 Derrington Rd

      OFFICE BUILDING • 31,383 SF
      9340 Derrington Rd, Houston, TX 77064-6002
      View Details
    • Value Estimation by Request
      37,402 SF

      7840 Sam Houston W Pkwy

      OFFICE BUILDING • 37,402 SF
      7840 Sam Houston W Pkwy, Houston, TX 77064-3503
      View Details
    • Value Estimation
      $4,145,000
      41,825 SF

      9977 Sam Houston N Pkwy

      OFFICE BUILDING • 41,825 SF
      9977 Sam Houston N Pkwy, Houston, TX 77064-7509
      View Details
    • Value Estimation
      $1,245,000
      6,032 SF

      8125 Sam Houston W Pkwy

      OFFICE BUILDING • 6,032 SF
      8125 Sam Houston W Pkwy, Houston, TX 77064-3450
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Warehouse in Northwest Houston

      14,575 SF office warehouse with Beltway 8 access.
      11312 Windfern Rd, Houston, TX 77064
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    • Contact for pricing

      Office/Warehouses Near BW8 & SH249

      Three office/warehouses on 1.21 acres with easy highway access.
      6690 North Sam Houston Pkwy W, Houston, TX 77064
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      Land with Billboard Income Potential

      0.85+/- acres on SH 249 with billboard leases.
      Tx-249, Houston, TX 77064
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      Crane Ready Office Warehouse

      Office warehouse available for sale or lease on Breen Road.
      7918-7946 Breen Rd, Houston, TX 77064
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    • $1,395,000

      Commercial Land Opportunity on Gessner

      2.91 acre commercial lot with high visibility and access.
      9535 Zaka Rd, Houston, TX 77064
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    Similar Nearby for Lease

    • Contact for pricing

      Office Building with Warehouse Potential

      Office building with private offices and potential warehouse space.
      10002 Windfern Rd, Houston, TX 77064
      View Details
    • Contact for pricing

      Willowbrook Building Office Space

      Class B office building with move-in ready suites for rent.
      7915 Farm To Market 1960 Rd W, Houston, TX 77064
      View Details
    • Contact for pricing
      27,860 SF

      Office Space Available for Rent

      Office building with 27,860 square feet available for lease.
      10343 Sam Houston Park Dr, Houston, TX 77064
      View Details
    • Contact for pricing
      27,860 SF

      Class A Office Building

      Class A office building with direct access to Beltway 8.
      10343 Sam Houston Park Dr, Houston, TX 77064
      View Details
    • Contact for pricing
      5,400 SF

      Windfern Road Flex Space Available

      5,400 SF flex space with office and outside storage.
      10023 Windfern Rd, Houston, TX 77064
      View Details
    • Contact for pricing
      4,526 SF

      Fallbrook Drive Flex Space Available

      Flex space available for rent in Houston, Texas.
      8831-8833 Fallbrook Dr, Houston, TX 77064
      View Details
    View Listing
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    Houston, TX 77064
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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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