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    FOR SALE
    Office buildings

    2900 Wilcrest Dr, Houston, TX 77042

    121,940 SF 4.23 ac lot Built 1982
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US82-4237206
    Property summary
    AI-generated overview

    This exceptional Class B multi-tenant office building, located at 2900 Wilcrest Drive in the desirable Westchase District of Harris County, offers 124,954 square feet of prime office space. The building boasts a convenient location between Westheimer and Richmond, with easy access to Beltway 8. Nine spaces are currently available, ranging in size from 526 to 29,967 square feet, catering to a variety of business needs. Recent improvements include a complete lobby renovation in 2016, enhancing the professional atmosphere. Tenants enjoy a range of amenities, including secure card key access after hours, on-site management and security personnel, and ample free covered parking with a generous 3.80 spaces per 1,000 square feet ratio. Additional conveniences include a mail room with FedEx drop-off and daily pickup, a vending area, and the proximity to numerous hotels and restaurants within a one-mile radius. This property presents a fantastic opportunity for businesses seeking a well-maintained, amenity-rich office space in a thriving Westchase submarket.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1982
    Construction STEEL FRAME
    Total area 121,940 SF
    Lot 4.23 ac (184,294 SF)
    APN 1144110060001
    UPID US82-4237206
    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
    Current use
    Occupant on record · Public records
    • EnerGenie Electric Utility Company
    • Kent & Kent Inc Architect
    • Nettie Ramsay Wellness Consultations Wellness Program
    • Vacation Packages Online Travel Agency
    • MTZ Law Group Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $950k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $865k
    Blend (final) Blend
    $905k
    Owner & transaction history
    Investcorp Financial Group Ltd · 8 yrs held
    Investcorp Financial Group Ltd
    since 2017
    7 recorded transactions
    2017
    2016
    2016
    2016
    2016
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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