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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3000 Wilcrest Dr Houston, TX 77042

    • Office buildings
    • 84,046 SF
    • 3.24 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Last Sale
    Dec 09, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3510848
    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

    • Terra Surveying Co Inc / Land Surveyor
    • Our crown / Hair Salon
    • Galer Law Firm / Law Firm
    • Al-Jazrawi Joy / Law Firm
    • Primerica Financial Services / Financial Advisor

    Property Details for 3000 Wilcrest Dr

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    3.24 lot acres
    Property size
    84,046 SF
    Property type
    Office buildings
    APN
    1144110060006
    APU
    1144110060006

    Description

    This three-story, Class B office building in Houston's Westchase District offers 24,056 square feet of immediately available space, ranging from 890 to 13,919 square feet. The 67,780-square-foot building, constructed in 1981, boasts 11-foot ceilings and abundant natural light. Multiple tenancy options are available, including move-in ready spec suites and customizable spaces to suit various business needs. Executive suites are also available, starting at $400 per month, with all utilities included. The property sits on 3.24 acres and provides 202 parking spaces, with reserved parking available for an additional $25 per month. Its convenient location offers prime access to Interstate 10, Beltway 8, and Highway 6, placing tenants near numerous shopping, dining, and residential amenities. This exceptional location in the coveted Westchase District makes it an ideal choice for businesses seeking a productive and accessible workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5724
    Latitude
    29.731
    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
    $57,979
    $2,113,755
    $2,300,418
    $4,414,173
    -
    $2,113,755
    $2,300,418
    $4,414,173

    Comparable in this City

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    • Value Estimation
      $615,000
      47,348 SF

      2424 Wilcrest Dr

      OFFICE BUILDING • 47,348 SF
      2424 Wilcrest Dr, Houston, TX 77042-2761
      View Details
    • Value Estimation
      $905,000
      121,940 SF

      2900 Wilcrest Dr, Unit 266

      OFFICE BUILDING • 121,940 SF
      2900 Wilcrest Dr, Houston, TX 77042-6032
      View Details
    • Value Estimation
      $3,010,000
      152,924 SF

      10260 Westheimer Rd

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 152,924 SF
      10260 Westheimer Rd, Houston, TX 77042-3110
      View Details
    • Value Estimation
      $695,000
      46,368 SF

      10011 Meadowglen Ln

      OFFICE BUILDING • 46,368 SF
      10011 Meadowglen Ln, Houston, TX 77042-3710
      View Details
    • Value Estimation
      $8,380,000
      284,000 SF

      3600 Sam Houston S Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 284,000 SF
      3600 Sam Houston S Pkwy, Houston, TX 77042-5096
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Office building with 130,835 square feet of space.
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      Office Building Near Beltway 8

      95,170 SF office building for sale near Beltway 8.
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      124,600 SF

      Westchase Multi-Tenant Office Redevelopment

      Multi-tenant office building with high visibility and redevelopment potential.
      2900 Wilcrest Dr, Houston, TX 77042
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    • $179,000

      Stylish Condo with Modern Design

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      9800 Pagewood Ln, Houston, TX 77042
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    • $900,000
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      Parking Lot on Wilcrest Drive

      3,600 SF parking lot with utilities on Wilcrest Drive.
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      Spacious 2-bedroom condo with pools and tennis courts.
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    Similar Nearby for Lease

    • $19 SF/Yr
      118,259 SF

      Westchase Office Building For Lease

      Houston office building with renovated amenities and convenient location.
      11000 Richmond Ave, Houston, TX 77042
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    • $16 SF/Yr
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      Richmond Avenue Office Space Available

      Nine-story office building in Houston's Westchase District for lease.
      11011 Richmond Ave, Houston, TX 77042
      View Details
    • $17 SF/Yr
      75,037 SF

      Houston Office Building: Wilcrest Dr

      Prime Houston office space, 17 suites available.
      3200 Wilcrest Dr, Houston, TX 77042, Houston, TX 77042
      View Details
    • $20 SF/Yr
      177,397 SF

      Westchase District Office Space Available

      Office building in Houston's Westchase District with amenities.
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      View Details
    • $5 SF/Yr
      107,016 SF

      Renovated Westchase Office Building

      Renovated office building in Westchase with excellent access and amenities.
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    • $15 SF/Yr
      124,954 SF

      SilverStone Office: Westchase Gem

      Class B Office Space, Westchase District
      2900 Wilcrest Dr, Houston, TX 77042
      View Details
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    Houston, TX 77042
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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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