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    3737 Buffalo Speedway Houston, TX 77098

    • Office buildings
    • 698,260 SF
    • 3.57 lot acres
    For Lease
    View listing
    Last Sale
    Apr 07, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-9422905
    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

    • Houston Trust Company / Bank / Credit Union
    • Olivia Carbajal de Garcia at Ytterberg Deery Knull LLP / Law Firm
    • Eunice / Restaurant
    • WizeHire / (Bike/Boat/Book/etc) Store / Corporate Office
    • burnett law firm 832-413-4410 / Law Firm

    Property Details for 3737 Buffalo Speedway

    Year built
    2014
    Construction
    STEEL FRAME
    Lot size
    3.57 lot acres
    Property size
    698,260 SF
    Property type
    Office buildings
    APN
    1339250010002
    APU
    1339250010002

    Description

    This exceptional Class A executive office suite, located at 3737 Buffalo Speedway in Houston, Texas, offers 3,061 square feet of immediately available space within a larger 390,919 square foot building. Situated in Harris County, zip code 77098, this property boasts a desirable location. The suite features a mostly open floor plan ideal for collaborative work environments, complemented by stained concrete flooring for a modern aesthetic. Privacy is ensured with two enclosed private offices, each featuring glass walls for natural light and a sense of openness. A striking all-glass conference room provides a professional setting for meetings and presentations. The building itself is a multi-tenant property, offering the benefits of a shared environment with the privacy of a dedicated suite. This is a rare opportunity to secure high-quality, move-in ready office space in a prime Houston location. The property's ample square footage provides flexibility for various business needs and configurations. The address is easily accessible and well-suited for businesses seeking a prestigious and functional workspace. This executive office suite represents a unique chance to establish a strong presence in a thriving Houston business district. Contact us today to schedule a viewing and secure this exceptional opportunity.

    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
    -95.4283
    Latitude
    29.7332
    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
    $3,086,774
    $15,533,900
    $126,742,901
    $142,276,801
    -
    $15,533,900
    $126,742,901
    $142,276,801

    Comparable in this City

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      4200 Shepherd Dr

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    • Value Estimation
      $1,460,000
      80,044 SF

      3801 Kirby Dr, Unit 375

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 80,044 SF
      3801 Kirby Dr, Houston, TX 77098-4100
      View Details
    • Value Estimation
      $1,295,000
      29,354 SF

      2243 Milford St

      OFFICE BUILDING • 29,354 SF
      2243 Milford St, Houston, TX 77098-5207
      View Details
    • Value Estimation
      $530,000
      7,216 SF

      2301 Portsmouth St

      OFFICE BUILDING • 7,216 SF
      2301 Portsmouth St, Houston, TX 77098-3901
      View Details
    • Value Estimation
      $2,330,000
      182,689 SF

      3336 Richmond Ave

      OFFICE BUILDING • 182,689 SF
      3336 Richmond Ave, Houston, TX 77098-3017
      View Details

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      Shepherd Dr Commercial Land

      Houston, TX: Prime 0.22-acre lot.
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      Retail Opportunity on Shepherd Drive

      Retail property available for sale on Shepherd Drive, Houston.
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    Similar Nearby for Lease

    • Contact for pricing
      3,443 SF

      Class A+ Office Building

      18-story office building with panoramic views and on-site amenities.
      3737 Buffalo Speedway, Houston, TX 77098
      View Details
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      Class A Office and Retail

      Mixed-use development with Class A office and high-end retail.
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      56,680 SF

      Office Building for Lease

      Full office building available for lease in Houston, Texas.
      3131 W Alabama St, Houston, TX 77098
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    • $6 SF/Yr
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      Prime Houston Office Space

      Upper Kirby District, flexible suites
      2925 Richmond Ave, Houston, TX 77098
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      4,170 SF

      Office Space Available For Rent

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    • $42 SF/Yr
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      Prime Upper Kirby Office Space

      Versatile Office Building, High Visibility, Ample Parking
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      View Details
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    Houston, TX 77098
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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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