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

    4000 Washington Ave Houston, TX 77007

    • Office buildings
    • 33,750 SF
    • 2.02 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4158234
    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

    • Eagle View Recruiting / Employment Agency
    • Dr. Tarek G. Defrawi, MD / Emergency Care Physician
    • ACTIV Rehab and Wellness / Chiropractor / Massage Therapist
    • Paul Vincent at PrimeLending / Mortgage Lender
    • Riaz Pooran, Home Loans, PrimeLending / Mortgage Lender

    Property Details for 4000 Washington Ave

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    2.02 lot acres
    Property size
    33,750 SF
    Property type
    Office buildings
    APN
    1293370010001
    APU
    1293370010001

    Description

    This exceptional office space, located at 4000 Washington Avenue in Houston, Texas, offers a variety of leasing options within a vibrant multi-use building. The property, constructed in 2008, boasts a total of 42,506 square feet across three stories, situated on a generous 2.02-acre lot in Harris County. Currently, there are 3,499 square feet of vacant office space available, ranging from 1,112 square feet to the full vacant area. The building's design caters to diverse business needs, accommodating traditional, executive, and creative office setups. Its location on Washington Avenue, between Bonner Street and Levekuhn Street, provides excellent visibility and accessibility, making it ideal for businesses seeking increased exposure. The single building offers multiple tenancy options, providing flexibility for businesses of various sizes. This is a fantastic opportunity to secure modern, well-located office space in a thriving Houston neighborhood, with zip code 77007. The property's strategic location offers significant advantages for businesses seeking high visibility and convenient access to key transportation routes and amenities. The available space is ready for immediate occupancy and offers a unique chance to establish a presence in a dynamic and desirable area of Houston.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,146,000
      Market price range: $960k - $3.15M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,670,000
      AUTO REPAIR, GARAGE
      $3,150,000
      RETAIL STORES
      $2,820,000
      WAREHOUSE, STORAGE
      $2,200,000
      MEDICAL BUILDING
      $2,155,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4016
    Latitude
    29.7704
    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
    $254,830
    $8,342,235
    $3,749,992
    $12,092,227
    -
    $8,342,235
    $3,749,992
    $12,092,227

    Comparable in this City

    • Value Estimation
      $830,000
      29,526 SF

      401 Studewood St

      OFFICE BUILDING • 29,526 SF
      401 Studewood St, Houston, TX 77007-2794
      View Details
    • Value Estimation
      $2,460,000
      168,835 SF

      550 Westcott St

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 168,835 SF
      550 Westcott St, Houston, TX 77007-9015
      View Details
    • Value Estimation
      $1,595,000
      15,550 SF

      5301 Katy Fwy

      OFFICE BUILDING • 15,550 SF
      5301 Katy Fwy, Houston, TX 77007-3867
      View Details
    • Value Estimation
      $845,000
      17,402 SF

      5424 Katy Fwy

      OFFICE BUILDING • 17,402 SF
      5424 Katy Fwy, Houston, TX 77007-4366
      View Details
    • Value Estimation
      $3,535,000
      36,421 SF

      3663 Washington Ave

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 36,421 SF
      3663 Washington Ave, Houston, TX 77007-6469
      View Details
    • Value Estimation
      $715,000
      19,050 SF

      6525 Washington Ave

      OFFICE BUILDING • 19,050 SF
      6525 Washington Ave, Houston, TX 77007-2112
      View Details

    Similar Nearby for Sale

    • $999,000

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      3,958 SF office building with high-end finishes and parking.
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      5,985 SF

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    • $2,199,000
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      Washington Corridor Mixed-Use Property

      Custom steel-constructed property combining residential and professional space.
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    • $1,595,000

      Freestanding Retail on Washington Avenue

      Retail/commercial building with parking in the heart of Washington corridor.
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    • $1,800,000

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    Similar Nearby for Lease

    • $24 SF/Yr
      5,456 SF

      Prime Washington Ave. Creative Space

      Historic building, ample parking, high visibility.
      2215 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing
      1,392 SF

      Houston Creative Office Space

      1,392 SF Available, Multiple Units
      1824 Spring St, Houston, TX 77007
      View Details
    • Contact for pricing
      2,953 SF

      Prime Washington Ave Executive Suite

      2,953 SF Executive Office, 14 Parking Spaces
      2420 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing
      3,683 SF

      Houston Medical Office Space for Lease

      Prime Medical Office Suites Available in Houston
      4500 Washington Ave, Houston, TX 77007
      View Details
    • $20 SF/Yr
      1,524 SF

      Office Space Available For Rent

      1524 square feet of office space for rent.
      550 Westcott St, Houston, TX 77007
      View Details
    • Contact for pricing
      14,500 SF

      Office/Warehouse Buildings in Cottage Grove

      Two buildings totaling 14,500 SF on 0.46 acres.
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      View Details
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    Houston, TX 77007
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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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