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    440 Benmar Dr Houston, TX 77060
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    Property profile & analytics

    440 Benmar Dr Houston, TX 77060

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    • Office buildings
    • 124,315 SF
    • 5.16 lot acres
    For Lease
    $675,000
    View Listing →
    Houston Office Building For Rent For Lease
    $675,000
    113,672 SF

    Houston Office Building For Rent

    Three-story office building with atrium lobby and security features.

    440 Benmar Dr, Houston, TX 77060
    View Listing
    Property ID
    US82-2843779
    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
    $675,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ACE / Training Center / Tutoring Service
    • MELS Insurance Agency LLC / Insurance Agency
    • Estate Management Services / Property Management Company / Estate Liquidator
    • Wellspring Family & Community Institute / Crisis Center / Medical Clinic
    • Military Air AC and Heating / HVAC Service / General Contractor

    Property Details for 440 Benmar Dr

    Year built
    1977
    Construction
    BRICK
    Lot size
    5.16 lot acres
    Property size
    124,315 SF
    Property type
    Office buildings
    APN
    1144680020002
    APU
    1144680020002

    Description

    This three-story, 113,672-square-foot office building, constructed in 1980 and renovated in 2015, offers a variety of flexible spaces for lease in Houston's North Beltway 8 submarket. Located at 440 Benmar Drive, zip code 77060, the property features 41 suites ranging from a minimum of 131 square feet to a maximum contiguous space of 3,399 square feet. Currently, 32,383 square feet are available. The building boasts a landscaped atrium lobby with fountains, covered parking for 381 vehicles, and convenient amenities including internet access, on-site maintenance, a FedEx drop box, and 24-hour secure key card access enhanced by video surveillance and security personnel. Its strategic location provides easy access to major roadways like I-45 and FM 1960, offering a balance of quiet seclusion and convenient access to Greenspoint Mall's shopping, dining, and entertainment options. The building is classified as Class C and offers multiple tenancy options. The property's attractive features and prime location make it an ideal choice for businesses seeking efficient and well-maintained office space in a desirable Houston submarket.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $895,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $452,000
      Market price range: $453k - $1.17M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $650,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3938
    Latitude
    29.9423
    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
    $39,009
    $1,347,390
    $1,394,883
    $2,742,273
    -
    $1,347,390
    $1,394,883
    $2,742,273

    Comparable in this City

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      $710,000
      165,573 SF

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      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 165,573 SF
      11811 Nn Fwy Ste, Houston, TX 77060-3266
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    • Value Estimation
      $695,000
      181,190 SF

      2 Northpoint Dr Ste, Unit 500

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 181,190 SF
      2 Northpoint Dr Ste, Houston, TX 77060-3236
      View Details
    • Value Estimation
      $855,000
      179,662 SF

      12941 Nn Fwy, Unit 570

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 179,662 SF
      12941 Nn Fwy, Houston, TX 77060-1240
      View Details
    • Value Estimation
      $770,000
      148,416 SF

      652 Sam Houston Pkwy E Ste, Unit 350

      OFFICE BUILDING • 148,416 SF
      652 Sam Houston Pkwy E Ste, Houston, TX 77060-5910
      View Details
    • Value Estimation
      $635,000
      106,490 SF

      450 Sam Houston E Pkwy

      OFFICE BUILDING • 106,490 SF
      450 Sam Houston E Pkwy, Houston, TX 77060-3551
      View Details
    • Value Estimation
      $510,000
      79,650 SF

      509 Sam Houston E Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 79,650 SF
      509 Sam Houston E Pkwy, Houston, TX 77060-4130
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      101,510 SF

      Three-Story Atrium Office Building

      Three-story office building with landscaped lobby and ample parking.
      480 N Sam Houston Pkwy E, Houston, TX 77060
      View Details
    • $4,000,000

      Office Building with Upside Potential

      Office building for sale with immediate lease-up opportunities.
      480 N Sam Houston Pkwy E, Houston, TX 77060
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      3.3 Acres Commercial Land

      3.3 acres of commercial land with frontage on Beltway 8.
      East Sam Houston Pkwy N, Houston, TX 77060
      View Details
    • Contact for pricing

      Prime Land at Beltway, I-45

      Land with high visibility, direct access to major highways.
      N Houston Tx, Houston, TX 77060
      View Details
    • Contact for pricing

      Land Available in Houston, TX

      Land available for sale in Houston, Texas.
      N Sam Houston Pkwy E, Houston, TX 77060
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Houston Office Building For Rent

      Three-story office building with atrium lobby and security features.
      440 Benmar Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      95,291 SF

      Greenspoint Park Office Space Available

      95,291 SF office space with on-site amenities.
      16801 Greenspoint Park Dr, Houston, TX 77060
      View Details
    • Contact for pricing
      120,000 SF

      Class A Office Building

      Bank-anchored Class A office building with various suite sizes.
      400 N Sam Houston Pkwy E, Houston, TX 77060
      View Details
    • Contact for pricing
      172,333 SF

      Greenspoint Park Office Space Available

      Office building with controlled access, on-site management, and security.
      16800 Greenspoint Park Dr, Houston, TX 77060
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Affordable office spaces with lush garden lobbies and ample parking.
      340-350 N Sam Houston Pkwy E, Houston, TX 77060
      View Details
    • Contact for pricing
      180,000 SF

      North Houston Class A Office

      Class A office space with modern amenities in North Houston.
      2 Northpoint Dr, Houston, TX 77060
      View Details
    View Listing
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    Houston, TX 77060
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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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