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5120 Woodway Dr Houston, TX 77056

Office buildings Google Maps
449,490 SF 7.12 ac lot Built 1984
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$1.12M
Range $1.00M – $1.23M (±10%)
Property ID US82-3056686

Property summary

AI-generated overview

The Decorative Center of Houston offers 500,000 square feet of Class A office space in a prime Houston location at 5120 Woodway Dr, 77056. Built in 1984 and renovated in 2014, this multi-use building features a variety of office configurations, from traditional to creative coworking spaces, suitable for various business needs. Spaces range from 1,283 to 18,524 contiguous square feet, with a maximum of 18,524 square feet available. The building boasts 13-foot ceilings, four elevators, and ample parking with 2,000 spaces (a 3.5:1,000 sq ft ratio) in a 5-story covered garage. Convenient amenities include loading docks, freight elevators, card key access, concierge service, on-site management, a restaurant, security, and vending areas. This established location, part of a renowned design center with over 40 showrooms, provides a unique and prestigious address for your business. The building's central location in Houston offers easy access to major transportation routes and a vibrant business community. Multiple tenancy options are available to accommodate businesses of all sizes.

Property profile

Verified
Property type Office buildings
Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built 1984
Construction STEEL FRAME
Total area 449,490 SF
Lot 7.12 ac (310,321 SF)
APN 451400050350
UPID US82-3056686

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Green Energy Supplier
  • Carpet & Flooring Store Hardware & Home Improvement
  • Loan Service Bank
  • Law Firm
  • Financial Advisor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.12M

Owner & transaction history

since 2016
3 recorded transactions
2026
Price N/A
2016
$175,610
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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