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    638 Heights Blvd Houston, TX 77007

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    638 Heights Blvd Houston, TX 77007

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    • Office Units
    • 4,087 SF
    For Sale
    $2,199,000
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    Iconic Heights Boulevard Office/Residence For Sale
    $2,199,000
    4,048 SF

    Iconic Heights Boulevard Office/Residence

    Live, work, and entertain in an ideal location.

    638 Heights Blvd, Houston, TX 77007
    View Listing
    Property ID
    US82-0997129
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shawn Manderscheid / Real Estate Agency
    • Shawn Manderscheid Team / Real Estate Agency

    Property Details for 638 Heights Blvd

    Year built
    2016
    Property size
    4,087 SF
    Property type
    Office Units

    Description

    This exceptional Class A office building, constructed in 2016, offers 4,087 square feet of versatile space ideal for a single tenant. Located at 638 Heights Blvd in Houston, Texas, 77007, within Harris County, this two-story building boasts a sophisticated design encompassing executive, creative, and traditional office subtypes. The property includes six parking spaces for convenient access. Technological advancements are seamlessly integrated, featuring Savant whole-office automation for lighting, sound, and more. Six mounted TVs, a premium sound system, and Philips Hue accent lighting enhance the modern aesthetic. Security is prioritized with security cameras, a Ring doorbell, and keyless entry locks. High-speed Ethernet/WiFi connectivity, iPad control, and customizable automation "scenes" provide unparalleled efficiency and convenience. This property represents a unique opportunity to secure a state-of-the-art workspace in a prime Houston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.397430912083
    Latitude
    29.782887422814

    Comparable in this City

    • Contact for pricing

      Warehouse with Office Space

      Warehouse space available for lease, includes office and dock doors.
      651 N Shepherd Dr, Houston, TX 77007
      View Details
    • Contact for pricing

      Office Space in Houston, TX

      Office space available for rent in Houston, Texas.
      3663 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing
      400 SF

      Inner Loop Office Space Available

      Class B office space for rent in Houston, TX.
      8100 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing

      Retail/Office Space Near Washington Ave

      Prime retail or office space in vibrant Houston neighborhood.
      2420 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease at 1824 Spring St.
      1824 Spring St, Houston, TX 77007
      View Details
    • $19 SF/Yr

      Office Space Near Downtown Lubbock

      Office space available for lease near downtown with on-site management.
      602 Sawyer St, Houston, TX 77007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,500 SF

      Office/Warehouse Buildings in Cottage Grove

      Two buildings totaling 14,500 SF on 0.46 acres.
      2210 Sandman St, Houston, TX 77007
      View Details
    • Contact for pricing
      1,918 SF

      Heights Boulevard Office Space

      Office space available for sale in Houston Heights.
      1117 Heights Blvd, Houston, TX 77007
      View Details
    • Contact for pricing

      Freestanding Retail on Washington Avenue

      Retail/commercial building with parking in the heart of Washington corridor.
      4215 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing
      4,048 SF

      Iconic Heights Boulevard Office/Residence

      Live, work, and entertain in an ideal location.
      638 Heights Blvd, Houston, TX 77007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse with Office Space

      Warehouse space available for lease, includes office and dock doors.
      651 N Shepherd Dr, Houston, TX 77007
      View Details
    • Contact for pricing

      Office Space in Houston, TX

      Office space available for rent in Houston, Texas.
      3663 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing
      400 SF

      Inner Loop Office Space Available

      Class B office space for rent in Houston, TX.
      8100 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing

      Retail/Office Space Near Washington Ave

      Prime retail or office space in vibrant Houston neighborhood.
      2420 Washington Ave, Houston, TX 77007
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease at 1824 Spring St.
      1824 Spring St, Houston, TX 77007
      View Details
    • $19 SF/Yr

      Office Space Near Downtown Lubbock

      Office space available for lease near downtown with on-site management.
      602 Sawyer St, Houston, TX 77007
      View Details
    View Listing
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    638 Heights Blvd
    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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