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    Property profile & analytics

    701 Post Oak Rd Houston, TX 77024-3839

    • Office buildings
    • 136,325 SF
    • 3.18 lot acres
    OFF-MARKET
    Value Estimations
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3717013
    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

    • Medical Center for Eating Disorders / Medical Clinic
    • Oldtmann Tobie J / Psychotherapist
    • Elizabeth Cobb, LMFT, LPC / Marriage Or Relationship Counselor / Counselor
    • Massages by Tony / Alternative Medicine Practice / Spa & Massage Center
    • GK Law PLLC / Law Firm

    Property Details for 701 Post Oak Rd

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.18 lot acres
    Property size
    136,325 SF
    Property type
    Office buildings
    APN
    451750010100
    APU
    451750010100

    Description

    This exceptional Class B, multi-tenant office building at 701 N Post Oak Rd, Houston, TX 77024, boasts 120,678 square feet on a 3.18-acre lot. Built in 1971 and renovated in 2012, the property currently enjoys 88% occupancy, generating a strong net operating income (NOI) of $1,495,146. Its prime location on the edge of The Galleria and Memorial areas provides convenient access to major freeways, high-end retail, and restaurants, attracting a loyal tenant base of local businesses and residents. The building benefits from a stable cash flow due to a mix of long-term tenants. An assumable, fixed-rate loan at 4.5% with four years remaining is available. The strong demographics and convenient location make this a compelling investment opportunity, with potential for future redevelopment into a mid-rise condo. This property offers a rare combination of established income and significant upside potential in a highly desirable Houston submarket. The building's consistent occupancy and loyal tenant base demonstrate its enduring appeal and market strength. This is a turnkey investment ready for a new owner to capitalize on its existing success and future potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $794,000
      Market price range: $404k - $3.92M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4579
    Latitude
    29.7799
    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
    $100,227
    $3,462,000
    $5,730,351
    $9,192,351
    -
    $3,462,000
    $5,730,351
    $9,192,351

    Comparable in this City

    • Value Estimation
      $1,635,000
      120,226 SF

      842 Sam Houston N Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 120,226 SF
      842 Sam Houston N Pkwy, Houston, TX 77024-4591
      View Details
    • Value Estimation by Request
      44,184 SF

      730 Post Oak Rd

      OFFICE BUILDING • 44,184 SF
      730 Post Oak Rd, Houston, TX 77024-3842
      View Details
    • Value Estimation
      $875,000
      54,864 SF

      900 Town And Country Ln

      OFFICE BUILDING • 54,864 SF
      900 Town And Country Ln, Houston, TX 77024-2226
      View Details
    • Value Estimation
      $570,000
      56,680 SF

      9575 Katy Fwy

      OFFICE BUILDING • 56,680 SF
      9575 Katy Fwy, Houston, TX 77024-1406
      View Details
    • Value Estimation
      $740,000
      60,800 SF

      9219 Katy Fwy

      OFFICE BUILDING • 60,800 SF
      9219 Katy Fwy, Houston, TX 77024-1520
      View Details
    • Value Estimation
      $555,000
      154,144 SF

      8584 Katy Fwy, Unit 160

      OFFICE BUILDING • 154,144 SF
      8584 Katy Fwy, Houston, TX 77024-1836
      View Details

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    Similar Nearby for Lease

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      Class A Office Suites, Houston, TX
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      Office Space with Highway Frontage

      Office space for lease with premier amenities and highway frontage.
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      Office Space Available For Rent

      Office space available for lease in Houston, Texas.
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      Ground level office space featuring 400 amp electrical service.
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      View Details
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    701 Post Oak Rd
    Houston, TX 77024-3839
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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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