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8 Greenway Plz Houston, TX 77046-0890

OFF-MARKET Office buildings Google Maps
313,642 SF 2.18 ac lot Built 1983
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$26.46M
Range $23.81M – $29.11M (±10%)
Property ID US82-3037635

Property summary

AI-generated overview

This exceptional sublease opportunity presents 18,144 square feet of prime Class A office space within the prestigious Eight Greenway Plaza in Harris County. Located in a vibrant area between the central business district and The Galleria, this 15-story building offers an unparalleled location with easy access to a wealth of amenities. The entire Greenway Plaza campus boasts a rich selection of retail, dining, hotel, and recreational options, all within a five-minute radius of the building. The building itself comprises 255,305 square feet of total office space, ensuring a thriving and dynamic work environment. This single-tenant space is perfect for a company seeking a long-term sublease in a modern, well-maintained building. The available space features a brand-new build-out, ready for immediate occupancy. The building's Class A designation reflects its high-quality construction, modern infrastructure, and desirable location. This is an exceptional opportunity to secure a significant amount of executive office space in a highly sought-after location, offering both convenience and prestige. The sublease provides a long-term solution for businesses seeking a stable and well-appointed workspace in the heart of a thriving commercial district. Don't miss this chance to establish your business in this premier location.

Property profile

Verified
Property type Office buildings
Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built 1983
Construction CONCRETE
Total area 313,642 SF
Lot 2.18 ac (95,174 SF)
APN 1202040020001
UPID US82-3037635

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
  • Law Firm
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Law Firm
  • Financial Advisor
  • Bank

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$26.46M
Blend (final) Blend
$26.46M

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $31.7M +45.3%
Auto repair, garage $29.3M +34.2%
Retail stores $23.1M +6.0%

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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