8700 Commerce Park Dr Houston, TX 77036
Exceptional investment opportunity: a 79,000 square foot, Class B executive office building in Houston, Texas. This two-story building, constructed in 1975 and renovated in 2004, boasts a desirable 7.75% cap rate. The property features a spacious open-air courtyard, a convenient mail room, and a separate vending area. Ample parking is provided with a 3.0 per 1,000 square foot ratio, totaling 234 surface spaces. Currently housing over 50 tenants under a gross lease, this multi-tenant property offers significant income potential. Situated on a 3.4-acre lot at 8700 Commerce Park Drive, 77036, it enjoys excellent accessibility, with direct access to US Highway 59 (Southwest Freeway) and proximity to major thoroughfares like the Sam Houston Tollway, Westpark Tollway, and Loop 610. The location is also advantageous, near Westwood Country Club and Memorial Hermann Southwest Hospital, and surrounded by a variety of hotels, retail establishments, and dining options. The asking price is $4,167,473, representing a price per square foot of $52.75. This is a prime opportunity for investors seeking a well-located, income-producing asset in a thriving Houston market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.