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Property profile & analytics
OFF-MARKET
Commercial real estate

8700 Commerce Park Dr Houston, TX 77036

79,000 SF 3.4 ac lot Built 1975
Property ID
US82-0143572
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1975
Total area 79,000 SF
Lot 3.4 ac (148,104 SF)
UPID US82-0143572
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Champion Media Studio Photography Service (Bike/Boat/Book/etc) Store
  • Texas Insurance Choice Insurance Agency
  • LYU LLC (Bike/Boat/Book/etc) Store Corporate Office
  • kartizo chiropractic Alternative Medicine Practice
  • Bret A. Schulte Law Firm
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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