8700 Commerce Park DrHouston, TX 77036

For Sale
$4,167,473

79,000 SF, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Two-story office building, 1975 construction, renovated 2004.
  • Features an open courtyard, mailroom, and vending area.
  • Ample parking: 3.0/1,000 spaces (234 surface spaces).
  • 50+ tenants.
  • 7.75% cap rate.
  • Excellent highway access: Direct access to US Hwy 59 (Southwest Freeway) via Commerce Park, plus easy access to Sam Houston Tollway, Westpark Tollway, and Loop 610.

Property Details for 8700 Commerce Park Dr

Property type
Other office properties, Office properties
Square Feet
79,000 SF
Class
B
Year Built/Renovated
1975/2004
Buildings
1
Stories
2
Lot Size (sq. ft)
148,104 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.6857991
Longitude
-95.5359326
8700 Commerce Park Dr, Houston, Texas

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8700 Commerce Park Dr
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