16060 Dillard DrJersey Village, TX 77040

Property Details for 16060 Dillard Dr

Year built

2016

Construction

STEEL FRAME

Lot size

1.51 AC

Property size (Sq ft)

24,000 SF

Property type

Office buildings

APN

1241330040001

APU

1241330040001

Description

This exceptional Class A office sublease opportunity is located at 16060 Dillard Drive in Jersey Village, Texas, 77040. Situated on a 1.5-acre lot, this single-tenant space offers 5,954 to 7,644 square feet within a larger 23,600 square foot building. The building, constructed in 2018, boasts a two-story design and features high-grade finishes throughout. Ideal for businesses seeking a suburban work environment, this property is located in Harris County and offers convenient access. Building amenities include a welcoming reception area, a dedicated conferencing facility, and secure controlled access for enhanced safety and privacy. The property type is classified as both Traditional and Executive Office space, catering to a variety of business needs. This is a rare opportunity to secure a well-appointed, modern office space in a desirable location. The total vacant square footage available for sublease is 7,644 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $4,915,240

  6.5%

  $4,537,144

  7%

  $4,213,062

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,547,423

  Geo Method

  $7,185,360

• Alternative Use

  Use

  Valuation

  Residential

  $5,626,059

  Hospitality

  $5,153,440

  Educational

  $4,287,602

  Medical

  $4,435,058

  Retail

  $6,669,602

Location Insight

City

Jersey Village

County

Harris

State

Texas

Latitude

29.88

Longitude

-95.5627

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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