15300 Westheimer RdHouston, TX 77082

  • Office buildings
  • 7,873 SF

Property Details for 15300 Westheimer Rd

Year built
1987
Construction
BRICK
Lot size
0.26 AC
Property size (Sq ft)
7,873 SF
Property type
Office buildings
APN
260470000906
APU
260470000906

Description

Westheimer Oaks Plaza offers ±6,572 square feet of retail and office space for lease, situated on Westheimer Road in close proximity to Highway 6. This multi-tenant plaza boasts four available spaces ranging from 850 to 5,612 contiguous square feet, providing flexibility for various business needs. The property's strategic location offers exceptional visibility and accessibility, placing it directly across the street from the prominent West Oaks Mall, ensuring high foot traffic and brand recognition. Its proximity to the Shell Technology Center, just 1.4 miles away, further enhances its appeal to businesses seeking a location within a thriving commercial hub. The building's traditional office and plaza subtype cater to a diverse range of tenants, from small businesses to larger corporations requiring substantial space. The total gross leasable area (GLA) of ±6,572 square feet provides ample room for expansion or consolidation, making it an ideal location for businesses looking to establish or expand their presence in West Houston. The available spaces offer a unique opportunity to capitalize on the high-traffic area and strong commercial presence of this established plaza. Interested parties are encouraged to inquire about lease terms and availability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,612,404
    6.5%
    $1,488,372
    7%
    $1,382,060
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,163,702
    Geo Method
    $2,357,098
  • Alternative Use

    Use
    Valuation
    Residential
    $1,845,582
    Hospitality
    $1,690,543
    Educational
    $1,406,512
    Medical
    $1,454,884
    Retail
    $2,187,908

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7325
Longitude
-95.6545
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$8,485
$88,936
$596,199
$685,135
-
$88,936
$596,199
$685,135

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