2900 Wilcrest DrHouston, TX 77042

Property Details for 2900 Wilcrest Dr

Year built

1982

Construction

STEEL FRAME

Lot size

4.23 AC

Property size (Sq ft)

121,940 SF

Property type

Office properties

Property subtype

Office buildings

APN

1144110060001

APU

1144110060001

Description

This exceptional Class B multi-tenant office building, located at 2900 Wilcrest Drive in the desirable Westchase District of Harris County, offers 124,954 square feet of prime office space. The building boasts a convenient location between Westheimer and Richmond, with easy access to Beltway 8. Nine spaces are currently available, ranging in size from 526 to 29,967 square feet, catering to a variety of business needs. Recent improvements include a complete lobby renovation in 2016, enhancing the professional atmosphere. Tenants enjoy a range of amenities, including secure card key access after hours, on-site management and security personnel, and ample free covered parking with a generous 3.80 spaces per 1,000 square feet ratio. Additional conveniences include a mail room with FedEx drop-off and daily pickup, a vending area, and the proximity to numerous hotels and restaurants within a one-mile radius. This property presents a fantastic opportunity for businesses seeking a well-maintained, amenity-rich office space in a thriving Westchase submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $24,973,514

  6.5%

  $23,052,474

  7%

  $21,405,870

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,023,864

  Geo Method

  $36,507,616

• Alternative Use

  Use

  Valuation

  Residential

  $28,585,068

  Hospitality

  $26,183,770

  Educational

  $21,784,588

  Medical

  $22,533,794

  Retail

  $33,887,140

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7322

Longitude

-95.5724

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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