Office · FM 1960 / Hwy 249 · 7.00% cap (OM)
A renovated (2022), ENERGY STAR certified 8-story office building at 89.5% occupancy, anchored by Chase Bank, on a signalized hard corner (about 54,531 VPD) roughly 5 miles from IAH.
| Address | 616 FM 1960 W Rd, Houston, TX 77090 | OM |
|---|---|---|
| Also known as | 616 Office Building (Cypress Station Office) | OM |
| Type | Class A multi-tenant office, ENERGY STAR certified | OM |
| Building | 142,194 SF gross building area (~122,036 RSF derived), 8 stories | OM |
| Site | 3.66 acres (159,430 SF) | OM |
| Built / renovated | 1982 / 2022 | OM |
| Occupancy | 89.5% (109,221 SF occupied per rent roll) | OM |
| In-place NOI | $1,294,184 (expenses estimated at 42% pending T-12) | OM |
| Cap rate | 7.00% on in-place NOI at the OM offering price | OM |
| Tenancy | Chase Bank anchor | OM |
| Location | Signalized hard corner, about 54,531 VPD; roughly 5 miles from IAH | OM |
| Price | Provided with the confidential OM to qualified buyers | — |
FM 1960 / Hwy 249 vacancy was 37.1% in Q1 2026 (per the OM); the building's 89.5% occupancy is well ahead of the submarket. In-place rent of $20.43/SF tracks Houston signed office rates of about $21.36/SF (Crexi, Q3 2026, per the OM).
Rent roll, trailing-12 operating statement, leases and estoppels, survey and title, and third-party reports, after a confidentiality agreement.
7.00% on in-place NOI of $1,294,184 at the OM offering price.
The building is anchored by Chase Bank. Other tenant details are shared with qualified buyers in the confidential OM.
All figures from owner-provided rent rolls and offering memoranda; buyer to verify. Not an offer of securities. Marketed by Mark N Noor, licensed Texas real estate sales agent, Coldwell Banker Commercial Universal.
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