396 Tower
396 W Greens Rd, Houston, TX 77067
- TypeOffice
- Size189,900 SF
- Cap rate7.00% (OM)
- Occupancy88.4% physical
- PriceWith OM
Office · Katy Freeway West / Energy Corridor · 8.00% cap (OM)
A stabilized, small-suite professional office building (73 of 76 suites leased) with in-place rent of $23.05/SF against Katy Freeway West Class A asking rent of $31.76/SF, leaving mark-to-market upside at renewal.
| Address | 13111 Westheimer Rd, Houston, TX 77077 | OM |
|---|---|---|
| Submarket | Katy Freeway West / Energy Corridor | OM |
| Building | 59,625 SF net rentable area, 4 stories | OM |
| Site | 79,998 SF (about 1.84 acres) | OM |
| Built | 1984 | OM |
| Occupancy | 92.8% by RSF; 73 of 76 suites (96.0%) | OM |
| In-place NOI | $569,542 | OM |
| Cap rate | 8.00% on in-place NOI at the OM offering price | OM |
| Parking | 230 spaces (105 surface + 125 covered) | OM |
| Price | Provided with the confidential OM to qualified buyers | — |
In-place rent of $23.05/SF compares with Katy Freeway West / Energy Corridor Class A asking rent of $31.76/SF and Class B asking rent of $24.31/SF (Q2 2026, per the OM). Class A vacancy in the submarket was 17.6%.
Rent roll, trailing-12 operating statement, leases and estoppels, survey and title, and third-party reports, after a confidentiality agreement.
It is a stabilized, diversified rent roll with no single tenant driving income; whether it fits a specific exchange is for the buyer's QI and tax advisor.
8.00% on in-place NOI of $569,542 at the OM offering price.
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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