9801 Westheimer Road | Houston Westchase

Kenai Capital Advisors (“Kenai”), as exclusive advisor to the seller, in conjunction with RI Marketplace, is pleased to present the opportunity to acquire the fee simple interest in 9801 Westheimer, Houston, Texas 77042 (“Property”), a 212,859 SF 11-story office tower located in the heart of Houston’s Westchase submarket.

Located along Westheimer Road, one of Houston’s most heavily trafficked and amenity-rich commercial corridors, the Property provides investors with a rare opportunity to acquire an institutionally owned Class-A asset at a compelling basis through an efficient RealINSIGHT Marketplace auction process. The building features excellent visibility, access, and less than 1 mile from Sam Houston Tollway which provides easy access to the broader Houston MSA. Currently 28.3% occupied with a diverse roster of professional services, engineering, and technology tenants with a weighted average lease term (WALT) of 4.1 years, the Property provides assured in-place cash flow while offering substantial upside through lease-up or repositioning. With strong local demand drivers, dense surrounding demographics, and favorable acquisition pricing, 9801 Westheimer represents a value-driven opportunity in one of Houston’s most resilient and accessible office submarkets.

Investment Highlights

• Lender-Facilitated Auction Sale: This property is being offered through a RealINSIGHT Marketplace auction with a structured timeline and highly transparent diligence. Investors will appreciate this sales process as the auction allows for a streamlined and efficient transaction. All key due diligence materials, including the Environmental Site Assessment (Phase I), Property Condition Assessment, ALTA Survey, and Title Report are available in the deal room from nationally recognized consultants. This structured sale format allows investors to underwrite with confidence and pursue a value-driven acquisition of a Class-A building in one of Houston’s most accessible office locations.
• Attractive Basis Compared to Recent Sales at a Significant Discount to Replacement Costs: 9801 Westheimer is being offered at a compelling price point well below both recent sales in the Houston office market and current replacement cost. The significant discount creates a favorable entry basis for investors, enabling aggressive lease-up strategies and tenant incentive packages while still maintaining strong return thresholds. This asset provides a rare opportunity to acquire an existing Class-A office building at a fraction of the capital required for ground-up development, positioning future ownership to capitalize on rising demand at a competitive cost advantage.
• In-Place Tenant Revenue with Longer Term WALT: 9801 Westheimer benefits from a stable foundation of in-place income generated by a diverse tenant mix across professional services, engineering, and technology sectors. The current occupancy provides immediate cash flow to offset operating expenses, while the weighted average lease term (WALT) of 4.1 years ensures predictable near-term revenue. This income stability allows investors to focus on long-term value creation through targeted leasing and repositioning strategies, all while benefiting from secure, ongoing rental collections.
• Unmatched Accessibility, Amenities, and Workforce Depth: 9801 Westheimer offers exceptional regional access and visibility from its location directly on Westheimer Road less than one mile from the Sam Houston Tollway. The Property is surrounded by a dense concentration of retail, dining, and hospitality amenities including Kroger, Target, Hilton, Marriott, and numerous national and local restaurants all within walking distance. Anchored by the Westchase District’s roster of prominent employers such as Phillips 66, BMC Software, The Men’s Wearhouse, Chevron, and Viridien, the Property also benefits from proximity to a deep and educated labor pool of more than 500,000 residents within five miles. This combination of robust amenities, corporate neighbors, and skilled workforce underpins strong leasing demand, enhances long-term occupancy stability, and reinforces the Property’s enduring market competitiveness.
• Opportunity for Signage and Branding Along Westheimer and Visible from Sam Houston: With prime frontage along bustling Westheimer Road and immediate visibility from the adjacent Sam Houston Tollway, 9801 Westheimer offers rare branding advantages. Its height, profile and proximity to the Tollway ensure prominent exposure to both vehicular traffic and regional commuters, enhancing tenant marketing opportunities with exposure to over 150,000 vehicles daily. These high-visibility signage opportunities enhance marketing presence and provide a meaningful premium in leasing negotiations by improving wayfinding and brand visibility.
• Significant Lease-Up Potential with Flexible, Smaller Floor Plates: The building offers significant lease-up flexibility, enabling multiple leasing strategies to proceed concurrently. Floor plates ranging from approximately 11,300 to 21,300 RSF are arranged in a trapezoidal design that accommodates a variety of unit sizes, minimizes coring costs, and ensures abundant natural light throughout. With 20 perimeter structural columns spaced at 30-foot intervals and four interior columns (fewer on upper floors), the layout allows for efficient space planning and flexible demising. This versatility supports everything from spec suites to full-floor leases, making the Property well-suited to attract tenants across a range of industries and size requirements. National leasing volume has returned to 2019 levels, but smaller tenants dominate—averaging ~3,500 SF vs. ~4,300 SF—giving 9801 Westheimer’s flexible layouts a competitive edge to capture tenancy.