3334 Richmond
Price
Price on request
Description
3334 Richmond is the freshening of a 1970s vintage office building into a modern, creative office project in the heart of the Greenway sub-market. The property sits on Richmond Ave within walking distance of numerous restaurant and retail options and is surrounded by Houston’s most desirable neighborhoods, including River Oaks to the north, West University to the south, Upper Kirby to the east and the Galleria to the west. Easy access can be found from Highway 59/69, just blocks to the south.
Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.
Market Context
As of Q4 2025, the Houston office market showed a 10.0% vacancy rate, rents up 26.5% year over year, and cap rates around 9.0%. Source: multiple brokerages Q4 2025 market report.
Projected current pricing
low confidenceModeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cushman & Wakefield data (cap rate 9.0%, asking rent trend-adjusted to today).
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Compare it against other office listings for sale in Houston, TX to benchmark pricing and space — view the full market.
Office market FAQ
- What is the typical cap rate for office in Houston?
- About 9.0% as of Q4 2025, per multiple brokerages.
- Is the Houston office market tightening or softening?
- Vacancy is around 10.0%, with asking rents rising year over year (Q4 2025).
Unified Estimate
Medium ConfidenceRate estimator only; cost-of-business estimate unavailable.
Sale Price History
Market report quarterly trend fallbackFIPS 32003
- Avg Rent ($/SF/yr) (market data)
- Vacancy %
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