800 Tully Rd — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Houston, TX 77079

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800 Tully Rd — Sale in Houston, TX, photo 1 of 2
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Description

800 Tully Road is a ±16,571 SF, two-story multi-tenant office building on a ±0.46-acre (±20,038 SF) urban infill parcel in Houston's Katy Freeway West submarket. Built of steel in 1984 with a single passenger elevator and efficient ±8,725 SF floor plates, the Class B building offers controlled access, air conditioning served by four Trane rooftop units, and ±54 parking spaces, 21 on-site and 33 leased from an adjacent garage (16 covered, 17 uncovered) under a long-term lease. It sits directly behind Stratford High School, less than a mile south of Interstate 10 (the Katy Freeway) and minutes from the CityCentre and Memorial City districts and the Energy Corridor — a premier employment center of ~71,000 jobs and major energy tenants (bp, Shell, ConocoPhillips, Citgo). The site lies outside the 100-year Special Flood Hazard Area (mapped in the 500-year floodplain), so flood insurance is not federally mandated. The investment thesis is lease-up. The building is less than 10% leased today — five small tenant leases, several of them single offices — leaving more than 90% vacant. In-place rents sit below the Katy Freeway West submarket's $24.53/SF average asking rent, so a buyer can create value on two fronts: leasing the vacant majority of the building, and marking the below-market space to market as leases roll — underwritten against a low, defensible basis in a high-barrier infill location. The asset suits either a value-add investor pursuing occupancy and rent growth, or an owner-user who can occupy the space it needs and lease the balance. Submarket Overview 800 Tully Road sits in Katy Freeway West, along I-10 between Beltway 8 and the Energy Corridor — an established West Houston corridor bordered by the affluent Memorial Villages, which supply both an executive workforce and a deep base of small professional-services tenants. The property anchors a dense, affluent, growing trade area. Within two miles, average household income is $126,409, 58% of adults hold a bach

Market Context

This office in Houston, TX is listed for sale. Compare it against other office listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston office market showed a 26.1% vacancy rate, and average asking rents near $31.77/SF/yr. Source: multiple brokerage reports, Q1 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Houston office market tightening or softening?
Vacancy is around 26.1% (Q1 2026).

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