Lone Star Place$30.71 – $37.39/SF/yr FS
2251 Fannin St
52,100 SF of Office space available at 2251 Fannin St, Houston, TX 77042. For Sale through Capitol Commercial.
For SaleStatus
52,100 SFAvailable
$36.38/SFAsking rent
$123.89MAsking price
4.73%Cap rate
1978Year built
AClass
Property facts
| Property type | Office |
|---|---|
| Building class | A |
| Rentable area | 628,700 SF |
| Available | 52,100 SF |
| Stories | 46 |
| Year built | 1978 |
| Typical floor | 13,667 SF |
| Lot size | 2.48 acres |
| Parking ratio | 1.4/1,000 SF |
| Occupancy | 91.7% |
| Zoning | D-1 |
| Parcel ID | 39-607-4911 |
| Submarket | Westchase |
| Market | Houston |
| Days on market | 470 |
| Walk Score | 85 |
| Transit | Light rail 5 min |
| Listing package | Basic |
Building amenities
Security System, Bike Storage, Concierge, LEED Gold
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 7th | Office | Direct | 7,030 – 16,000 | $35.72/SF | Thru Mar 2030 | Vacant |
| P 46th | Office | Direct | 1,700 – 8,720 | $31.91/SF | Negotiable | Jan 2027 |
| P 42nd | Coworking | Sublet | 7,160 | $33.35/SF | Thru Dec 2028 | Oct 2026 |
| P 33rd | Office | Direct | 20,220 | $41.82/SF | Negotiable | Nov 2025 |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Tidewater Shipping | Energy | 36 | 83,330 | 2018-05-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-12-29 | $238.06M | $378.66 | 6.21% | Zenith Real Estate | Permian Basin Properties |
| 2024-04-29 | $59.24M | $94.23 | 4.83% | Lakeshore Realty Trust | Ironwood Capital Partners |
| 2018-10-09 | $76.03M | $120.94 | 9.11% | Permian Basin Properties | Fairbridge Partners |
Public record
| Owner of record | Greystone Holdings LLC |
|---|---|
| Assessed value | $155.1M |
| Land value | $31.22M |
| Improvement value | $123.88M |
| Annual tax | $2.32M |
| Tax year | 2026 |
| Lot size | 108,028 SF |
| Last deed | 2024-10-18 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 34 BLK 718 WESTCHASE ADDN |
Location
2251 Fannin St
Houston, TX 77042
Westchase submarket · Houston market
29.73016, -95.54965
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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