Commercial Land Near
New
For Sale
$990,000
6503 Mapleridge Street, Houston, TX 77081
Development site near I-69 and 610 in a walkable area.
Property Size4,500 SF
Price / SF$220
Days on Market7
Property Features for 6503 Mapleridge Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$18,964
Amenities
Yes
Appraiser
20473
4500
Building Details
Building Size
4,500 SF
Year Built
1983
Stories
1
Listing Agency:
Keller Williams Memorial
(713) 208-4904
Listed By:
Kelly Griffin · License #0522138
(713) 208-4904
Source:
Garygreene
Added: Aug 18
Changed: Aug 24
Last Checked: Aug 23 at 10:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Memorial
Investment Insights
Based on property information with market context.
This commercial land offering is located at 6503 Mapleridge St in Houston, Texas. The property is being offered primarily in land form and is identified for a development project. Bellaire High School zoning is noted in the property information.
The site is near I-69 and 610, with a Walk Score of 77, a Bike Score of 60, and a Transit Score of 47. The offering also references a larger portfolio that includes 5307, 5309, 5311, and 5313 Palmetto; 4505 and 4047 Larch Ln; 5419 Gufton; and 8117 McAvoy.
The site is near I-69 and 610, with a Walk Score of 77, a Bike Score of 60, and a Transit Score of 47. The offering also references a larger portfolio that includes 5307, 5309, 5311, and 5313 Palmetto; 4505 and 4047 Larch Ln; 5419 Gufton; and 8117 McAvoy.
Key Highlights
- Commercial land at 6503 Mapleridge St, Houston, TX 77081
- Near I‑69 and 610
- Walk Score: 77; Bike Score: 60; Transit Score: 47
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,018
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,220,360
$1.2M
Cap Rate 7%
$871,686
$871.7K
Cap Rate 9%
$677,978
$678.0K
Market Conditions
NOI Build-Up for 4,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.3K $20.52/SF
− Vacancy
−$5.2K −$1.15/SF
EGI
$87.2K $19.37/SF
− OpEx
−$26.2K −$5.81/SF
NOI
$61.0K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,220,360
Cap Rate 7%
$871,686
Cap Rate 9%
$677,978
Alternative Uses
Best Use
Retail
$871.7K
$762.7K – $1.02M
NOI $61,018 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,000 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,995
Businesses Nearby
272k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 30%
Dining 25%
Home Improvements & Furnishings 4%
H-E-B
Groceries
81,091 visits/mo
0.3 miles
Circle K
Shops & Services
16,035 visits/mo
0.4 miles
Chevron
Shops & Services
14,095 visits/mo
0.4 miles
Bank of America
Shops & Services
13,609 visits/mo
0.4 miles
Burger King
Dining
13,228 visits/mo
0.4 miles
Demographics for 77081, TX
48,293
Population
21,245
Households
2.3
Avg Household Size
30
Median Age
19%
College-Educated
55%
High-School Grad
3.3 sq mi
ZIP Area
14,634
Density / Sq Mi
$42,228
Median Household Income
$27,982
Median Earnings
$990
Median Rent
$245,200
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Development site near I-69 and 610 in a walkable area.
Where is this commercial land located?
The property is located at 6503 Mapleridge Street Houston, TX.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Commercial land at 6503 Mapleridge St, Houston, TX 77081; Near I‑69 and 610; Walk Score: 77; Bike Score: 60; Transit Score: 47
