Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Memorial 6 Center Title is generated by Realmo AI

    738 S Texas 6, Houston, TX 77079

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Mixed-use property available for rent in Houston, Texas.

    Type:Retail, Office, Industrial
    Added:
    Oct 11, 2024
    Days on Market:
    604
    Last Refresh:
    May 12 at 10:56 pm

    Property Features for 738 S Texas 6

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Industrial

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 738 S Texas 6 Contact us

    Suite 910 $17/Mo

    Size
    1,634 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 500 $17/Mo

    Size
    15,732 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 375 $17/Mo

    Size
    4,245 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 600 $17/Mo

    Size
    7,392 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 625 $17/Mo

    Size
    3,513 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 700 $17/Mo

    Size
    15,837 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 1000 $17/Mo

    Size
    18,176 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 150 $17/Mo

    Size
    5,500 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 905 $17/Mo

    Size
    1,998 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 450 $17/Mo

    Size
    1,492 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 615 $17/Mo

    Size
    4,409 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 900 $17/Mo

    Size
    3,545 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 800 $17/Mo

    Size
    15,837 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 920 $17/Mo

    Size
    3,524 SF
    Type
    Retail, Office, Industrial
    Contact us

    Suite 325 $17/Mo

    Size
    6,349 SF
    Type
    Retail, Office, Industrial
    Contact us
    Show more

    We can help!

    Listing Contact
    Jared Starnes

    Listing agent Jared Starnes License #827721

    Listing office Aspire Commercial

    Listing date Oct 11, 2024

    Source Crexi

    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 Aspire Commercial

    HighLights

    • Memorial 6 Center location
    • Built in 1983

    Overview

    The property, known as Memorial 6 Center, is a mixed-use commercial real estate space available for rent. It can be utilized as retail, office, or industrial space.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.6037
    Latitude
    29.7757

    Nearby Similar for Lease

    • $3,198/Mo

      Fully Furnished Private Office Suites

      Private offices include receptionist support, printing, refreshments, parking, utilities, and janitorial—plus conference room access and shared amenities.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $1,200/Mo

      Fully Furnished Private Office Suites

      Private offices come fully furnished with receptionist support, shared conference access, and built-in utilities and services.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $1,425/Mo

      Fully Furnished Private Office Suite

      Turnkey private offices with receptionist, printing, utilities, parking, and access to conference rooms and a 24-7 fitness center.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $2,025/Mo

      Fully Furnished Private Office Suites

      Move into private offices with receptionist support, printing, utilities, and shared conference access for a streamlined workday.
      5718 Westheimer Road, Houston, TX 77057
      View Details
    • $7 SF/Yr
      8,020-8,020 SF

      Houston Auto Repair/Service Property

      8,020 SF auto repair/service property on 0.46 acres.
      7206 Killough St, Houston, TX 77086
      View Details
    • $1,000/Mo
      150-10,000 SF

      Lantern Bend Medical Plaza

      Turnkey medical offices in North Houston with flexible lease terms.
      411 Lantern Bend Dr, Houston, TX 77090
      View Details
    • $1.15 SF/Yr
      9,000 SF

      Air-Conditioned Flex Warehouse Suite

      Flex-ready warehouse with office build-out, air-conditioning, and multiple roll-up doors for efficient loading and operations.
      10111 Grant Rd Ste R, Houston, TX 77070
      View Details
    • Sponsored
      Contact for pricing

      TX, West Houston - North Loop Freeway

      1111 Loop Fwy, Unit West, Houston, TX 77008
      View Details
    • $129-$3,716/Mo
      11-1,292 SF

      TX, Houston - 1415 Louisiana St

      1415 Louisiana St, Houston, TX 77002
      View Details
    • $129-$3,596/Mo
      11-1,292 SF

      TX, Houston - 708 Main Street

      708 Main St, Houston, TX 77002
      View Details
    • $129-$7,337/Mo
      11-1,292 SF

      Spaces Galleria at Post Oak

      1980 Post Oak Blvd, Unit 100, Houston, TX 77056
      View Details
    • $129-$10,307/Mo
      11-1,292 SF

      Spaces Kirby Grove

      2925 Richmond Ave, Unit 1200, Houston, TX 77098
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property available for rent in Houston, Texas.
    Where is this mixed-use property located?
    The property is located at 738 S Texas 6 Houston, TX.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Memorial 6 Center location; Built in 1983
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jared Starnes
    Real Estate License ID: 827721
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    738 S Texas 6, Houston, TX 77079
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!