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    6430 Richmond Ave Houston, TX 77057

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    For Lease
    Contact for pricing

    Prime Galleria location, flexible suites.

    Lot size:
    44,177 SF

    Property Features for 6430 Richmond Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,177 SF
    Class
    B
    Total Rate
    44177

    Building Details

    Year Built/Renovated
    1974/2015
    Buildings
    1
    Stories
    4

    Spaces For Lease

    at 6430 Richmond Ave, Houston, TX 77057 Contact us
    Unit Executive Suite

    $14 /Mo

    Size
    11,000 SF
    Contact us
    Unit Call Center office

    $12 /Mo

    Size
    2,438 SF
    Contact us
    Unit Doctor Office

    $12 /Mo

    Size
    1,780 SF
    Contact us
    Unit Beauty salon

    $14 /Mo

    Size
    924 SF
    Contact us

    We can help!

    Listing Contact
    Cynthia Xue

    Listing Agency: District Properties LLC Listing Agent: Cynthia Xue

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This four-story, 44,177 square foot Class B office building, built in 1974 and renovated in 2015, offers a variety of spaces ideal for diverse businesses. Located in the Galleria area with excellent access to Highway 59 and I-610, the property boasts high visibility on Richmond Avenue and Fairdale Lane, providing three convenient points of ingress and egress. The building features 225 parking spaces and two elevators. Suites range from a minimum of 350 square feet to a maximum contiguous space of 11,000 square feet, accommodating businesses of all sizes. Amenities abound, with nearby gas stations, Walgreens, and various restaurants. One unit offers a unique independent entry, perfect for multi-service businesses such as cell phone or insurance offices. A large pylon sign is available for lease, enhancing visibility and branding opportunities. The building also includes spaces suitable for medical practices and call centers. The building sits on a two-acre lot and offers 10-foot ceiling heights. Multiple tenancy options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Floor Decor LTD Carpet & Flooring Store Photo Zone - Houston Photography Service Silver Medical Services ... Medical Clinic Houston Insurance Agency, ... Insurance Agency Americo Eagle Insurance Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5003136
    Latitude
    29.7321649

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    FAQs

    What type of property is this?
    Coworking space - Prime Galleria location, flexible suites.
    Where is this coworking space located?
    The property is located at 6430 Richmond Ave Houston, TX.
    What is the lease rate?
    The lease rate is $12-$14 SF/Yr.
    What are key features of this property?
    This property features: Prime Galleria location with easy access to Hwy 59 and I-610.; Three points of ingress/egress via Richmond Ave and Fairdale Lane.; High-visibility location near numerous amenities, including a gas station, Walgreens, and restaurants.
    (713) 568-6579 Call to check price and availability
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    6430 Richmond Ave Houston, TX 77057
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    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
    6430 Richmond Ave Houston, TX 77057
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cynthia Xue
    Real Estate License ID: 601413
    (713) 568-6579
    Learn more
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