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    Property profile & analytics

    7600 Renwick Dr Houston, TX 77081-7108

    • Warehouses
    • 15,000 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Jan 30, 2025
    Value Estimations
    $465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3978215
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Nord Group / Real Estate Agency
    • Trojan Steel / Steel Fabricator
    • MEDIkits / Surgical Center / Lasik Surgeon

    Property Details for 7600 Renwick Dr

    Year built
    1985
    Construction
    METAL FRAME
    Lot size
    0.54 lot acres
    Property size
    15,000 SF
    Property type
    Warehouses
    APN
    370630000044
    APU
    370630000044

    Description

    This exceptional 12,400-square-foot industrial property, located at 7600 Renwick Drive in Houston, Texas, presents a compelling investment opportunity. The property is classified as both manufacturing and warehouse space, offering versatile usage potential. Situated on approximately 0.54 acres in Harris County, zip code 77081, this single-tenant building boasts significant advantages. The warehouse features a substantial 16-foot ceiling height, providing ample vertical space for storage or manufacturing operations. Loading and unloading are facilitated by four 12' x 14' grade-level doors, ensuring efficient material handling. In addition to the warehouse space, the property includes approximately 3,400 square feet of office space, providing comfortable administrative areas. The property's location in Houston offers excellent access to major transportation routes, enhancing logistical efficiency. The sale price and lease rate are available upon request. This property is ideal for businesses seeking a functional and strategically located industrial space to support their operations. Serious inquiries are encouraged to explore this exceptional opportunity further. Contact us today to discuss the details and schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $465,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $447,000
      Market price range: $448k - $980k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4851
    Latitude
    29.6962
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,875
    $233,630
    $623,426
    $857,056
    -
    $233,630
    $623,426
    $857,056

    Comparable in this City

    • Value Estimation
      $405,000
      18,274 SF

      5250 Gulfton St

      WAREHOUSE, STORAGE • 18,274 SF
      5250 Gulfton St, Houston, TX 77081-2920
      View Details
    • Value Estimation
      $780,000
      297,027 SF

      5200 Gulfton St

      MINI-WAREHOUSE, STORAGE • 297,027 SF
      5200 Gulfton St, Houston, TX 77081-2908
      View Details
    • Value Estimation
      $125,000
      123,943 SF

      5415 Bissonnet St

      MINI-WAREHOUSE, STORAGE • 123,943 SF
      5415 Bissonnet St, Houston, TX 77081-6605
      View Details
    • Value Estimation
      $930,000
      35,500 SF

      5303 Ashbrook Dr

      WAREHOUSE, STORAGE • 35,500 SF
      5303 Ashbrook Dr, Houston, TX 77081
      View Details
    • Value Estimation
      $300,000
      10,020 SF

      6117 Edgemoor Dr

      MINI-WAREHOUSE, STORAGE • 10,020 SF
      6117 Edgemoor Dr, Houston, TX 77081-5807
      View Details
    • Value Estimation
      $115,000
      5,100 SF

      5400 Alder Dr

      MINI-WAREHOUSE, STORAGE • 5,100 SF
      5400 Alder Dr, Houston, TX 77081-1704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      61,608 SF

      Gulfton Warehouse: 61,608 SF

      Houston industrial warehouse, 2 acres, climate controlled.
      5330 Gulfton St, Houston, TX 77081
      View Details
    • $1,300,000

      Multi-Use Building on Gated Lot

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      Land For Sale Houston

      Land available for sale at 6627 Chimney Rock Road.
      6627 Chimney Rock Rd, Houston, TX 77081
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    • $179,990

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      Desirable lot ready for building in Houston, Texas.
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    Similar Nearby for Lease

    • $8 SF/Yr
      33,600 SF

      Glenroyal Warehouse Park

      Distribution properties • 33,600 SF
      5730 Royalton St, Houston, TX 77081
      View Details
    • Contact for pricing
      6,597 SF

      Houston Executive Office & Warehouse

      Prime Houston space, flexible layouts available
      5304 Ashbrook Dr, Houston, TX 77081
      View Details
    • $12 SF/Yr
      2,510 SF

      Warehouse Space with Open Office

      2,510 SF warehouse with A/C and open office space.
      5320 Gulfton St, Houston, TX 77081
      View Details
    • $12 SF/Yr
      1,922 SF

      Industrial Space Available For Lease

      1,922 square feet of warehouse space for rent.
      5250 Gulfton St, Houston, TX 77081
      View Details
    • $26 SF/Yr
      33,795 SF

      Ashcroft Plaza: Flex Space Available

      Bellaire Blvd prime flex space; multiple suites.
      6909 Ashcroft Dr, Houston, TX 77081
      View Details
    • Contact for pricing
      37,250 SF

      Houston Flex Space for Lease

      12 Suites, 37,250 SF, Great Location
      6200 Evergreen St, Houston, TX 77081
      View Details
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    Houston, TX 77081-7108
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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
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