Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6367 Richmond Ave Houston, TX 77057

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two pad sites, build-to-suit, high traffic.

    Lot size:
    74,052 SF

    Property Features for 6367 Richmond Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,052 SF

    Spaces For Lease

    at 6367 Richmond Ave, Houston, TX 77057 Contact us

    We can help!

    Listing Contact
    Douglas Pack
    Douglas Pack

    Listing Agency: Colliers - Houston, Texas Listing Agent: Douglas Pack

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

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial land opportunity presents two prime pad sites totaling 2.64 acres (114,998 square feet) on Richmond Avenue in Houston, Harris County, Texas. Located at 6367 Richmond Ave, zip code 77057, this property offers significant potential for retail development. The site is zoned for commercial use and is ideal for single-tenant occupancy. Individual pad sizes are available, with Pad A encompassing 0.94 acres and Pad B offering 1.7 acres. This allows for flexibility in development plans, catering to various business needs and scales. The property's strategic location on Richmond Avenue ensures high visibility and accessibility, benefiting from substantial daily traffic volume. The site is ready for ground lease or build-to-suit opportunities, providing developers with the chance to create a custom-designed structure tailored to their specific requirements. This presents a unique chance to establish a strong retail presence in a thriving Houston market. The property's size and location make it an attractive investment for businesses seeking a prominent and easily accessible location. Detailed site plans and zoning information are available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office 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
    -95.496419897238
    Latitude
    29.731638829313

    Nearby Similar for Lease

    • $1,425 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $2,025 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $3,198 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $1,200 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • Sponsored
      Contact for pricing

      TX, West Houston - North Loop Freeway

      Workspaces, services and support to help you work better in John Hancock Center
      1111 Loop Fwy, Houston, TX 77008
      View Details
    • Contact for pricing

      Spaces Galleria at Post Oak

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      1980 Post Oak Blvd, Houston, TX 77056
      View Details
    • Contact for pricing

      Spaces Kirby Grove

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      2925 Richmond Ave, Houston, TX 77098
      View Details
    • Contact for pricing

      Spaces Downtown Greenstreet

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      1201 Fannin St, Houston, TX 77002
      View Details
    • Contact for pricing

      TX, Houston - Energy Tower III

      Discover many ways to work your way in One Liberty Place
      11740 Katy Fwy, Houston, TX 77079
      View Details
    • Contact for pricing

      Echo Lane

      Meet, work or collaborate in our professional Sawgrass Corporate Park business center
      950 Echo Ln, Houston, TX 77024
      View Details
    • Contact for pricing

      TX, Houston - Spaces CityCentre One

      Discover many ways to work your way in Twin Towers
      800 Town & Country Blvd, Houston, TX 77024
      View Details
    • Contact for pricing

      TX, Houston - 1415 Louisiana St

      Discover many ways to work your way in Boise Downtown
      1415 Louisiana St, Houston, TX 77002
      View Details

    FAQs

    What type of property is this?
    Land - Two pad sites, build-to-suit, high traffic.
    Where is this land located?
    The property is located at 6367 Richmond Ave Houston, TX.
    What are key features of this property?
    This property features: Excellent pad sites available near Greater Uptown.; Three miles west of Galleria Mall.; Adjacent to Wisdom High School (2,000+ students).
    Request Owner's contact information
    6367 Richmond Ave Houston, TX 77057
    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.
    6367 Richmond Ave
    Houston, TX 77057
    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
    6367 Richmond Ave Houston, TX 77057
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Douglas Pack
    Douglas Pack
    Real Estate License ID: 444440
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!