Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3537 State Hwy Houston, TX 77082
    Back to Search
    Property profile & analytics

    3537 State Hwy Houston, TX 77082

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3537 State Hwy

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 2-acre commercial land parcel presents a unique investment opportunity in Houston, Texas. Strategically located at 3537 S State Hwy 6 in Harris County, zip code 77082, this property offers unparalleled access and visibility. The site boasts a prime location at the northeast corner of Highway 6 and Westpark Drive, and also sits southeast of Highway 6 and Schiller Road. This makes it ideal for a variety of commercial developments. The expansive 2-acre lot provides ample space for construction, allowing for significant flexibility in design and functionality. Given its high-traffic location and proximity to major thoroughfares, this property is poised for substantial growth and return on investment. The property's address is precisely 3537 S State Hwy 6, Houston, TX 77082, with GPS coordinates of 29.7192332 latitude and -95.643351 longitude. This is a blank canvas for a discerning investor seeking a high-impact commercial venture in a thriving Houston market. The property is classified as land and is ready for immediate development. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6433
    Latitude
    29.7192

    Comparable in this City

    • Value Estimation by Request
      4.20 Acres

      14938 Richmond Ave

      Land • 4.20 Acres
      14938 Richmond Ave, Houston, TX 77082
      View Details
    • Value Estimation by Request

      3415 Twp Grv Ln

      Mixed-use properties
      3415 Twp Grv Ln, Houston, TX 77082
      View Details
    • Value Estimation by Request

      12012 Royal Oaks Run Dr

      Land
      12012 Royal Oaks Run Dr, Houston, TX 77082
      View Details
    • Value Estimation by Request
      0.85 Acres

      1006 Highway 6

      Land • 0.85 Acres
      1006 Highway 6, Houston, TX 77082
      View Details
    • Value Estimation by Request
      0.11 Acres

      Eldridge Py

      VACANT COMMERCIAL LAND • 0.11 Acres
      Eldridge Py, Houston, TX 77082
      View Details
    • Value Estimation by Request
      0.11 Acres

      Eldridge Ofc Rd

      VACANT COMMERCIAL LAND • 0.11 Acres
      Eldridge Ofc Rd, Houston, TX 77082
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      4.2 Acres of Land Available

      Two tracts of land totaling approximately 4.2 acres for sale.
      14938 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing

      Richmond Avenue Commercial Land Available

      Approximately 4.2 acres of commercial land for sale or lease.
      14938 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing

      Westheimer Road Vacant Land Parcel

      0.844 acre vacant land with frontage on Westheimer Road.
      13977 Westheimer Rd, Houston, TX 77082
      View Details
    • $750,000

      Commercial Land Ready For Project

      Commercial land with high traffic, ready for immediate occupancy.
      3007 S Dairy Ashford Rd, Houston, TX 77082
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Ground Lease

      0.66 AC land for lease, utilities available, not floodplain.
      16116 Westpark Dr, Houston, TX 77082
      View Details
    • Contact for pricing
      28,000 SF

      Commercial Land for Lease

      Commercial land available for lease, approximately 0.66 acres.
      16116 Westpark Dr, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Houston, Texas.
      2673 S Texas 6, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Plaza on Westheimer Road

      Retail plaza for lease in West Houston near Hwy 6.
      15300 Westheimer Rd, Houston, TX 77082
      View Details
    • Contact for pricing

      Retail Space in Royal Oaks

      Retail space available in Houston's Royal Oaks neighborhood.
      12002 Richmond Ave, Houston, TX 77082
      View Details
    • Contact for pricing
      8,177 SF

      Hayes Road Office Space Available

      Office space available for lease on Hayes Road, Houston.
      3100-3110 Hayes Rd, Houston, TX 77082
      View Details
    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.
    3537 State Hwy
    Houston, TX 77082
    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
    3537 State Hwy, Houston, TX, 77082
    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!