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    6217 Nuben St Houston, TX 77091

    • Commercial real estate
    For Sale
    View listing
    $249,750
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0042968
    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

    • Commercial real estate

    Property Details for 6217 Nuben St

    Property type
    Commercial real estate

    Description

    This exceptional 12,287 square foot commercial land parcel is ideally situated in Houston, Texas, within the Acres Homes community, near the Independence Heights neighborhood. The property, located at 6217 Nuben St, zip code 77091, offers significant development potential. Utilities are readily available, making this site immediately buildable. The location benefits from its proximity to two recently completed developments within the same block and numerous others in the surrounding area, indicating a thriving and growing neighborhood. This large lot presents a unique opportunity for various projects, including the construction of a single-family home, an estate, patio homes, or townhomes. High-quality photos and a video showcasing the property are available for review. The asking price for this remarkable opportunity is $249,750. Don't miss this chance to acquire a substantial piece of land in a rapidly developing Houston neighborhood. This Harris County property is ready for your vision.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4524413
    Latitude
    29.8551814

    Comparable in this City

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      Cleared 7,200 sq. ft. lot in desirable location.
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      Prime Commercial Lot on Main

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    Similar Nearby for Sale

    • $130,500

      Prime Land Ready for Redevelopment

      Three adjacent lots ideal for commercial or residential projects.
      2027 W Little York Rd, Houston, TX 77091
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    • $900,000

      Unrestricted Land Near New HEB

      Unrestricted land near HEB, suitable for residential or commercial development.
      1905 W Tidwell Rd, Houston, TX 77091
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    • $285,000

      46,130 SF Commercial Lot

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    • $289,900

      Prime Commercial Lot on Main

      Commercial lot with utilities available on high-traffic street.
      7002 W Montgomery Rd, Houston, TX 77091
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    • $73,000

      Residential Lot in Wildrose Gardens

      Cleared 7,200 sq. ft. lot in desirable location.
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    Similar Nearby for Lease

    • $40,677
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      Houston Commercial Land Lease

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      Gated Community Home Near Downtown

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      165,456 SF

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    • $1.20 SF/Yr
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      Retail Space Available For Lease

      Retail space available for lease in Houston, Texas.
      7208 N Shepherd Dr, Houston, TX 77091
      View Details
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    6217 Nuben St
    Houston, TX 77091
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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.

    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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