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    Property profile & analytics

    5405 Highway 6 Missouri City, TX 77459

    • Retail properties & Spaces
    • 8,625 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AirCo Duct Missouri City / Home Help
    • Inspired Floors / Carpet & Flooring Store / Hardware & Home Improvement
    • Sheri Leighton D.D.S. / Dental Office
    • Sheri Sharp Leighton / Dental Office
    • Carpet Wood Tile / Carpet & Flooring Store / Hardware & Home Improvement

    Property Details for 5405 Highway 6

    Year built
    2004
    Property size
    8,625 SF
    Property type
    Retail properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Missouri City
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.5729
    Latitude
    29.5745

    Comparable in this City

    • Value Estimation by Request
      2.54 Acres

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      2.34 Acres

      3852 Cartwright Rd

      Land • 2.34 Acres
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      7.64 Acres

      9929 Highway 6

      Land • 7.64 Acres
      9929 Highway 6, Missouri City, TX 77459
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    • Value Estimation by Request
      9,730 SF

      5422 Highway 6

      Lifestyle centers • 9,730 SF
      5422 Highway 6, Missouri City, TX 77459
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    • Value Estimation by Request
      5,480 SF

      9060 Highway 6

      Automotive properties • 5,480 SF
      9060 Highway 6, Missouri City, TX 77459
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    • Value Estimation by Request
      9,920 SF

      6840 Highway 6

      Medical Office Space • 9,920 SF
      6840 Highway 6, Missouri City, TX 77459
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    Similar Nearby for Sale

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      2.34 Acres

      Prime Missouri City Retail Land

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      7.64 Acres

      Missouri City Retail Land Opportunity

      7.64 Acres, Walmart Outparcels, High Traffic
      9929 Highway 6, Missouri City, TX 77459
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      9,730 SF

      Missouri City Retail Center

      New 2023 Construction, Vacant, High-Income Area
      5422 Highway 6, Missouri City, TX 77459
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      2,001 SF

      Retail Space For Sale

      Retail space available, located in Missouri City, Texas.
      4899 Highway 6, Missouri City, TX 77459
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    • $450,000

      Retail Shopping Center on Highway

      Retail property built in 2020 on high-traffic Highway 6.
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      2,597 SF

      Missouri City Retail Opportunity

      Retail property with income growth potential in Missouri City, TX.
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    Similar Nearby for Lease

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      2,500 SF

      Shops at Sienna Creek End-Cap

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      2,667 SF

      Restaurant with Drive-Thru and Patio

      Restaurant sublease opportunity with drive-thru and patio seating.
      9310 Highway 6, Missouri City, TX 77459
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      93,729 SF

      Sienna Village Retail Center

      High-traffic retail space in Missouri City.
      8900 Highway 6, Missouri City, TX 77459
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    • $29 SF/Yr
      12,420 SF

      Missouri City Retail Space

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      6850 Highway 6, Missouri City, TX 77459
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      6,668 SF

      Riverstone Creative Office Space

      6,668 sq ft, Class A, High Exposure
      5320 Highway 6, Missouri City, TX 77459
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      25,276 SF

      Sienna Town Center Retail Space

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      5304 Sienna Pkwy, Missouri City, TX 77459
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    5405 Highway 6
    Missouri City, TX 77459
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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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