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    5405 Highway 6 Missouri City, TX 77459
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    Property profile & analytics

    5405 Highway 6 Missouri City, TX 77459

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    • 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

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      9,920 SF

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      12,480 SF

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      Retail properties & Spaces • 12,480 SF
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      Sec Hwy 6 & Vicksburg Blvd

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    • Value Estimation by Request
      12,480 SF

      6850 Highway 6

      Retail properties & Spaces • 12,480 SF
      6850 Highway 6, Missouri City, TX 77459
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    • Value Estimation by Request
      8,844 SF

      8711 Highway 6

      Automotive properties • 8,844 SF
      8711 Highway 6, Missouri City, TX 77459
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    • Value Estimation by Request
      48,000 SF

      2801-2899 Dulles Ave

      Neighborhood centers • 48,000 SF
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      Retail Property on Highway 6

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      Missouri City Flex/Industrial Building

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      9,920 SF

      Brazos Lake Shopping Center

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    • $3,500,000
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      Retail Center in Missouri City

      9,920 SF retail center in a high-growth area.
      6840 Highway 6, Missouri City, TX 77459
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      2,000 SF

      Missouri City Retail Opportunity

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

    • $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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      2,667 SF

      Restaurant with Drive-Thru and Patio

      Restaurant sublease opportunity with drive-thru and patio seating.
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      Modern Medical/Professional Office Space

      Premium Missouri City office space near Highway 6.
      20303 University Blvd, Missouri City, TX 77459
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      Retail Space on Cartwright Road

      Retail space with high visibility and ample parking.
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      New Retail Space Available Soon

      6,630 SF retail space available June 2024.
      6133 Sienna Ranch Rd, Missouri City, TX 77459
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      Retail Building and Pad Sites

      Future retail building and pad sites at a hard corner.
      Vicksburg Blvd, Missouri City, TX 77459
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    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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