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    6671 Southwest Fwy Houston, TX 77074

    • Office Properties & Spaces
    For Lease
    View listing
    $4 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Goosehead Insurance - Steven Borrego / Insurance Agency
    • Citywide Injury & Accident / Alternative Medicine Practice
    • All Injury Care & Rehab / Alternative Medicine Practice
    • American Web Page / Advertising Agency / Marketing & Advertising
    • Houston Probate Attorney, Kreig Mitchell LLC / Law Firm

    Property Details for 6671 Southwest Fwy

    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    Located in Houston, Texas, at 6671 Southwest Fwy, 77074, this Harris County property offers a diverse range of office solutions. The space caters to various business needs, from single-person offices to large corporate setups, providing traditional office spaces, executive suites, coworking areas, medical offices, and creative office environments. Tenancy is multiple, allowing for flexibility in lease terms and space configurations. Businesses can choose from fully furnished and equipped private offices tailored to their specific requirements, ranging from serviced offices to custom designs, even disaster recovery spaces and day offices. Coworking options include shared office spaces and hot desks, offering a collaborative work environment. A comprehensive suite of meeting rooms is available, accommodating various needs, from informal chats to large conferences. Virtual office solutions are also provided, including prestigious business addresses, mail handling, and virtual assistant services. Flexible working plans offer access to a global network of workspaces, allowing for seamless transitions between locations. The property provides a choice of professional, inspiring, and collaborative workspaces, communities, and services, designed to support business growth and productivity. Options range from small spaces to large, accommodating businesses of all sizes. Inquire today to explore the possibilities and find the perfect workspace to suit your business needs.

    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
    -95.499
    Latitude
    29.7146

    Comparable in this City

    • Value Estimation by Request
      50,172 SF

      6401 Southwest Fwy

      Medical offices • 50,172 SF
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    • Value Estimation by Request
      834,175 SF

      7322-7324 Southwest Fwy

      Coworking space • 834,175 SF
      7322-7324 Southwest Fwy, Houston, TX 77074
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    • Value Estimation
      $3,980,000
      19,616 SF

      7080 Swsw Fwy

      MEDICAL BUILDING • 19,616 SF
      7080 Swsw Fwy, Houston, TX 77074-2085
      View Details
    • Value Estimation
      $7,550,000
      139,266 SF

      7500 Beechnut St

      MEDICAL BUILDING • 139,266 SF
      7500 Beechnut St, Houston, TX 77074-4335
      View Details
    • Value Estimation by Request
      1,213 SF

      8200 Wednesbury Ln, Unit 312

      MEDICAL BUILDING • 1,213 SF
      8200 Wednesbury Ln, Houston, TX 77074-2925
      View Details
    • Value Estimation by Request
      463 SF

      8200 Wednesbury Ln, Unit 301

      MEDICAL BUILDING • 463 SF
      8200 Wednesbury Ln, Houston, TX 77074-2925
      View Details

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    6671 Southwest Fwy
    Houston, TX 77074
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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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