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    Property profile & analytics

    2808 Texas 6 Houston, TX 77082

    • Retail properties
    • 9,600 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 2808 Texas 6

    Property size
    9,600 SF
    Property type
    Retail properties

    Description

    West Oaks Retail Center presents a prime retail opportunity at the southwest corner of Highway 6 and Richmond Avenue. This single-story, multi-tenant shopping center offers a total of 9,600 square feet of retail space. Currently, 1,800 square feet is available for lease, providing a chance to establish or expand your business in a high-traffic location. The center's Class B construction ensures a functional and well-maintained environment. Its prominent position at a major intersection guarantees exceptional visibility and accessibility for customers. The existing tenant mix creates a synergistic environment, attracting a diverse customer base. The 1,800 square feet of vacant space offers flexibility for various retail concepts, making it an ideal location for businesses seeking high foot traffic and strong brand exposure. The property's single-story design provides easy navigation and accessibility for both customers and employees. This is an exceptional opportunity to secure a retail space in a thriving commercial area with significant potential for growth and return on investment. The strategic location on Highway 6 and Richmond Avenue ensures maximum visibility and accessibility, making it an attractive option for businesses seeking a strong presence in a busy commercial corridor. Don't miss this chance to secure your place in this established and successful retail center.

    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
    -95.6447
    Latitude
    29.7287

    Comparable in this City

    • Value Estimation
      $1,730,000
      234,296 SF

      900 Oaks Mall

      DEPARTMENT STORE • 234,296 SF
      900 Oaks Mall, Houston, TX 77082-1728
      View Details
    • Value Estimation by Request
      683,000 SF

      2660 Eldridge Pkwy

      Power centers • 683,000 SF
      2660 Eldridge Pkwy, Houston, TX 77082
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    • Value Estimation by Request
      22,320 SF

      3711-3715 Highway 6

      Neighborhood centers • 22,320 SF
      3711-3715 Highway 6, Houston, TX 77082
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    • Value Estimation by Request
      13,484 SF

      2673 Texas 6

      Medical offices • 13,484 SF
      2673 Texas 6, Houston, TX 77082
      View Details
    • Value Estimation by Request
      24,000 SF

      3418 Texas 6

      Retail properties • 24,000 SF
      3418 Texas 6, Houston, TX 77082
      View Details
    • Value Estimation by Request
      25,415 SF

      3320 Texas 6

      Lifestyle centers • 25,415 SF
      3320 Texas 6, Houston, TX 77082
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,600 SF

      Houston Retail Center Investment

      High-traffic retail space, excellent location.
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      9,600 SF

      Retail Property in Houston, TX

      9,600 SF retail property available in Houston, Texas.
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      5,658 SF

      Highway 6 South Auto Shop

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    • $1,300,000
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      Houston Car Wash Business Opportunity

      Full-service car wash in a high-traffic Houston location.
      12573 Richmond Ave, Houston, TX 77082
      View Details
    • $6,500,000
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      New Car Wash on Highway

      Newly built express car wash on high-traffic Houston corridor.
      3703 Highway 6 S, Houston, TX 77082
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      31,250 SF

      Prime Houston Car Wash Business

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    Similar Nearby for Lease

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      13,484 SF

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      Houston medical office space for lease.
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      12,500 SF

      Houston Retail Space For Lease

      Prime Retail Space, 12,500 SF Total
      12001 Richmond Ave, Houston, TX 77082
      View Details
    • $22 SF/Yr
      141,498 SF

      Westheimer Retail Space Available

      Houston Retail Build-to-Suit Opportunity
      12523 Westheimer Rd, Houston, TX 77082
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    • Contact for pricing
      15,275 SF

      Royal Oaks Medical/Creative Office Space

      15,275 SF, 2 spaces available, prime location.
      12002 Richmond Ave, Houston, TX 77082
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    • Contact for pricing
      6,572 SF

      Westheimer Oaks Plaza Retail Space

      Prime West Houston Retail/Office Opportunity
      15300 Westheimer Rd, Houston, TX 77082
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    • $16 SF/Yr
      22,320 SF

      Westpark Crossing Retail Center

      Houston Retail Space Available
      3711-3715 State Highway 6, Houston, TX 77082
      View Details
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    2808 Texas 6
    Houston, TX 77082
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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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