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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6003 Shepherd Dr Houston, TX 77091-4255

    • Warehouses
    • 21,070 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4359237
    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

    • Purple Furniture / Furniture & Home Goods / Home Decor Store
    • Houston Direct T Shirts / Big Box & Wholesale Store
    • the buchones nightclub / Restaurant
    • Nema tires / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • pacas de ropa diamante / Big Box & Wholesale Store

    Property Details for 6003 Shepherd Dr

    Year built
    1979
    Construction
    METAL FRAME
    Lot size
    0.85 lot acres
    Property size
    21,070 SF
    Property type
    Warehouses
    APN
    222460000234
    APU
    222460000234

    Description

    This exceptional Harris County business park offers three available warehouse/flex/showroom spaces, totaling 39,000 square feet. Strategically located along N Shepherd Dr, this multi-tenant property provides convenient access to major thoroughfares, including I-45 (one mile), 610 (three miles), and Beltway 8 (six miles). Units range from 2,000 to 4,800 contiguous square feet, with a minimum divisible space of 2,000 square feet. The property features two buildings situated on 1.75 acres of land, offering ample space for various business needs. Each unit boasts desirable features including 20-foot warehouse clear height ceilings, front-loading grade-level doors measuring 14 feet wide by 14 feet high. The property is fully fenced and gated for enhanced security. The buildings are exceptionally well-insulated, providing energy efficiency. This turn-key opportunity is ideal for businesses seeking flexible and functional warehouse or showroom space in a prime location with excellent accessibility. Contact us today to learn more about leasing options and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $815,000
      Market price range: $712k - $1.71M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,275,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,075,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4131
    Latitude
    29.8522
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,276
    $442,020
    $948,131
    $1,390,151
    -
    $442,020
    $948,131
    $1,390,151

    Comparable in this City

    • Value Estimation
      $2,525,000
      110,791 SF

      430 Parker Rd, Unit 701

      MINI-WAREHOUSE, STORAGE • 110,791 SF
      430 Parker Rd, Houston, TX 77091-3203
      View Details
    • Value Estimation
      $1,150,000
      12,800 SF

      5550 Antoine Dr

      MINI-WAREHOUSE, STORAGE • 12,800 SF
      5550 Antoine Dr, Houston, TX 77091-4803
      View Details
    • Value Estimation
      $675,000
      9,196 SF

      4703 Creekmont Dr

      WAREHOUSE, STORAGE • 9,196 SF
      4703 Creekmont Dr, Houston, TX 77091-5115
      View Details
    • Value Estimation
      $830,000
      12,255 SF

      6320 Shepherd Dr

      WAREHOUSE, STORAGE • 12,255 SF
      6320 Shepherd Dr, Houston, TX 77091-3355
      View Details
    • Value Estimation by Request
      11,200 SF

      414 Tidwell Rd

      WAREHOUSE, STORAGE • 11,200 SF
      414 Tidwell Rd, Houston, TX 77091-4337
      View Details
    • Value Estimation
      $1,165,000
      15,870 SF

      6434 Stuebner Airline Rd

      WAREHOUSE, STORAGE • 15,870 SF
      6434 Stuebner Airline Rd, Houston, TX 77091-3322
      View Details

    Similar Nearby for Sale

    • $299,900

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      Fully renovated duplex with warehouse, move-in ready with income potential.
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      Houston Warehouse: 10,500 SF

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      Land available in a growing area with new concrete roads.
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    Similar Nearby for Lease

    • Contact for pricing
      10,500 SF

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      Spacious Houston warehouse, ready for occupancy.
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      View Details
    • $2,575,000
      9,250 SF

      Industrial Property with Exterior Storage

      9,250 SF industrial space with stabilized storage yard for lease.
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      165,456 SF

      Crane & Rail-Served Manufacturing Facility

      165,456 SF manufacturing facility with cranes and rail access.
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      View Details
    • $2,799 /Mo
      1,892 SF

      Gated Community Home Near Downtown

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      Houston Retail Center Investment Opportunity

      Prime Houston retail space, multiple units available.
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    • Contact for pricing

      Freestanding Drive-Thru Restaurant Opportunity

      Half-acre lot with drive-thru, ready for new tenant.
      7473 N Shepherd Dr, Houston, TX 77091
      View Details
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    Houston, TX 77091-4255
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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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