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

    6030 Rice Ave Houston, TX 77081-2943

    • Retail space
    • 15,488 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0844885
    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

    • Work Tyvan / Corporate Office
    • Vo Thomas T MD / Physician
    • Nutex Health, Inc. / Medical Group
    • Tyvan Medical Billing & Coding / Medical Billing Service

    Property Details for 6030 Rice Ave

    Year built
    1968
    Construction
    STONE
    Lot size
    1.00 lot acres
    Property size
    15,488 SF
    Property type
    Retail space
    APN
    370540150032
    APU
    370540150032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4686
    Latitude
    29.7154
    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
    2022
    $31,382
    $656,250
    $921,441
    $1,577,691
    -
    $656,250
    $921,441
    $1,577,691

    Comparable in this City

    • Value Estimation
      $725,000
      16,305 SF

      5602 Royalton St

      RETAIL STORES (PERSONAL SERVICES) • 16,305 SF
      5602 Royalton St, Houston, TX 77081-2010
      View Details
    • Value Estimation
      $615,000
      11,505 SF

      6108 Rice Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,505 SF
      6108 Rice Ave, Houston, TX 77081-2983
      View Details
    • Value Estimation
      $680,000
      14,638 SF

      6223 Bellaire Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,638 SF
      6223 Bellaire Blvd, Houston, TX 77081-4901
      View Details
    • Value Estimation by Request
      4,788 SF

      6208 Rice Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,788 SF
      6208 Rice Ave, Houston, TX 77081-2915
      View Details
    • Value Estimation by Request
      3,916 SF

      6113 Clarewood Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,916 SF
      6113 Clarewood Dr, Houston, TX 77081-4252
      View Details
    • Value Estimation by Request
      6,885 SF

      6001 Bissonnet St

      RETAIL STORES (PERSONAL SERVICES) • 6,885 SF
      6001 Bissonnet St, Houston, TX 77081-6966
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,316 SF

      Retail Center at Bellaire Boulevard

      Retail center built in 2006 on 1.35 acres.
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      Prime Houston Shopping Center

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      Retail Property on Bellaire Boulevard

      Retail property available for sale on Bellaire Boulevard.
      5601 Bellaire Blvd, Houston, TX 77081
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      Land For Sale Houston

      Land available for sale at 6627 Chimney Rock Road.
      6627 Chimney Rock Rd, Houston, TX 77081
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    • $179,990

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      Spacious building suitable for industrial, commercial, or church use.
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    Similar Nearby for Lease

    • $20 SF/Yr
      1,375 SF

      Retail Space in Houston Center

      Retail space for lease in a densely populated Houston area.
      5700 Bellaire Blvd, Houston, TX 77081
      View Details
    • $20 SF/Yr
      58,646 SF

      Houston Retail Plaza: Prime Location

      Five retail spaces available, 998-2500 sq ft.
      5700 Bellaire Blvd, Houston, TX 77081
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    • Contact for pricing
      25,560 SF

      Retail Space on Chimney Rock

      Retail property available for lease on Chimney Rock Road.
      6025 Chimney Rock Rd, Houston, TX 77081
      View Details
    • Contact for pricing
      80,963 SF

      Bellaire Medical Center: Houston

      80,963 SF Medical Building, Multiple Suites Available
      5314 Dashwood Dr, Houston, TX 77081
      View Details
    • Contact for pricing
      9,900 SF

      West Houston Flex Space Available

      Bellaire Blvd. Retail/Office Space
      5945 Bellaire Blvd, Houston, TX 77081
      View Details
    • Contact for pricing
      51,540 SF

      Blanco West: Flex Space Available

      Houston Flex Space, Multiple Suites
      7417 Hillcroft St, Houston, TX 77081
      View Details
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    6030 Rice Ave
    Houston, TX 77081-2943
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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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