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    6034 Bellaire Blvd Houston, TX 77081-5402
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    Property profile & analytics

    6034 Bellaire Blvd Houston, TX 77081-5402

    View on Map
    • Warehouses
    • 14,881 SF
    • 1.53 lot acres
    Off-Market
    Last Sale Oct 26, 2021
    Property ID
    US82-4621022
    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.
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Any Wrecker Services / Auto Repair Shop / Auto Parts Store
    • RB Auto & Collision Center / Auto Repair Shop
    • ORO Playing Cards / Department Store
    • Fiesta / Department Store
    • Rohiras Inc / Real Estate Agency

    Property Details for 6034 Bellaire Blvd

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    1.53 lot acres
    Property size
    14,881 SF
    Property type
    Warehouses
    APN
    370620030103
    APU
    370620030103

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $575,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $849,000
      Market price range: $444k - $973k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $680,000
      Current use
      COMMERCIAL (GENERAL)
      $1,090,000
      Change: +60% Conversion: Difficult
      MEDICAL BUILDING
      $950,000
      Change: +40% Conversion: Difficult
      RETAIL STORES
      $800,000
      Change: +18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4882
    Latitude
    29.7064
    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
    $36,562
    $1,033,700
    $636,405
    $1,670,105
    -
    $1,033,700
    $636,405
    $1,670,105

    Comparable in this City

    • Value Estimation
      $2,545,000
      38,640 SF

      6220 Alder Dr, Unit 4128

      WAREHOUSE, STORAGE • 38,640 SF
      6220 Alder Dr, Houston, TX 77081-4069
      View Details
    • Value Estimation
      $2,065,000
      30,952 SF

      5440 Alder Dr

      WAREHOUSE, STORAGE • 30,952 SF
      5440 Alder Dr, Houston, TX 77081-1704
      View Details
    • Value Estimation
      $1,770,000
      65,400 SF

      5410 Jessamine St

      MINI-WAREHOUSE, STORAGE • 65,400 SF
      5410 Jessamine St, Houston, TX 77081
      View Details
    • Value Estimation
      $1,195,000
      53,367 SF

      7215 Ashcroft Dr

      WAREHOUSE, STORAGE • 53,367 SF
      7215 Ashcroft Dr, Houston, TX 77081-6308
      View Details
    • Value Estimation
      $1,015,000
      14,750 SF

      5511 Renwick Dr

      WAREHOUSE, STORAGE • 14,750 SF
      5511 Renwick Dr, Houston, TX 77081-1507
      View Details
    • Value Estimation
      $3,095,000
      161,872 SF

      5603 Rice Ave

      MINI-WAREHOUSE, STORAGE • 161,872 SF
      5603 Rice Ave, Houston, TX 77081-2117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      Single tenant industrial warehouse space available for lease.
      5126 Ashbrook Dr, Houston, TX 77081
      View Details
    • $16 SF/Yr

      Houston Flex Space For Lease

      Flex space available for lease in Houston, Texas.
      5304 Ashbrook Dr, Houston, TX 77081
      View Details
    • Contact for pricing
      1,922 SF

      Industrial Space Available For Lease

      1,922 square feet of warehouse space for rent.
      5250 Gulfton St, Houston, TX 77081
      View Details
    • Contact for pricing

      Warehouse Space in Southwest Corridor

      20,000 SF warehouse space available in Houston's Southwest Corridor.
      5919 Jessamine St, Houston, TX 77081
      View Details
    • Contact for pricing
      12,400 SF

      Office/Flex Building with Fenced Yard

      Two-story office/flex building featuring onsite management and fenced yard.
      5304 Ashbrook Dr, Houston, TX 77081
      View Details
    • Contact for pricing
      26,531 SF

      Bellaire Medical Plaza Office Space

      Three-story medical office building in the heart of Bellaire.
      5420 Dashwood Dr, Houston, TX 77081
      View Details
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    Houston, TX 77081-5402
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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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