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    Property profile & analytics

    6115 Skyline Dr Houston, TX 77057-7029

    • Warehouses
    • 23,904 SF
    • 1.01 lot acres
    OFF-MARKET
    Value Estimations
    $1,005,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3741063
    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

    • Arcadia Lighting, LLC / Industrial Manufacturer
    • House Pro Air Conditioning / HVAC Service / General Contractor
    • Custom Central Systems Inc / Hardware & Home Improvement / HVAC Service
    • Lounev Advisory Services / Accounting Firm

    Property Details for 6115 Skyline Dr

    Year built
    1964
    Construction
    CONCRETE BLOCKS
    Lot size
    1.01 lot acres
    Property size
    23,904 SF
    Property type
    Warehouses
    APN
    690440070215
    APU
    690440070215

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,125,000
      Market price range: $711k - $2.01M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,340,000
      Current use
      RETAIL STORES
      $1,195,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.489
    Latitude
    29.728
    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
    $45,109
    $1,325,490
    $933,629
    $2,259,119
    -
    $1,325,490
    $933,629
    $2,259,119

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      6209 Skyline Dr

      Distribution properties • 43,573 SF
      6209 Skyline Dr, Houston, TX 77057
      View Details
    • Value Estimation
      $2,220,000
      35,388 SF

      6015 Skyline Dr

      WAREHOUSE, STORAGE • 35,388 SF
      6015 Skyline Dr, Houston, TX 77057-7003
      View Details
    • Value Estimation
      $1,015,000
      13,687 SF

      6333 Skyline Dr

      WAREHOUSE, STORAGE • 13,687 SF
      6333 Skyline Dr, Houston, TX 77057-6901
      View Details
    • Value Estimation by Request
      2,217 SF

      2305 Voss Rd, Unit 552

      MINI-WAREHOUSE, STORAGE • 2,217 SF
      2305 Voss Rd, Houston, TX 77057-3807
      View Details
    • Value Estimation
      $2,730,000
      31,365 SF

      6336 Fairdale Ln

      MINI-WAREHOUSE, STORAGE • 31,365 SF
      6336 Fairdale Ln, Houston, TX 77057-5202
      View Details
    • Value Estimation
      $850,000
      27,254 SF

      6320 Fairdale Ln

      WAREHOUSE, STORAGE • 27,254 SF
      6320 Fairdale Ln, Houston, TX 77057-5202
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Flex Space For Sale

      Flex space featuring office and warehouse components on 1.87 acres.
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      View Details
    • $2,100,000
      10,325 SF

      Houston Retail/Industrial Corner Property

      High-visibility commercial property in Houston's Galleria/Uptown area.
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      View Details
    • $2,200,000

      Prime Redevelopment Opportunity Near Galleria

      One-acre property with flex space near Galleria and major freeways.
      6010 Fairdale Ln, Houston, TX 77057
      View Details
    • Contact for pricing
      43,573 SF

      Prime Commercial Land Galleria District

      1 acre commercial lot in the Galleria district.
      6209 Skyline Dr, Houston, TX 77057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Accessible Warehouse Near Galleria, Houston

      Warehouse with great access to Galleria, Harwin, Bellaire, and freeways.
      6100 Skyline Dr, Houston, TX 77057
      View Details
    • $1,425 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • Contact for pricing

      Renovated Office Building with Parking

      Multi-use office spaces available in a renovated building.
      6220 Westpark Dr, Houston, TX 77057
      View Details
    • Contact for pricing

      Retail Space in Tanglewood Center

      Retail space in a densely populated, high-income Houston area.
      5775 Woodway Dr, Houston, TX 77057
      View Details
    • Contact for pricing

      Four-Story Office and Retail Building

      31,241 SF office and retail building for lease.
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      View Details
    • Contact for pricing

      Boutique Office Building For Rent

      Boutique office building in San Felipe/Voss area near Uptown.
      2425 Fountain View Dr, Houston, TX 77057
      View Details
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    6115 Skyline Dr
    Houston, TX 77057-7029
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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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