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    6116 Skyline Dr Houston, TX 77057
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    Property profile & analytics

    6116 Skyline Dr Houston, TX 77057

    View on Map
    • Warehouses
    • 66,138 SF
    • 2.02 lot acres
    For Lease
    $1,290,000
    View Listing →
    Functional Office Suites For Rent For Lease
    $1,290,000
    2,333 SF

    Functional Office Suites For Rent

    Office suites with functional layouts and excellent natural light.

    6116 Skyline Drive, Houston, TX
    View Listing
    Property ID
    US82-0175990
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Langley Scott / Trade Show Venue / (Bike/Boat/Book/etc) Store
    • Heroes Delivery & Moving / Moving Company
    • King's Valet / Waste Management Facility / Hazardous Waste Disposal
    • Texas Crime Prevention Agency / Security Service
    • Bespoke LLC / Professional Services

    Property Details for 6116 Skyline Dr

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    2.02 lot acres
    Property size
    66,138 SF
    Property type
    Warehouses
    APN
    690440040183
    APU
    690440040183

    Description

    This exceptional retail property, located at 6116 Skyline Dr in Houston, Texas, offers a fantastic opportunity for businesses seeking flexible space in a vibrant market. The building boasts a total of 5,357 square feet, spread across two stories, and is currently entirely vacant, presenting a unique chance to customize the space to perfectly suit your needs. Multiple tenancy options are available, with spaces ranging from a minimum of 454 square feet to a maximum contiguous space of 5,357 square feet. This allows for businesses of various sizes to find the ideal fit. The property is conveniently situated in Harris County, with easy access to major transportation routes, ensuring high visibility and accessibility for customers. The property type is classified as retail commercial, making it suitable for a wide range of businesses. The address is 6116 Skyline Dr, Houston, TX 77057. This is a rare opportunity to secure a substantial, adaptable retail space in a prime Houston location. The entire building is available for lease, providing a blank canvas for your business vision. Don't miss out on this chance to establish your presence in a thriving commercial area. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.489
    Latitude
    29.729
    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
    $80,127
    $2,634,600
    $1,350,606
    $3,985,206
    -
    $2,634,600
    $1,350,606
    $3,985,206

    Comparable in this City

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    • Value Estimation
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      35,388 SF

      6015 Skyline Dr

      WAREHOUSE, STORAGE • 35,388 SF
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    • Value Estimation
      $1,015,000
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      6333 Skyline Dr

      WAREHOUSE, STORAGE • 13,687 SF
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    • Value Estimation by Request
      2,217 SF

      2305 Voss Rd, Unit 552

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      2305 Voss Rd, Houston, TX 77057-3807
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    • Value Estimation
      $2,730,000
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      6336 Fairdale Ln

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

      6320 Fairdale Ln

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

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    • $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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      10,000 SF

      Accessible Warehouse Near Galleria, Houston

      Warehouse with great access to Galleria, Harwin, Bellaire, and freeways.
      6100 Skyline Dr, Houston, TX 77057
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      Retail Space Near Galleria

      Retail building near Galleria, Westheimer, and major highways.
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      Modern Flexible Office Space

      Private offices with shared amenities in a convenient location.
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      Renovated Office Building in Tanglewood

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      2,831 SF

      Houston Office Space For Rent

      20234 square feet of office space available for rent.
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      5,460 SF

      Retail Space Available For Rent

      Retail space available for lease in Houston, Texas.
      2633 Winrock Blvd, Houston, TX 77057
      View Details
    View Listing
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    6116 Skyline Dr
    Houston, TX 77057
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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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