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Property profile & analytics
FOR SALE
Retail space
6130 Wheatley St Houston, TX 77091
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-2242280
For Sale
1 / 50
$4,900,000
6130 Wheatley St, Houston, TX 77091
View Listing →
Property summary
AI-generated overview
This exceptional 247,538 square foot commercial property presents a significant investment opportunity in Houston's desirable Highland Heights area of eastern Harris County, Texas. The site boasts two existing single-occupancy retail buildings, totaling 7,954 square feet (3,790 sf and 4,164 sf), each featuring canopies and ample light concrete paving. A third building provides additional storage space. A substantial area of vacant land offers significant potential for expansion, allowing for diverse development options to suit a variety of commercial uses. The property's strategic location near the Port of Houston provides unparalleled access for businesses involved in international trade, offering a distinct advantage in logistics and distribution. The asking price for this expansive and versatile property is $6,500,000. The property is zoned for mixed-use development, encompassing land, office, and retail uses, making it an ideal investment for both established businesses and forward-thinking developers seeking a prime location with substantial growth potential in a thriving Houston market. The address is 6130 Wheatley St, Houston, TX 77091.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
WOOD FRAME
Total area
3,990 SF
Lot
5.68 ac (247,538 SF)
APN
162780010013
UPID
US82-2242280
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
African-American News & Issues, Inc. Publishing House Newspaper & Magazine
-
Hispanic News Publishing House Newspaper & Magazine
-
Shirley Ann's Black Kollectibles & Flowers Florist Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$565k
Owner & transaction history
Willmal Holding LLC · 8 yrs held
Willmal Holding LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$825,000
+93.4%
Auto repair, garage
$425,000
+0.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$425,000
Current use
COMMERCIAL (GENERAL)
$825,000
Change: +93% · Conversion: Easy
AUTO REPAIR, GARAGE
$425,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$100,695
Tax year 2022
Assessed value
$4,973,365
Assessed 2024
Previous assessed
$4,997,720
-0.5% YoY
Effective rate
2.02%
On assessed value
Assessed land
$4,208,146
Assessed improvement
$765,219
Land market value
$4,208,146
Improvement market value
$765,219
Total market value
$4,973,365
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
3,990 SF
Lot
5.68 ac (247,538 SF)
APN
162780010013
UPID
US82-2242280
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$425,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
5.68 ac
Current owner
From public records · entity-resolved
Willmal Holding LLC
Entity
Mailing address
28820 FM 1736TH RD, HEMPSTEAD, TX 77445-7204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2025
—
Williaml Holding LLC
—
Deed
related
$167,700 · United States Small Business Admin
Feb 15, 2018
—
Willmal Holding LLC
Malonson Co INC
Warranty Deed
related
—
Dec 8, 2017
—
African-american News & Issues
—
Deed
related
—
—
—
African-american News & Issues
—
Deed Of Trust
related
$440,000 · Amegy Bank NA
—
—
African-american News & Issues
—
Deed Of Trust
related
$440,000 · Amegy Bank NA
—
—
Malonson Co INC
—
Deed Of Trust
related
$337,500 · Southwest Bank Of Texas
—
—
African-american News & Issues
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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