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    Property profile & analytics

    6130 Wheatley St Houston, TX 77091

    • Retail space
    • 3,990 SF
    • 5.68 lot acres
    For Sale
    View listing
    $5,330,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2242280
    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

    • African-American News & Issues, Inc. / Publishing House / Newspaper & Magazine
    • Hispanic News / Publishing House / Newspaper & Magazine
    • Shirley Ann's Black Kollectibles & Flowers / Florist / Wedding Service

    Property Details for 6130 Wheatley St

    Year built
    1950
    Construction
    WOOD FRAME
    Lot size
    5.68 lot acres
    Property size
    3,990 SF
    Property type
    Retail space
    APN
    162780010013
    APU
    162780010013

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $614,000
      Market price range: $201k - $615k

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4282
    Latitude
    29.8545
    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
    $100,695
    $4,208,146
    $765,219
    $4,973,365
    -
    $4,208,146
    $765,219
    $4,973,365

    Comparable in this City

    • Value Estimation
      $940,000
      6,748 SF

      5424 Shepherd Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,748 SF
      5424 Shepherd Dr, Houston, TX 77091-5740
      View Details
    • Value Estimation by Request
      2,970 SF

      6738 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,970 SF
      6738 Montgomery Rd, Houston, TX 77091-3106
      View Details
    • Value Estimation by Request
      4,320 SF

      7510 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,320 SF
      7510 Montgomery Rd, Houston, TX 77091-2124
      View Details
    • Value Estimation by Request
      5,724 SF

      6310 Antoine Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,724 SF
      6310 Antoine Dr, Houston, TX 77091-2617
      View Details
    • Value Estimation by Request
      1,860 SF

      5037 Broom St

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      5037 Broom St, Houston, TX 77091
      View Details
    • Value Estimation by Request
      2,800 SF

      2401 Little York Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      2401 Little York Rd, Houston, TX 77091-1615
      View Details

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    Similar Nearby for Lease

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      Retail Space Available For Lease

      Retail space available for lease in Houston, Texas.
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      Houston Retail Center Investment Opportunity

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    • $40,677
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      Houston Commercial Land Lease

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      View Details
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    6130 Wheatley St
    Houston, TX 77091
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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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