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    6209 Skyline Dr Houston, TX 77057
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    6209 Skyline Dr Houston, TX 77057

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    • Commercial land
    • 43,573 SF
    For Sale
    $1,990,000
    View Listing →
    Prime Commercial Land Galleria District For Sale
    $1,990,000
    43,573 SF

    Prime Commercial Land Galleria District

    1 acre commercial lot in the Galleria district.

    6209 Skyline Dr, Houston, TX 77057
    View Listing
    Property ID
    US82-3367063
    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

    • Iglesia Internacional Cristo Viene / Church
    • City Chick Fashion / (Bike/Boat/Book/etc) Store

    Property Details for 6209 Skyline Dr

    Property size
    43,573 SF
    Property type
    Commercial land
    Property subtype
    Mixed-use properties

    Description

    A rare opportunity: 1 acre commercial ready in highly sought after Galleria district. This property is ready for a business who needs a strategically located service hub- save on gas, time and ultimately money being close to I-610 and 59 highways. Just 2.2 miles away from the buzz of Galleria mall, a blank canvas eagerly awaits your business. Perfect for an investor, ready to transform the 1 acre lot into a bustling commercial hub. Prime location for lots of opportunity. Property has 3 tenant occupied structures which could be torn down or renovated. Tenant is month to month and needs 60 day notice. This 1-acre lot is next door to a commercial landscaping company and business office. With the I-610/59 highways conveniently accessible, the whole of Houston is within your reach. The possibilities are endless, schedule a tour to start envisioning today! Current structures can be torn down or renovated. Possible owner financing. Showing of buildings during option period- do not disturb the tenants. Property is Zone X, an area that is determined to be outside of the 100 and 500 year floodplains.

    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
    Fort Bend
    State
    Texas
    Longitude
    -95.4903809
    Latitude
    29.7278721

    Comparable in this City

    • $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
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      Augusta Drive Land Opportunity

      Land near Tanglewood and Briargrove with redevelopment potential.
      1011 Augusta Dr, Houston, TX 77057
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    • $1,990,000

      Unrestricted Acre in Galleria District

      One acre of unrestricted land near the Galleria mall.
      6209 Skyline Dr, Houston, TX 77057
      View Details
    • Contact for pricing
      41,351 SF

      Richmond Avenue Corner Land

      Corner land available on Richmond Avenue, Houston.
      5800 Richmond Ave, Houston, TX 77057
      View Details

    Similar Nearby for Sale

    • $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
    • $1,990,000

      Unrestricted Acre in Galleria District

      One acre of unrestricted land near the Galleria mall.
      6209 Skyline Dr, Houston, TX 77057
      View Details
    • Contact for pricing

      Augusta Drive Land Opportunity

      Land near Tanglewood and Briargrove with redevelopment potential.
      1011 Augusta Dr, Houston, TX 77057
      View Details
    • Contact for pricing
      41,351 SF

      Richmond Avenue Corner Land

      Corner land available on Richmond Avenue, Houston.
      5800 Richmond Ave, Houston, TX 77057
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pad Site Near Uptown Area

      Pad site near Galleria Mall and Wisdom High School.
      6367 Richmond Ave, Houston, TX 77057
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      Retail Space Near Galleria

      Retail building near Galleria, Westheimer, and major highways.
      2655 Winrock Blvd, Houston, TX 77057
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      Modern Flexible Office Space

      Private offices with shared amenities in a convenient location.
      5757 Woodway Dr, Houston, TX 77057
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    • Contact for pricing

      Renovated Office Building in Tanglewood

      Recently renovated office building in a highly desirable location.
      5757 Woodway Dr, Houston, TX 77057
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      2,831 SF

      Houston Office Space For Rent

      20234 square feet of office space available for rent.
      2000 Bering Dr, Houston, TX 77057
      View Details
    • Contact for pricing
      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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    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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