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    6217 Nuben St Houston, TX 77091
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    6217 Nuben St Houston, TX 77091

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    • Residential land & home lots
    Off-Market
    Property ID
    US82-0042968
    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

    • Residential land & home lots

    Property Details for 6217 Nuben St

    Property type
    Residential land & home lots

    Description

    Be certain to view the brochure in documents. This property is in the acres homes community near the independence heights neighborhood. Two adjoining lots are approximately 12,287 sf with utilities available. Two new developments are within the same block and throughout the surrounding area. Here’s an opportunity to have enough land to build a home, an estate, patio homes or townhomes. Please view the pictures and video.

    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
    -95.4524413
    Latitude
    29.855179

    Comparable in this City

    • $130,500

      Prime Land Ready for Redevelopment

      Three adjacent lots ideal for commercial or residential projects.
      2027 W Little York Rd, Houston, TX 77091
      View Details
    • $74,900

      Residential Lot in North Houston

      Spacious lot in a growing area with easy highway access.
      6302 Ezzard Charles Ln, Houston, TX 77091
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    • $880,000

      Shovel-Ready Lots in Highland Heights

      Thirteen oversized lots ready for immediate development in thriving Houston neighborhood.
      3318 Paul Quinn St, Houston, TX 77091
      View Details
    • $270,000

      Residential Land with Tear Down

      Two lots with tear-down home, flat vacant land, gated.
      824 W Rittenhouse Rd, Houston, TX 77091
      View Details
    • $285,000

      Residential Land in Highland Heights

      Land with potential near major highways and downtown Houston.
      814 Davidson St, Houston, TX 77091
      View Details
    • $150,000

      Residential Lot in Developing Area

      7500 sqft lot in rapidly developing Acres Homes.
      2407 Cliffdale St, Houston, TX 77091
      View Details

    Similar Nearby for Sale

    • $130,500

      Prime Land Ready for Redevelopment

      Three adjacent lots ideal for commercial or residential projects.
      2027 W Little York Rd, Houston, TX 77091
      View Details
    • $74,900

      Residential Lot in North Houston

      Spacious lot in a growing area with easy highway access.
      6302 Ezzard Charles Ln, Houston, TX 77091
      View Details
    • $880,000

      Shovel-Ready Lots in Highland Heights

      Thirteen oversized lots ready for immediate development in thriving Houston neighborhood.
      3318 Paul Quinn St, Houston, TX 77091
      View Details
    • $750,000

      Cleared Acreage Near Downtown Houston

      Prime development opportunity near downtown and Galleria with versatile options.
      1704 Mansfield St, Houston, TX 77091
      View Details
    • $150,000

      Residential Lot in Developing Area

      7500 sqft lot in rapidly developing Acres Homes.
      2407 Cliffdale St, Houston, TX 77091
      View Details
    • $270,000

      Residential Land with Tear Down

      Two lots with tear-down home, flat vacant land, gated.
      824 W Rittenhouse Rd, Houston, TX 77091
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Vacant Land For Lease

      2.93-acre vacant land tract for lease in Houston, TX.
      7301 N Shepherd Dr, Houston, TX 77091
      View Details
    • Contact for pricing

      Former Walgreens Retail Space Available

      13,500 SF retail space on 1.55 acre parcel for rent.
      530 W Little York Rd, Houston, TX 77091
      View Details
    • Contact for pricing

      Industrial Single Tenant Space Available

      13,422 SqFt industrial space for rent.
      5802 W Montgomery Rd, Houston, TX 77091
      View Details
    • Contact for pricing

      Freestanding Drive-Thru Restaurant Opportunity

      Half-acre lot with drive-thru, ready for new tenant.
      7473 N Shepherd Dr, Houston, TX 77091
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Lease

      Retail space available for lease in Houston, Texas.
      7208 N Shepherd Dr, Houston, TX 77091
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Houston, Texas.
      3730 Creekmont Dr, Houston, TX 77091
      View Details
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    6217 Nuben 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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