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    Property profile & analytics

    6320 Eldridge Pkwy Houston, TX 77041-3504

    • Drug stores
    • 15,339 SF
    • 1.68 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4668513
    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

    • Walgreens Photo / Photo Lab / Photo Shop
    • Walgreens Pharmacy / Pharmacy
    • Walgreens / Beauty Supply Store / Convenience Store
    • Western Union / Money Transfer Service
    • Nancy Nguyen / Pharmacy

    Property Details for 6320 Eldridge Pkwy

    Year built
    2004
    Construction
    BRICK
    Lot size
    1.68 lot acres
    Property size
    15,339 SF
    Property type
    Drug stores
    APN
    1263650010004
    APU
    1263650010004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6065
    Latitude
    29.8635
    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
    $15,063
    $730,280
    $1,562,658
    $2,292,938
    -
    $730,280
    $1,562,658
    $2,292,938

    Comparable in this City

    • Value Estimation
      $375,000
      14,916 SF

      5725 Eldridge Pkwy

      DRUG STORE, PHARMACY • 14,916 SF
      5725 Eldridge Pkwy, Houston, TX 77041-6520
      View Details
    • Value Estimation by Request
      3,720 SF

      9733 Brookshire St

      RETAIL STORES (PERSONAL SERVICES) • 3,720 SF
      9733 Brookshire St, Houston, TX 77041-9001
      View Details
    • Value Estimation
      $385,000
      8,886 SF

      13230 Little York Rd

      FINANCIAL BUILDING • 8,886 SF
      13230 Little York Rd, Houston, TX 77041-5808
      View Details
    • Value Estimation
      $315,000
      6,017 SF

      6215 Brittmoore Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 6,017 SF
      6215 Brittmoore Rd, Houston, TX 77041-5114
      View Details
    • Value Estimation
      $325,000
      3,464 SF

      11519 Little York Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 3,464 SF
      11519 Little York Rd, Houston, TX 77041-4919
      View Details
    • Value Estimation
      $275,000
      3,397 SF

      6327 Eldridge Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 3,397 SF
      6327 Eldridge Pkwy, Houston, TX 77041-3503
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,750 SF

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      Prime retail/office space with high visibility and ample parking.
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      Houston Investment Opportunity

      NNN leased auto shop with corporate guarantee.
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    • $1,698,000
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      Houston Auto Shop - Turnkey Business

      Prime location, high-traffic, move-in ready.
      6259 Eldridge Pkwy, Houston, TX 77041
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    • Contact for pricing
      5.50 Acres

      Eldridge Parkway Commercial Land

      5.5 Acres, Prime Houston Location
      6802 Eldridge Pkwy, Houston, TX 77041
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    Similar Nearby for Lease

    • Contact for pricing
      45,000 SF

      Retail Space in Kroger Anchored Center

      45,000 SF retail space available in Houston, Texas.
      6386 N Eldridge Pkwy, Houston, TX 77041
      View Details
    • $12 SF/Yr
      7,500 SF

      Houston Retail/Restaurant Space For Lease

      Excellent lease opportunities in a high-traffic Houston location.
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      View Details
    • Contact for pricing
      125,888 SF

      Houston Medical/Warehouse Space

      Large single-tenant industrial property for lease
      6610 Eldridge Pkwy, Houston, TX 77041
      View Details
    • $18 SF/Yr
      4,500 SF

      Gessner Plaza Office Suites

      Move-in ready Houston office space.
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    • $30 SF/Yr
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      Houston Retail Space - FM 529

      Prime Restaurant/Retail Space Available
      13051 Fm 529 Rd, Houston, TX 77041
      View Details
    • Contact for pricing
      20,200 SF

      Houston Industrial/Office Space For Lease

      20,200 SF, Single Tenant, High-Power
      11050 Little York, Houston, TX 77041
      View Details
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    6320 Eldridge Pkwy
    Houston, TX 77041-3504
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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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