Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6340 Westheimer Rd Houston, TX 77057-5104

    • Bars & Pubs
    • 10,371 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3787174
    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

    • Loco / Nightclub / DJ & Entertainment
    • Polekatz Houston Gentlemen's Club / Nightclub / DJ & Entertainment

    Property Details for 6340 Westheimer Rd

    Year built
    1968
    Construction
    CONCRETE BLOCKS
    Lot size
    0.57 lot acres
    Property size
    10,371 SF
    Property type
    Bars & Pubs
    APN
    1010010000003
    APU
    1010010000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4961
    Latitude
    29.7381
    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
    $36,594
    $1,123,200
    $805,113
    $1,928,313
    -
    $1,123,200
    $805,113
    $1,928,313

    Comparable in this City

    • Value Estimation
      $675,000
      11,234 SF

      5913 Westheimer Rd

      BAR, TAVERN • 11,234 SF
      5913 Westheimer Rd, Houston, TX 77057-7603
      View Details
    • Value Estimation by Request
      2,580 SF

      6002 Fairdale Ln

      BAR, TAVERN • 2,580 SF
      6002 Fairdale Ln, Houston, TX 77057-6102
      View Details
    • Value Estimation
      $790,000
      18,818 SF

      6400 Richmond Ave

      BAR, TAVERN • 18,818 SF
      6400 Richmond Ave, Houston, TX 77057-5912
      View Details
    • Value Estimation by Request
      8,370 SF

      2618 Winrock Blvd

      NIGHTCLUB (COCKTAIL LOUNGE) • 8,370 SF
      2618 Winrock Blvd, Houston, TX 77057-4306
      View Details
    • Value Estimation by Request
      7,772 SF

      5718 Fairdale Ln

      BAR, TAVERN • 7,772 SF
      5718 Fairdale Ln, Houston, TX 77057-6303
      View Details
    • Value Estimation by Request
      6,168 SF

      3113 Bering Dr

      NIGHTCLUB (COCKTAIL LOUNGE) • 6,168 SF
      3113 Bering Dr, Houston, TX 77057-6308
      View Details

    Similar Nearby for Sale

    • $3,200,000

      Westheimer Retail/Restaurant Opportunity

      High-visibility standalone property on Westheimer Rd in the Galleria submarket.
      6504 Westheimer Rd, Houston, TX 77057
      View Details
    • Contact for pricing
      16,194 SF

      Luxury Spa & Rooftop Restaurant

      Houston, TX Turn-Key Opportunity
      0 Potomac 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
    • $2,100,000
      10,325 SF

      Houston Retail/Industrial Corner Property

      High-visibility commercial property in Houston's Galleria/Uptown area.
      3361 Fountain View Dr, Houston, TX 77057
      View Details
    • Contact for pricing
      8,907 SF

      Retail Space Available in Houston

      Retail property available for lease in Houston, Texas.
      2613 Potomac Dr, Houston, TX 77057
      View Details
    • Contact for pricing
      12,695 SF

      Retail Space in Galleria Area

      Highly visible retail space in Houston's Galleria/Uptown area.
      6213 Richmond Ave, Houston, TX 77057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,437 SF

      Retail Redevelopment in Houston, TX

      Retail space for lease in prime Houston location.
      6414 San Felipe St, Houston, TX 77057
      View Details
    • Contact for pricing

      Commercial Kitchen Spaces for Rent

      Private, industrial commercial kitchens suitable for various food operations.
      5832 Fairdale Ln, Houston, TX 77057
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Houston, Texas.
      5706 San Felipe St, Houston, TX 77057
      View Details
    • Contact for pricing

      Retail Space in Tanglewood Center

      Retail space in a densely populated, high-income Houston area.
      5775 Woodway Dr, Houston, TX 77057
      View Details
    • Contact for pricing
      9,000 SF

      Proposed Retail Space For Lease

      Retail space for lease near Galleria Mall and major thoroughfares.
      6415 Richmond Ave, Houston, TX 77057
      View Details
    • Contact for pricing

      Four-Story Office and Retail Building

      31,241 SF office and retail building for lease.
      5959 Richmond Ave, Houston, TX 77057
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6340 Westheimer Rd
    Houston, TX 77057-5104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!