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Property profile & analytics
FOR LEASE
Distribution centers
6356 Clara Rd Houston, TX 77041
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3201888
For Lease
$6,580,000
6356 Clara Rd, Houston, TX 77041
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
STEEL & CONCRETE
Total area
150,480 SF
Lot
7.5 ac (326,513 SF)
APN
1151820050001
UPID
US82-3201888
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Nishimoto Trading Co. Ltd/Wismettac Asian Foods Big Box & Wholesale Store
-
TIREHUB LLC Distribution Center Logistics Company
-
Bridgestone Firestone Tire Wholesale Distribution Warehouse Warehouse & Storage
-
JanPak Inc. Big Box & Wholesale Store
-
The Home Depot Pro Institutional Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.58M
Blend (final)
Blend
$6.58M
Owner & transaction history
Prologis Tlf Houston LLC · 17 yrs held
Prologis Tlf Houston LLC
since 2009
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.3M
+75.8%
Auto repair, garage
$9.6M
+64.9%
Medical building
$9.6M
+64.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,830,000
Current use
RETAIL STORES
$10,250,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,615,000
Change: +65% · Conversion: Easy
MEDICAL BUILDING
$9,605,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,410,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,240,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$6.58M
Range $5.92M – $7.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$44 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$192,454
Tax year 2023
Assessed value
$16,601,306
Assessed 2024
Previous assessed
$16,601,306
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,795,822
Assessed improvement
$14,805,484
Land market value
$1,795,822
Improvement market value
$14,805,484
Total market value
$16,601,306
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2006
Construction
STEEL & CONCRETE
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Total area
150,480 SF
Lot
7.5 ac (326,513 SF)
APN
1151820050001
UPID
US82-3201888
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.8M
RETAIL STORES
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$9.6M
MEDICAL BUILDING
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
STEEL & CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
7.5 ac
Current owner
From public records · entity-resolved
Prologis Tlf Houston LLC
Entity
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2009
—
Prologis Tlf Houston LLC
Prologis
Quit Claim Deed
related
—
—
—
Prologis Texas III LLC
—
Deed Of Trust
related
$4,408,000 · Miscellaneous Ins Co
—
—
Prologis Texas III LLC
—
Deed Of Trust
related
$5,953,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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