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Property profile & analytics
FOR LEASE
Office buildings
6363 Richmond Ave, Houston, TX 77006
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2949752
For Lease
1 / 4
$14 SF/Yr
6363 Richmond Ave, Houston, TX 77006
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Property summary
AI-generated overview
6363 Richmond Ave in Houston, Texas, offers 4,250 square feet of immediately available executive office space within a larger 46,700 square foot, five-story multi-tenant building. The property is classified as Class C and boasts a convenient location on Richmond Avenue, providing easy access to major thoroughfares including the Southwest Freeway, Westpark Tollway, and Loop 610. This makes it an ideal location for businesses needing convenient access to Houston's transportation network. The building offers multiple tenancy options, with spaces ranging from 330 square feet to the currently available 4,250 square feet. Ample parking is available, with a ratio of 3.9 spaces per 1,000 square feet of building area. The property's address is 6363 Richmond Ave, Houston, TX 77057. This presents a unique opportunity for businesses seeking efficient, well-located office space in a thriving Houston market. The available space is ready for immediate occupancy. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,500 SF
Lot
1.27 ac (55,282 SF)
APN
460980010017
UPID
US82-2949752
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
-
Karr Limousine Car Rental Facility
-
Global Health Alliance Institute Training Center
-
The Immigration Force Law Firm
-
New Heights Medspa Spa & Massage Center
-
SpinPointz Media Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$650k
Owner & transaction history
6363 Richmond Management · 12 yrs held
6363 Richmond Management
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$14 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$50,738
Tax year 2022
Assessed value
$2,617,370
Assessed 2024
Previous assessed
$2,518,243
+3.9% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,934,870
Assessed improvement
$682,500
Land market value
$1,934,870
Improvement market value
$682,500
Total market value
$2,617,370
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
5
Total area
45,500 SF
Lot
1.27 ac (55,282 SF)
APN
460980010017
UPID
US82-2949752
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
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
6363 Richmond Management
Entity
Free & Clear · 12 yrs held
Mailing address
45 INVERRARY LN, SUGAR LAND, TX 77479-2514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jul 12, 2013
—
6363 Richmond Management
Bhandara Family Living Trust
Warranty Deed
related
—
—
—
Bhandara,tr
—
Deed Of Trust
related
$2,000,000 · Standard Insurance Co
—
—
Shandara Trust
—
Deed Of Trust
related
$500,000 · Wallis State Bank
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.
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