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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6502 Bellaire Blvd Houston, TX 77074-6482

    • Strip malls
    • 9,600 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Aug 28, 2020
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0159175
    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

    • Mega Insurance & Tax Services / Auto Insurance Agency / Commercial Agent
    • Variedades Mi Latino / Uniform Store / Money Transfer Service
    • Vigo / Money Transfer Service / Money Order Service
    • Las Cazuelas / Mexican Restaurant
    • Kabul Grocery / Grocery Store / Asian Grocery Store

    Property Details for 6502 Bellaire Blvd

    Year built
    1999
    Construction
    CONCRETE BLOCKS
    Lot size
    0.44 lot acres
    Property size
    9,600 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    930520000001
    APU
    930520000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $420,000
      Market price range: $146k - $436k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $305,000
      Current use
      RETAIL STORES
      $520,000
      Change: +71% Conversion: Easy
      OFFICE BUILDING
      $485,000
      Change: +60% Conversion: Moderate
      WAREHOUSE, STORAGE
      $415,000
      Change: +37% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4976
    Latitude
    29.7058
    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
    $31,300
    $387,680
    $926,497
    $1,314,177
    -
    $387,680
    $926,497
    $1,314,177

    Comparable in this City

    • Value Estimation
      $665,000
      26,781 SF

      7149 Swsw Fwy

      SHOPPING CENTER, STRIP CENTER • 26,781 SF
      7149 Swsw Fwy, Houston, TX 77074-2001
      View Details
    • Value Estimation
      $950,000
      74,606 SF

      9501 Swsw Fwy

      SHOPPING CENTER, STRIP CENTER • 74,606 SF
      9501 Swsw Fwy, Houston, TX 77074-1409
      View Details
    • Value Estimation
      $575,000
      14,265 SF

      8333 Swsw Fwy

      SHOPPING CENTER, STRIP CENTER • 14,265 SF
      8333 Swsw Fwy, Houston, TX 77074-1602
      View Details
    • Value Estimation by Request
      8,980 SF

      8704 Gessner Rd

      SHOPPING CENTER, STRIP CENTER • 8,980 SF
      8704 Gessner Rd, Houston, TX 77074-2916
      View Details
    • Value Estimation by Request
      9,573 SF

      11052 Swsw Fwy

      SHOPPING CENTER, STRIP CENTER • 9,573 SF
      11052 Swsw Fwy, Houston, TX 77074-1010
      View Details
    • Value Estimation
      $670,000
      45,843 SF

      9301 Bissonnet St

      SHOPPING CENTER, STRIP CENTER • 45,843 SF
      9301 Bissonnet St, Houston, TX 77074-1498
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,579 SF

      Retail Property on Southwest Freeway

      Retail property with frontage on Highway 59 South.
      9884 Southwest Fwy, Houston, TX 77074
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      201,827 SF

      Houston Commercial Space For Sale

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      6.89 Acres

      6.89 Acres SW Freeway Land

      Houston Commercial Land - Prime Location
      6767 Southwest Fwy, Houston, TX 77074
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    • $119,900

      Houston Condo in Gated Community

      Condo with convenient access to major highways and amenities.
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    • $94,000

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      2-bedroom condo in Sharpstown near HWY 59 and Galleria.
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    Similar Nearby for Lease

    • $17 SF/Yr
      116,500 SF

      Southwest Plaza Retail Center

      Houston Shopping Center, 3 Spaces Available
      8150 Southwest Fwy, Houston, TX 77074
      View Details
    • Contact for pricing
      5,306 SF

      Southwest Freeway Retail Center

      Prime Houston Retail Space Available
      6500 Southwest Fwy, Houston, TX 77074
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Available For Lease

      5,000 SF retail space for lease in Houston.
      9882 Southwest Fwy, Houston, TX 77074
      View Details
    • Contact for pricing
      1,787 SF

      Retail Space with Excellent Frontage

      Retail space with high visibility and easy access.
      7215-7307 Bissonnet St, Houston, TX 77074
      View Details
    • Contact for pricing
      30,500 SF

      Plainview Plaza Retail Space Available

      High-traffic retail space, Hwy 59 frontage.
      9898 Southwest Fwy, Houston, TX 77074
      View Details
    • Contact for pricing
      106,160 SF

      Gessner Square Retail Center

      High-traffic retail space available.
      8700 Gessner Rd, Houston, TX 77074
      View Details
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    6502 Bellaire Blvd
    Houston, TX 77074-6482
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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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