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Property profile & analytics
FOR LEASE
Flex space
6510 Bourgeois Rd Houston, TX 77066
Individually Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-0992387
For Lease
1 / 9
$11.45 SF/Yr
6510 Bourgeois Rd, Houston, TX 77066
View Listing →
Property summary
AI-generated overview
This single-story, 63,995-square-foot industrial warehouse in Houston, TX, offers versatile space ideal for various businesses. Built in 1985 and renovated in 2022, the property features 52 individual suites, with a minimum divisible space of 720 square feet and a maximum contiguous space of 6,000 square feet. The building boasts a 28-foot ceiling height and ample parking with 192 spaces. Access is convenient with 52 drive-in doors. Located at 6510 Bourgeois Rd, Houston, TX 77066, near the intersection of Bourgeois Road and Colonial Trail Drive, this I-1 zoned property sits on 3.962 acres of land. The property is well-suited for businesses needing storage or shop space, offering a secure and easily accessible location. Multiple tenancy options are available.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1985
Construction
METAL FRAME
Total area
35,200 SF
Lot
14.06 ac (612,454 SF)
APN
1372590010001
UPID
US83-0992387
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
-
Garage Project US Warehouse & Storage
-
Sign Centers (Bike/Boat/Book/etc) Store Printing Service
-
Ftcsobs Siemens Engineer Engineering Consultant
-
Gray Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.04M
Owner & transaction history
Koontz-wagner Custom Controls · 11 yrs held
Koontz-wagner Custom Controls
since 2015
2 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
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$945,000
Current use
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$29 / 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
$156,920
Tax year 2023
Assessed value
$9,477,971
Assessed 2024
Previous assessed
$9,477,971
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$3,169,322
Assessed improvement
$6,308,649
Land market value
$3,169,322
Improvement market value
$6,308,649
Total market value
$9,477,971
Applied tax rate
17.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1985
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Buildings
7
Total area
35,200 SF
Lot
14.06 ac (612,454 SF)
APN
1372590010001
UPID
US83-0992387
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
INDUSTRIAL (GENERAL) Current
Est. value
$945,000
INDUSTRIAL (GENERAL) Current
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
1985
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Buildings
7
Lot
14.06 ac
Current owner
From public records · entity-resolved
Koontz-wagner Custom Controls
Individual
Free & Clear · 11 yrs held
Mailing address
129 N 10TH ST, LINCOLN, NE 68508-3633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2015
—
Koontz-wagner Custom Controls
Siemens Corp
Grant Deed
related
—
—
—
Koontz-wagner Custom Controls
—
Deed Of Trust
related
$150,000 · Wells Fargo Bk
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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