Sign Up Successful!
You now have access to more from Realmo!
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

    6531 Eldridge Pkwy Houston, TX 77041-3507

    • Warehouses
    • 16,790 SF
    • 2.86 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4383739
    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

    • Flowserve Corporation / Industrial Manufacturer / Production Facility
    • Girard Industries / Factory / Production Facility

    Property Details for 6531 Eldridge Pkwy

    Year built
    1977
    Construction
    METAL FRAME
    Lot size
    2.86 lot acres
    Property size
    16,790 SF
    Property type
    Warehouses
    APN
    450220000043
    APU
    450220000043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $744,000
      Market price range: $397k - $982k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $650,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $585,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6092
    Latitude
    29.8692
    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
    2020
    $10,891
    $747,480
    $1,131,310
    $1,878,790
    -
    $747,480
    $1,131,310
    $1,878,790

    Comparable in this City

    • Value Estimation
      $3,420,000
      95,911 SF

      4404 Windfern Rd

      WAREHOUSE, STORAGE • 95,911 SF
      4404 Windfern Rd, Houston, TX 77041-8918
      View Details
    • Value Estimation
      $5,775,000
      98,738 SF

      6350 Sam Houston N Pkwy

      WAREHOUSE, STORAGE • 98,738 SF
      6350 Sam Houston N Pkwy, Houston, TX 77041-5168
      View Details
    • Value Estimation
      $9,560,000
      174,876 SF

      5980 Sam Houston N Pkwy

      WAREHOUSE, STORAGE • 174,876 SF
      5980 Sam Houston N Pkwy, Houston, TX 77041-5250
      View Details
    • Value Estimation
      $1,955,000
      30,000 SF

      10642 Little York Rd

      WAREHOUSE, STORAGE • 30,000 SF
      10642 Little York Rd, Houston, TX 77041-4014
      View Details
    • Value Estimation
      $1,290,000
      29,925 SF

      12610 Tanner Rd, Unit 303

      MINI-WAREHOUSE, STORAGE • 29,925 SF
      12610 Tanner Rd, Houston, TX 77041-6510
      View Details
    • Value Estimation
      $4,610,000
      78,409 SF

      5365 Sam Houston Pkwy N Ste, Unit 400

      WAREHOUSE, STORAGE • 78,409 SF
      5365 Sam Houston Pkwy N Ste, Houston, TX 77041-5243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,680 SF

      Houston Warehouse Space For Sale/Lease

      New Construction Warehouse, Flexible Sizes
      7439 Wright Rd, Houston, TX 77041
      View Details
    • $11,750,000

      Northwest Houston Industrial Investment Opportunity

      Industrial property in Northwest Houston with NNN leases and stabilized yard.
      5711-5725 Cunningham Rd, Houston, TX 77041
      View Details
    • Contact for pricing

      Industrial Property on Tanner Road

      Two industrial buildings totaling 29,500 SF on 1.58 acres.
      9879-9881 Tanner Rd, Houston, TX 77041
      View Details
    • Contact for pricing
      142,000 SF

      Houston Industrial Manufacturing Campus

      Prime industrial campus in Houston's Northwest Inner Loop submarket.
      9450 West Wingfoot Rd, Houston, TX 77041
      View Details
    • Contact for pricing

      Insulated Warehouse on Large Site

      Climate-controlled warehouse with ample parking and development potential.
      8660 N Eldridge Pkwy, Houston, TX 77041
      View Details
    • Contact for pricing
      40,000 SF

      Houston Warehouse Space Available

      40000 SF warehouse space in Houston, Texas.
      6545 Petropark Dr, Houston, TX 77041
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Houston Warehouse: 12,000 SF

      Modern warehouse, 12,000 sq ft, Houston.
      5617 Campbell Rd, Houston, TX 77041
      View Details
    • $6 SF/Yr
      160,460 SF

      Beltway Industrial Park: Flex Space Available

      Multi-tenant industrial space for lease. Prime Harris County location.
      11875 Cunningham Ave, Houston, TX 77041
      View Details
    • Contact for pricing
      35,500 SF

      Houston Flex Warehouse For Lease

      35,500 SF Flex Space Available
      8640 Eldridge Pkwy, Houston, TX 77041
      View Details
    • Contact for pricing
      72,000 SF

      Houston Warehouse Space Available

      72,000 SF Industrial Warehouse, 12,000 SF Vacant
      5850 Cunningham Rd, Houston, TX 77041
      View Details
    • Contact for pricing
      22,500 SF

      Northwest Houston Warehouse Space

      22,500 SF warehouse with quick access to 290.
      13750 Farm To Market Rd, Houston, TX 77041
      View Details
    • $1.10 SF/Yr
      21,806 SF

      Houston Warehouse Space Available

      21,806 SF warehouse with office space for lease.
      13719 Fm 529 Rd, Houston, TX 77041
      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.
    6531 Eldridge Pkwy
    Houston, TX 77041-3507
    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.