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

    6545 Eldridge Pkwy Houston, TX 77041-3507

    • Manufacturing properties
    • 6,529 SF
    • 12.88 lot acres
    OFF-MARKET
    Value Estimations
    $175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0941277
    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

    • Applied Machinery Corporation / Manufacturer / Metal Fabricator
    • Express Boring & Machine / Manufacturer / Machine Shop
    • Powertherm Maxim / Manufacturer

    Property Details for 6545 Eldridge Pkwy

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    12.88 lot acres
    Property size
    6,529 SF
    Property type
    Manufacturing properties
    APN
    450220000195
    APU
    450220000195

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $155,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $192,000
      Market price range: $115k - $193k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $150,000
      Current use
      WAREHOUSE, STORAGE
      $255,000
      Change: +70% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6107
    Latitude
    29.8702
    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
    2023
    $48,030
    $1,683,510
    $5,799,240
    $7,482,750
    -
    $1,683,510
    $5,799,240
    $7,482,750

    Comparable in this City

    • Value Estimation
      $100,000
      148,976 SF

      11310 Little York Rd

      FOUNDRY, INDUSTRIAL PLANT • 148,976 SF
      11310 Little York Rd, Houston, TX 77041-4917
      View Details
    • Value Estimation
      $695,000
      24,570 SF

      11315 Little York Rd

      MANUFACTURING (LIGHT) • 24,570 SF
      11315 Little York Rd, Houston, TX 77041-4932
      View Details
    • Value Estimation
      $665,000
      31,845 SF

      6210 Cunningham Rd

      FOUNDRY, INDUSTRIAL PLANT • 31,845 SF
      6210 Cunningham Rd, Houston, TX 77041-4710
      View Details
    • Value Estimation
      $470,000
      37,088 SF

      4301 Windfern Rd

      FOOD PACKING, PACKING PLANT • 37,088 SF
      4301 Windfern Rd, Houston, TX 77041-8915
      View Details
    • Value Estimation
      $255,000
      3,600 SF

      7100 Wright Rd

      PROCESSING PLANT (CEMENT, GRAVEL) • 3,600 SF
      7100 Wright Rd, Houston, TX 77041-2416
      View Details
    • Value Estimation
      $140,000
      51,501 SF

      11203 Fm 529th Rd

      PROCESSING PLANT (CEMENT, GRAVEL) • 51,501 SF
      11203 Fm 529th Rd, Houston, TX 77041-3205
      View Details

    Similar Nearby for Sale

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      12,600 SF

      Two Buildings for Mill-Works Business

      Two buildings previously operated as a custom wood mill-works business.
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      142,000 SF

      Houston Industrial Manufacturing Campus

      Prime industrial campus in Houston's Northwest Inner Loop submarket.
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      6,600 SF

      Houston Industrial Property: 6,600 SF

      Vacant industrial space; ideal for distribution or manufacturing.
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      4.87 Acres

      Houston Industrial Redevelopment Opportunity

      Prime 4.87-acre site, fully leased, high potential.
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      20,200 SF

      Houston Industrial Property For Sale

      20,200 SF Office/Warehouse in Houston, TX
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      Houston Commercial Land - 0.72 Acres

      Prime Houston land, ideal for development.
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    Similar Nearby for Lease

    • Contact for pricing
      90,640 SF

      90,640 SF Industrial Facility

      90,640 SF industrial building with crane service for lease.
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      20,200 SF

      Houston Industrial/Office Space For Lease

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      11050 Little York, Houston, TX 77041
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    • Contact for pricing
      15,120 SF

      Houston Warehouse with Immediate Access

      15,120 SF warehouse with convenient highway access in Houston.
      7111 Perimeter Park Dr, Houston, TX 77041
      View Details
    • $1.10 SF/Yr
      6,000 SF

      6,000 SF Warehouse Available

      6,000 SF warehouse with office space for lease.
      14331 Fm 529 Rd, Houston, TX 77041
      View Details
    • $0.75 SF/Yr
      2,870 SF

      Industrial Space Available For Lease

      2,870 SF industrial space with office available for lease.
      7411-7415 Wright Rd, Houston, TX 77041
      View Details
    • $0.63 SF/Yr
      82,320 SF

      Houston Warehouse Space Available

      Warehouse space in master-planned park, close to major highways.
      6356 Clara Rd, Houston, TX 77041
      View Details
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    6545 Eldridge Pkwy
    Houston, TX 77041-3507
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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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