Back to Search
Property profile & analytics
FOR LEASE
Distribution centers
6605 Roxburgh Dr Houston, TX 77041
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3623783
For Lease
1 / 2
$7,475,000
6605 Roxburgh Dr, Houston, TX 77041
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1994
Construction
STEEL FRAME
Total area
129,600 SF
Lot
16.63 ac (724,403 SF)
APN
1151820010001
UPID
US82-3623783
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
-
Office Facilities Group Office Services
-
Quartz Surfacing & Stones in Houston, TX Big Box & Wholesale Store
-
ABB Motors & Mechanical, Inc. - Baldor Electric Company Building Supply Electrical Service
-
ColorQuartz Surfaces LLC dba Quartz Surfacing & Stones Big Box & Wholesale Store
-
Baker Distributing Company Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.58M
Blend (final)
Blend
$7.48M
Owner & transaction history
Prologis Targeted Us Logistics · 12 yrs held
Prologis Targeted Us Logistics
since 2013
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+75.8%
Auto repair, garage
$8.3M
+64.9%
Medical building
$8.3M
+64.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,020,000
Current use
RETAIL STORES
$8,825,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,280,000
Change: +65% · Conversion: Easy
MEDICAL BUILDING
$8,270,000
Change: +65% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,105,000
Change: +61% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,515,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$7.48M
Range $6.73M – $8.22M · ±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
$58 / 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
$269,803
Tax year 2023
Assessed value
$25,020,966
Assessed 2024
Previous assessed
$25,020,966
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$4,346,418
Assessed improvement
$20,674,548
Land market value
$4,346,418
Improvement market value
$20,674,548
Total market value
$25,020,966
Applied tax rate
4.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
129,600 SF
Lot
16.63 ac (724,403 SF)
APN
1151820010001
UPID
US82-3623783
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
WAREHOUSE, STORAGE Current
Est. value
$5.0M
RETAIL STORES
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
16.63 ac
Current owner
From public records · entity-resolved
Prologis Targeted Us Logistics
Individual
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
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
Aug 7, 2013
—
Prologis Targeted Us Logistics
Prologis Tlf Houston LLC
Quit Claim Deed
related
—
Oct 4, 2010
—
Prologis Tlf Houston LLC
—
Deed Of Trust
related
$31,960,059 · Northwestern Mutual Life Ins
Jun 15, 2009
—
Prologis Tlf Houston LLC
Prologis
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
