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Property profile & analytics
FOR LEASE
Warehouses
6611 Portwest Dr Houston, TX 77024
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US83-3415742
For Lease
$1,660,000
6611 Portwest Dr, Houston, TX 77024
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
21,986 SF
Lot
6.1 ac (265,760 SF)
APN
1146970020002
UPID
US83-3415742
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
-
ImageSet - Print, Mail, Signage, Marketing & Promo (Bike/Boat/Book/etc) Store Printing Service
-
United Sales & Services Industrial Manufacturer Production Facility
-
Sterling Integrated Solutions Consultant
-
Network Outfitters IT Consulting Firm (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.66M
Owner & transaction history
Clear Channel Outdoor LLC · 3 yrs held
Clear Channel Outdoor LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+106.5%
Auto repair, garage
$2.1M
+90.6%
Medical building
$1.4M
+30.4%
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
$1,075,000
Current use
RESTAURANT
$2,225,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,050,000
Change: +91% · Conversion: Easy
MEDICAL BUILDING
$1,405,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,315,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$76 / 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
$246,195
Tax year 2023
Assessed value
$12,230,619
Assessed 2024
Previous assessed
$12,230,619
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$3,986,385
Assessed improvement
$8,244,234
Land market value
$3,986,385
Improvement market value
$8,244,234
Total market value
$12,230,619
Applied tax rate
1.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
21,986 SF
Lot
6.1 ac (265,760 SF)
APN
1146970020002
UPID
US83-3415742
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
$1.1M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.1 ac
Current owner
From public records · entity-resolved
Clear Channel Outdoor LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3501 JAMBOREE RD STE #4200, NEWPORT BEACH, CA 92660-2958
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2023
—
Bsp Westport LLC
—
Deed
related
$18,600,000 · American Memorial Life Insurance Co
Oct 31, 2022
—
Clear Channel Outdoor LLC
Bsp Westport LLC
Lease
—
Nov 8, 2012
—
Koll Of Per Westport LLC
—
Deed Of Trust
related
$115,000,000 · Us Bank NA
Sep 28, 2011
—
Koll Of Per Subsidiary LLC
—
Deed Of Trust
related
$50,000,000 · Us Bank NA
Jun 28, 2011
—
Koll Of Per Westport LLC
—
Deed Of Trust
related
$50,000,000 · Us Bank NA
Nov 29, 2007
—
Koll Of Per Westport LLC
Portwest Drive INC
Quit Claim Deed
related
—
Jun 6, 1997
—
Transwestern Cg Partners I LP
Connecticut General Life Insur
Grant Deed
related
—
—
—
Koll Of Per Westport LLC
—
Deed Of Trust
related
$63,000,000 · General Electric Capital Corp
—
—
Koll Of Per Westport LLC
—
Deed Of Trust
related
$63,000,000 · General Electric Capital Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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