Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6677 Flewellen Way Fulshear, TX 77441-2491

    • Commercial real estate
    • 1.36 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7792443
    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

    • Commercial real estate

    Property Details for 6677 Flewellen Way

    Year built
    2023
    Lot size
    1.36 lot acres
    Property type
    Commercial real estate
    APN
    0274-00-001-0000-914
    APU
    274000010000914

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fulshear
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.8485
    Latitude
    29.6952
    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
    $12,200
    $637,457
    $69,197
    $706,654
    -
    $637,457
    $69,197
    $706,654

    Comparable in this City

    • Value Estimation by Request
      19,753 SF

      30802 Fulshear Farms Rd

      Lifestyle centers • 19,753 SF
      30802 Fulshear Farms Rd, Fulshear, TX 77441
      View Details
    • Value Estimation by Request
      2.49 Acres

      4202 Wooded Isle Way

      COMMERCIAL (GENERAL) • 2.49 Acres
      4202 Wooded Isle Way, Weston Lakes, TX 77441-2497
      View Details
    • Value Estimation by Request
      6.76 Acres

      Fm 1093rd Rd

      COMMERCIAL (GENERAL) • 6.76 Acres
      Fm 1093rd Rd, Fulshear, TX 77441
      View Details
    • Value Estimation
      $1,355,000
      25,002 SF

      29615 Fm 1093rd Rd

      COMMERCIAL (GENERAL) • 25,002 SF
      29615 Fm 1093rd Rd, Fulshear, TX 77441-3925
      View Details
    • Value Estimation
      $1,045,000
      13,461 SF

      29818 Fm 1093rd Rd

      COMMERCIAL (GENERAL) • 13,461 SF
      29818 Fm 1093rd Rd, Fulshear, TX 77441-3918
      View Details
    • Value Estimation
      $860,000
      13,010 SF

      7631 Fulshear Katy Rd

      COMMERCIAL (GENERAL) • 13,010 SF
      7631 Fulshear Katy Rd, Fulshear, TX 77441-6358
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,275 SF

      Fulshear Office Condos for Sale

      Luxury Office Suites, Water Views
      0 Fm 1093 Rd, Fulshear, TX 77441
      View Details
    • $625,000

      Waterfront Acreage in Fulbrook Estates

      1.075 acre waterfront lot for custom home in Fulshear.
      30610 Lower Oxbow Trce, Fulshear, TX 77441
      View Details
    • $4,500,000
      6,698 SF

      Fulshear Land for Development

      60-acre tract in Fulshear, ideal for development or land banking.
      4309 Bowser Rd, Fulshear, TX 77441
      View Details
    • $4,500,000

      60 Acres in Fulshear

      60-acre tract in rapidly expanding Fulshear submarket.
      4309 Bowser Rd, Fulshear, TX 77441
      View Details
    • $365,000

      Land in Growing Fulshear Area

      0.8162 acre tract ready for development in Fulshear, Texas.
      7514.5 Dixon Rd, Fulshear, TX 77441
      View Details
    • $395,000

      Prime Location Land For Sale

      Highly visible .388-acre tract in fast-growing Fulshear, Texas.
      7718 Fm 359 Rd, Fulshear, TX 77441
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      45,000 SF

      Fulshear Lakes Marketplace: Retail Opportunity

      Prime Fulshear retail space, 4 buildings, 45,000 SF available.
      32727 School Hill Rd, Fulshear, TX 77441
      View Details
    • $33 SF/Yr
      19,753 SF

      Shops at Tamarron: Fulshear Retail

      Prime Fulshear retail space available.
      30802 Fulshear Farms Rd, Fulshear, TX 77441
      View Details
    • $50 SF/Yr
      10,000 SF

      Fulshear Retail Space - 10,000 SF

      Prime Fulshear location, 10,000 SF retail space.
      0 Tiki Dr, Fulshear, TX 77441
      View Details
    • Contact for pricing
      2,207 SF

      Fulshear Medical Office Space

      Prime Medical Office, 2,207 SF Available
      7609 Tiki Dr, Fulshear, TX 77441
      View Details
    • $18 SF/Yr
      83,713 SF

      R1 Rogers Business Park: Fulshear

      Prime Fulshear Office/Retail Space
      6510 Fm 359 Rd, Fulshear, TX 77441
      View Details
    • Contact for pricing
      1,516 SF

      Retail Space in Fulshear, Texas

      Retail space available for lease in Fulshear, Texas.
      6300 Fm 1463 Rd, Fulshear, TX 77441
      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.
    6677 Flewellen Way
    Fulshear, TX 77441-2491
    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.
    Sign Up Successful!
    You now have access to more from Realmo!