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    6689 Sam Houston S Pkwy Houston, TX 77072-1619
    Property profile & analytics

    6689 Sam Houston S Pkwy Houston, TX 77072-1619

    View on Map
    • Office buildings
    • 17,148 SF
    • 0.92 lot acres
    Off-Market
    Property ID
    US82-3534089
    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.
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yang & Associates Law Offices / Law Firm
    • Beltway Business Center / Business Service Center / Corporate Office
    • Nguyen Tuan Insurance / Insurance Agency
    • Tran Law Group / Law Firm

    Property Details for 6689 Sam Houston S Pkwy

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    0.92 lot acres
    Property size
    17,148 SF
    Property type
    Office buildings
    APN
    1212160010001
    APU
    1212160010001

    Description

    This exceptional three-story, Class B executive office building, totaling 14,976 square feet, presents a unique investment opportunity in Houston, Texas. Located at 6689 W Sam Houston Pkwy S, 77072, this property boasts a highly visible corner location at the intersection of Sam Houston Parkway and Bellaire Boulevard, ensuring excellent exposure to a diverse and substantial daily traffic flow. The building, constructed in 2001, sits on a 1.09-acre lot and offers ample parking with 68 spaces. The building's floor plan is highly flexible, with a minimum divisible space of 987 square feet, catering to a variety of tenant needs. The building features a 0.32 FAR (Floor Area Ratio). Its convenient access from the service roads of Sam Houston Parkway makes it easily accessible for employees and clients alike. The property is identified by Harris County APN 1212160010001. This is a single building property with multiple tenancies available. This presents a strong opportunity for investors seeking a well-located, established office building in a thriving Houston market. The building's size and layout provide significant potential for future growth and development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,761,000
      Market price range: $413k - $4.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5563
    Latitude
    29.7056
    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
    $20,767
    $542,741
    $1,563,143
    $2,105,884
    -
    $542,741
    $1,563,143
    $2,105,884

    Comparable in this City

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      View Details
    • Value Estimation
      $19,000,000
      206,816 SF

      6380 Rogerdale Rd

      OFFICE BUILDING • 206,816 SF
      6380 Rogerdale Rd, Houston, TX 77072-1624
      View Details
    • Value Estimation
      $2,345,000
      20,000 SF

      6030 Crse Dr

      OFFICE BUILDING • 20,000 SF
      6030 Crse Dr, Houston, TX 77072-1625
      View Details
    • Value Estimation
      $6,060,000
      56,562 SF

      6051 Crse Dr

      OFFICE BUILDING • 56,562 SF
      6051 Crse Dr, Houston, TX 77072-1667
      View Details
    • Value Estimation
      $9,890,000
      177,660 SF

      5850 Rogerdale Rd

      OFFICE BUILDING • 177,660 SF
      5850 Rogerdale Rd, Houston, TX 77072-1602
      View Details
    • Value Estimation
      $16,400,000
      150,950 SF

      6001 Rogerdale Rd

      OFFICE BUILDING • 150,950 SF
      6001 Rogerdale Rd, Houston, TX 77072-1656
      View Details

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      Office Space with Beltway Exposure

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    Houston, TX 77072-1619
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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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