Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6702 Renwick Dr, Unit 21 Houston, TX 77081-5518

    • Garden apartment buildings
    • 7,324 SF
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0338694
    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

    • Thornwood Apartments / Apartment Building
    • Ambit Energy - Independent Consultant / Electric Utility Company

    Property Details for 6702 Renwick Dr

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.65 lot acres
    Property size
    7,324 SF
    Property type
    Garden apartment buildings
    APN
    370620030076
    APU
    370620030076

    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
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4851
    Latitude
    29.707
    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
    2022
    $24,146
    $285,000
    $893,714
    $1,178,714
    -
    $285,000
    $893,714
    $1,178,714

    Comparable in this City

    • Value Estimation by Request
      4,416 SF

      7111 Hillcroft St, Unit 145

      GARDEN APT, COURT APT (5+ UNITS) • 4,416 SF
      7111 Hillcroft St, Houston, TX 77081-5702
      View Details
    • Value Estimation
      $1,750,000
      50,568 SF

      6233 Gulfton St, Unit 672

      GARDEN APT, COURT APT (5+ UNITS) • 50,568 SF
      6233 Gulfton St, Houston, TX 77081-2301
      View Details
    • Value Estimation
      $675,000
      21,172 SF

      5710 Glenmont Dr, Unit 376

      GARDEN APT, COURT APT (5+ UNITS) • 21,172 SF
      5710 Glenmont Dr, Houston, TX 77081-1763
      View Details
    • Value Estimation
      $705,000
      15,842 SF

      5510 Rice Ave, Unit 428

      GARDEN APT, COURT APT (5+ UNITS) • 15,842 SF
      5510 Rice Ave, Houston, TX 77081-2135
      View Details
    • Value Estimation by Request
      19,234 SF

      5929 Bissonnet St, Unit 130

      GARDEN APT, COURT APT (5+ UNITS) • 19,234 SF
      5929 Bissonnet St, Houston, TX 77081-7070
      View Details
    • Value Estimation
      $715,000
      24,090 SF

      6120 Bellaire Blvd, Unit 206

      GARDEN APT, COURT APT (5+ UNITS) • 24,090 SF
      6120 Bellaire Blvd, Houston, TX 77081-4906
      View Details

    Similar Nearby for Sale

    • $80,000
      720 SF

      Cozy Condo Near Gallery Area

      Two-bedroom condo with covered parking, community pool, utilities included.
      6405 Westward St, Houston, TX 77081
      View Details
    • $179,990

      Residential Unit Near Bellaire High

      3-bedroom, 2-bath unit with recent updates and community pool.
      5542 Holly St, Houston, TX 77081
      View Details
    • $115,000

      Updated Condo with Bonus Room

      Stylish 2-bedroom condo with bonus room and pool views.
      6305 Westward St, Houston, TX 77081
      View Details
    • $180,000

      Condo with Pool View

      Well-maintained condo near Galleria with easy highway access.
      5050 Glenmont Dr, Houston, TX 77081
      View Details
    • $224,500

      Updated Condo Near Major Highways

      Move-in ready 2-bedroom condo with recent upgrades and convenient location.
      6410 Ferris Dr, Houston, TX 77081
      View Details
    • $179,250

      Condominium Near Galleria, Houston

      Two-bedroom condominium with pool view, close to Galleria.
      5056 Glenmont Dr, Houston, TX 77081
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      33,795 SF

      Ashcroft Plaza: Flex Space Available

      Bellaire Blvd prime flex space; multiple suites.
      6909 Ashcroft Dr, Houston, TX 77081
      View Details
    • Contact for pricing
      37,250 SF

      Houston Flex Space for Lease

      12 Suites, 37,250 SF, Great Location
      6200 Evergreen St, Houston, TX 77081
      View Details
    • Contact for pricing
      2,150 SF

      Hillcroft Retail Space Available

      Houston Retail: 1,000-1,150 SF
      6015 Hillcroft Ave, Houston, TX 77081
      View Details
    • $24 SF/Yr
      65 SF

      Office Space For Lease

      Office space available for lease, ranging from 1,070 to 3,879 SF.
      6550 Mapleridge St, Houston, TX 77081
      View Details
    • Contact for pricing
      14,473 SF

      Houston Retail Space For Lease

      Retail space in Southwest Houston with high visibility and ample parking.
      7818-7912 Hillcroft St, Houston, TX 77081
      View Details
    • $18 SF/Yr
      61,881 SF

      Hillcroft Avenue Office Building

      Office building for lease near Highway 59.
      6065 Hillcroft Ave, Houston, TX 77081
      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.
    6702 Renwick Dr, Unit 21
    Houston, TX 77081-5518
    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.