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

    6840 Almeda Rd, Unit 300 Houston, TX 77030-4204

    • Hotels
    • 210,097 SF
    OFF-MARKET
    Value Estimations
    $1,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4963036
    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

    • Hilton Garden Inn Houston Medical Center / Hotel
    • Home2 Suites by Hilton Houston Medical Center / Hotel / Extended Stay Hotel

    Property Details for 6840 Almeda Rd

    Year built
    2020
    Property size
    210,097 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    421960000061
    APU
    421960000061

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,075,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.389
    Latitude
    29.7022
    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
    $585,127
    $0.00
    $29,784,204
    $29,784,204
    -
    $0.00
    $29,784,204
    $29,784,204

    Comparable in this City

    • Value Estimation
      $705,000
      182,388 SF

      6800 Main St, Unit 287

      HOTEL/MOTEL • 182,388 SF
      6800 Main St, Houston, TX 77030-3302
      View Details
    • Value Estimation
      $1,085,000
      171,488 SF

      1709 Dryden Rd, Unit 273

      HOTEL/MOTEL • 171,488 SF
      1709 Dryden Rd, Houston, TX 77030-2400
      View Details
    • Value Estimation
      $915,000
      301,566 SF

      6580 Fannin St, Unit 394

      HOTEL/MOTEL • 301,566 SF
      6580 Fannin St, Houston, TX 77030-2708
      View Details
    • Value Estimation
      $1,215,000
      388,591 SF

      7329 Fannin St, Unit 298

      HOTEL/MOTEL • 388,591 SF
      7329 Fannin St, Houston, TX 77030-4805
      View Details
    • Value Estimation
      $350,000
      171,798 SF

      7807 Kirby Dr, Unit 182

      HOTEL/MOTEL • 171,798 SF
      7807 Kirby Dr, Houston, TX 77030-4403
      View Details
    • Value Estimation
      $300,000
      306,464 SF

      7118 Bertner Ave, Unit 267

      HOTEL/MOTEL • 306,464 SF
      7118 Bertner Ave, Houston, TX 77030-4904
      View Details

    Similar Nearby for Sale

    • $375,000
      1,250 SF

      High-Rise Residence with Park Access

      Updated 2/2 residence with park access and stunning views.
      2001 Holcombe Blvd, Houston, TX 77030
      View Details
    • $377,000
      1,649 SF

      High-Rise Living at The Spires

      Stylish 2-bedroom residence with full-service amenities and park access.
      2001 Holcombe Blvd, Houston, TX 77030
      View Details
    • $899,000

      Residential Lot Near Houston Medical

      Expansive lot in Old Braeswood, ideal for building a home.
      2131 Maroneal St, Houston, TX 77030
      View Details
    • $1,100,000

      Duplex Near Texas Medical Center

      Well-maintained duplex with strong rental demand near Texas Medical Center.
      1961 Dryden Rd Rd, Houston, TX 77030
      View Details
    • $1,500,000
      3,250 SF

      Houston Retail Space - $1.5M

      3,250 SF Retail, Daycare, More
      6713 Fm 521 Rd, Houston, TX 77030
      View Details
    • $160,000

      Spacious Condo Near Medical Center

      Modern 2 bed, 2 bath condo near Med Center.
      2207 S Braeswood Blvd S 43b, Houston, TX 77030
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      25,805 SF

      Medical Center Office Opportunity

      Prime Houston location, 3,580 SF available
      7227 Fannin St, Houston, TX 77030
      View Details
    • $25 SF/Yr
      10,000 SF

      Prime Medical Office Space in TMC

      10,000 SF Available in Houston, TX
      6400 Fannin St, Houston, TX 77030
      View Details
    • Contact for pricing
      2,300 SF

      Prime Houston Retail Space

      2,300 SF Retail Space - Available Now
      7811 Main St, Houston, TX 77030
      View Details
    • $1,450 /Mo

      Spacious Apartment with Modern Amenities

      Move-in ready 1-bedroom apartment with pool, hot tub, and gym.
      7575 Kirby Dr, Houston, TX 77030
      View Details
    • Contact for pricing
      25,000 SF

      Medical Office Space in Houston

      Prime Medical Office, 1,854 SF Available
      1709 Dryden Rd, Houston, TX 77030
      View Details
    • Contact for pricing
      146,236 SF

      Fannin Tower Executive Suites

      Premium Houston Office Space Available
      6624 Fannin St, Houston, TX 77030
      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.
    6840 Almeda Rd, Unit 300
    Houston, TX 77030-4204
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.