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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6901 Corporate Dr Houston, TX 77036-5198

    • Office buildings
    • 55,880 SF
    • 2.73 lot acres
    OFF-MARKET
    Value Estimations
    $5,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2733427
    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

    • Andy H. Jan, CPA, LLC / Accounting Firm / Tax Preparation
    • Farmers Insurance / Insurance Agency
    • Jun Ying Tax and Financial Services / Accounting Firm / Tax Preparation
    • Pham Law PLLC / Law Firm
    • Declaration Title Company, LLC - Southwest / Title Company

    Property Details for 6901 Corporate Dr

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    2.73 lot acres
    Property size
    55,880 SF
    Property type
    Office buildings
    APN
    1104080000001
    APU
    1104080000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,059,000
      Market price range: $4.06M - $9.18M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,040,000
      Current use
      RESTAURANT
      $5,165,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5508
    Latitude
    29.7042
    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
    $35,839
    $2,140,524
    $1,114,181
    $3,254,705
    -
    $2,140,524
    $1,114,181
    $3,254,705

    Comparable in this City

    • Value Estimation
      $5,210,000
      56,832 SF

      7207 Regency Sq Blvd

      OFFICE BUILDING • 56,832 SF
      7207 Regency Sq Blvd, Houston, TX 77036-3188
      View Details
    • Value Estimation
      $7,240,000
      80,000 SF

      6201 Bonhomme Rd

      OFFICE BUILDING • 80,000 SF
      6201 Bonhomme Rd, Houston, TX 77036-4365
      View Details
    • Value Estimation
      $4,835,000
      53,130 SF

      10039 Bissonnet St

      OFFICE BUILDING • 53,130 SF
      10039 Bissonnet St, Houston, TX 77036-7854
      View Details
    • Value Estimation
      $9,075,000
      124,907 SF

      6001 Savoy Dr Ste, Unit 400

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 124,907 SF
      6001 Savoy Dr Ste, Houston, TX 77036-3322
      View Details
    • Value Estimation
      $8,435,000
      230,533 SF

      9800 Ctr Pkwy

      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 230,533 SF
      9800 Ctr Pkwy, Houston, TX 77036-8271
      View Details
    • Value Estimation
      $6,830,000
      74,419 SF

      9724 Beechnut St

      OFFICE BUILDING • 74,419 SF
      9724 Beechnut St, Houston, TX 77036-6644
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,382 SF

      Multi-Tenant Office Building For Sale

      Three-story, ±55,382 SF office building with high visibility.
      10039 Bissonnet St, Houston, TX 77036
      View Details
    • Contact for pricing
      113,851 SF

      Houston Office Building For Sale

      Office building with 113,851 square feet of space.
      7500 Bellaire Blvd, Houston, TX 77036
      View Details
    • $3,529,600

      Bellaire Blvd Office Space

      7,388 SF Office, Prime Location
      9999 Bellaire Blvd, Houston, TX 77036
      View Details
    • $449,000

      Houston Chinatown Mixed-Use Condo

      Two-story condo in Houston Chinatown, suitable for business and residence.
      9788 Clarewood Dr, Houston, TX 77036
      View Details
    • $176,000
      1,315 SF

      Spacious Townhome with Fireplace

      Two-bedroom townhome with easy access to freeways and amenities.
      9393 Westwood Village Dr, Houston, TX 77036
      View Details
    • $85,000

      Two Bedroom Condo with Amenities

      Two-bedroom condo featuring ensuite bathrooms, walk-in closets, and community pools.
      10110 Forum West Dr, Houston, TX 77036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44 SF

      Two-Story Office Building For Lease

      44,944 SF two-story office building available for lease.
      7111 Harwin Dr, Houston, TX 77036
      View Details
    • Contact for pricing
      1,265 SF

      Regency Park Class B Office

      52,000 SF office building with recent upgrades for lease.
      7207 Regency Square Blvd, Houston, TX 77036
      View Details
    • $10 SF/Yr
      161,537 SF

      Bissonnet Street Office Space

      Southwest Houston Office Suites, 40+ Spaces Available
      9894 Bissonnet St, Houston, TX 77036
      View Details
    • $13 SF/Yr
      148,695 SF

      Ranchester Building: Houston Office Space

      Southwest Houston Office Suites Available
      10333 Harwin Dr, Houston, TX 77036
      View Details
    • Contact for pricing
      4,732 SF

      Executive Office Space in Houston

      Prime Houston Office, 4,732 SF Available
      7511 Gessner Rd, Houston, TX 77036
      View Details
    • Contact for pricing
      8,601 SF

      Class A Office Space Available

      Bank-anchored Class A office in Houston's Chinatown Market.
      9999 Bellaire Blvd, Houston, TX 77036
      View Details
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    6901 Corporate Dr
    Houston, TX 77036-5198
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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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