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    Property profile & analytics

    6955 Mesa Dr Houston, TX 77028

    • Distribution centers
    • 137,084 SF
    • 29.15 lot acres
    OFF-MARKET
    Value Estimations
    $14,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-5080853
    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

    • Mesa drive industrial properties / Warehouse & Storage

    Property Details for 6955 Mesa Dr

    Year built
    2023
    Construction
    STEEL FRAME
    Lot size
    29.15 lot acres
    Property size
    137,084 SF
    Property type
    Distribution centers
    APN
    1457720010001
    APU
    1457720010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,815,000
      6.5%
      $15,525,000
      7%
      $14,415,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $13,280,000
      Market price range: $2.98M - $13.3M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $19,940,000
      RETAIL STORES
      $16,525,000
      AUTO REPAIR, GARAGE
      $15,240,000
      OFFICE BUILDING
      $9,535,000
      MEDICAL BUILDING
      $8,750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2644
    Latitude
    29.8245
    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
    $109,662
    $5,358,299
    $27,225,162
    $32,583,461
    -
    $5,358,299
    $27,225,162
    $32,583,461

    Comparable in this City

    • Value Estimation
      $1,995,000
      143,500 SF

      4851 Homestead Rd

      DISTRIBUTION WAREHOUSE • 143,500 SF
      4851 Homestead Rd, Houston, TX 77028-5839
      View Details
    • Value Estimation
      $8,035,000
      143,428 SF

      6410 Mesa Dr

      DISTRIBUTION WAREHOUSE • 143,428 SF
      6410 Mesa Dr, Houston, TX 77028
      View Details
    • Value Estimation by Request
      3,538 SF

      6868 Loop

      Distribution properties • 3,538 SF
      6868 Loop, Houston, TX 77028
      View Details
    • Value Estimation
      $1,010,000
      43,600 SF

      7502 Mesa Dr

      DISTRIBUTION WAREHOUSE • 43,600 SF
      7502 Mesa Dr, Houston, TX 77028-3524
      View Details
    • Value Estimation
      $1,030,000
      52,504 SF

      4555 Homestead Rd

      DISTRIBUTION WAREHOUSE • 52,504 SF
      4555 Homestead Rd, Houston, TX 77028-5838
      View Details
    • Value Estimation
      $3,420,000
      55,950 SF

      7413 Mesa Dr

      DISTRIBUTION WAREHOUSE • 55,950 SF
      7413 Mesa Dr, Houston, TX 77028-3521
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,200 SF

      Flex Warehouse Spaces For Sale

      Flex warehouse spaces available for sale in Houston, TX.
      8214 Homestead Rd, Houston, TX 77028
      View Details
    • $426,890

      Houston Commercial Land Investment

      Unrestricted Land, Prime Location, High Visibility
      8303 Ley Rd, Houston, TX 77028
      View Details
    • $583,000

      Industrial Land Package For Sale

      30,601 SF industrial land near Rand St. and North Loop.
      00 Rand St, Houston, TX 77028
      View Details
    • $250,000

      Land For Sale Houston

      Land available for sale in Houston, Texas.
      Jay St, Houston, TX 77028
      View Details
    • Contact for pricing
      9,180 SF

      Retail Building on High-Traffic Corner

      9,180 SF retail building on 0.67-acre lot for sale.
      9201 North Wayside Dr, Houston, TX 77028
      View Details
    • $59,900

      Houston Land For Sale

      Land available for sale in Houston, Texas.
      5325 Yarmouth St, Houston, TX 77028
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,300 SF

      Houston Warehouse: 13,300 SF

      Spacious Houston warehouse, ideal for industrial use.
      8139 Tidwell Rd, Houston, TX 77028
      View Details
    • Contact for pricing
      183,301 SF

      Modern Distribution Space Near US 290

      High-visibility distribution space with modern amenities and efficient highway access.
      N Houston Rd, Houston, TX 77028
      View Details
    • Contact for pricing

      Houston Warehouse with Highway Access

      Warehouse space with excellent access to major highways.
      4851 Homestead Rd, Houston, TX 77028
      View Details
    • Contact for pricing
      19,075 SF

      New Construction Industrial Park Space

      New industrial park with flexible lease options available.
      7933 Ley Rd, Houston, TX 77028
      View Details
    • Contact for pricing
      6,000 SF

      Executive Office Space - Houston

      Prime Houston Office Space Available
      7100 Loop Fwy, Houston, TX 77028
      View Details
    • $27 SF/Yr
      2,000 SF

      Retail Space Available For Lease

      2000 square feet of retail space for rent.
      12311 N Houston Rd, Houston, TX 77028
      View Details
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    6955 Mesa Dr
    Houston, TX 77028
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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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