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

    6991 Hwy 6th S Houston, TX 77083-3303

    • Strip malls
    • 11,260 SF
    • 5.04 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1614689
    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

    • Strip malls

    Property Details for 6991 Hwy 6th S

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.04 lot acres
    Property size
    11,260 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1163300000012
    APU
    1163300000012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $725,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,140,000
      COMMERCIAL (GENERAL)
      $975,000
      AUTO REPAIR, GARAGE
      $865,000
      OFFICE BUILDING
      $785,000
      MEDICAL BUILDING
      $720,000
      WAREHOUSE, STORAGE
      $590,000
      APARTMENT HOUSE (5+ UNITS)
      $560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.6425
    Latitude
    29.7013
    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
    $25,595
    $2,193,990
    $1,620,168
    $3,814,158
    -
    $2,193,990
    $1,620,168
    $3,814,158

    Comparable in this City

    • Value Estimation
      $535,000
      79,717 SF

      6806 Hwy 6th S

      SHOPPING CENTER, STRIP CENTER • 79,717 SF
      6806 Hwy 6th S, Houston, TX 77083-3302
      View Details
    • Value Estimation
      $780,000
      51,789 SF

      6271 Hwy 6th S

      SHOPPING CENTER, STRIP CENTER • 51,789 SF
      6271 Hwy 6th S, Houston, TX 77083-1501
      View Details
    • Value Estimation
      $495,000
      16,790 SF

      13655 Bissonnet St

      SHOPPING CENTER, STRIP CENTER • 16,790 SF
      13655 Bissonnet St, Houston, TX 77083-6463
      View Details
    • Value Estimation
      $535,000
      31,042 SF

      15825 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 31,042 SF
      15825 Bellaire Blvd, Houston, TX 77083-2331
      View Details
    • Value Estimation
      $945,000
      53,870 SF

      6706 Hwy 6th S, Unit 1

      SHOPPING CENTER, STRIP CENTER • 53,870 SF
      6706 Hwy 6th S, Houston, TX 77083-1512
      View Details
    • Value Estimation
      $655,000
      44,261 SF

      7821 Hwy 6th S

      SHOPPING CENTER, STRIP CENTER • 44,261 SF
      7821 Hwy 6th S, Houston, TX 77083-3322
      View Details

    Similar Nearby for Sale

    • $217,990

      Updated Duplex in Southwest Houston

      Updated duplex with convenient access to West Park tollway.
      9614 Wellsworth Dr, Houston, TX 77083
      View Details
    • Contact for pricing
      6.23 Acres

      Houston Commercial Land - Bissonnet & Eldridge

      Prime 6.23-acre commercial lot, ideal for development.
      0 Nwc Of Bissonnet St. & Eldridge Pkwy, Houston, TX 77083
      View Details
    • $5,875,000

      Prime Land in Mission Bend

      10+ acres ideal for multifamily, retail, or other use.
      16500 Beechnut St, Houston, TX 77083
      View Details
    • $1,250,000
      2.98 Acres

      Bellaire Blvd Commercial Land

      Prime 2.98-acre commercial lot in Houston, TX.
      0 Bellaire Blvd, Houston, TX 77083
      View Details
    • $1,012,334

      Mission Bend Land For Sale

      1.66 acres on Beechnut Blvd with all utilities.
      16200 Beechnut St, Houston, TX 77083
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      13,500 SF

      Stanbridge Plaza Retail Space For Lease

      Houston Shopping Center: 3 Spaces Available
      9210 State Highway 6, Houston, TX 77083
      View Details
    • $24 SF/Yr
      21,787 SF

      Sugar Land Medical Office Space For Lease

      Modern medical office suites available in Houston.
      14240 Bellaire Blvd, Houston, TX 77083
      View Details
    • $4,200 /Mo
      1,910 SF

      Retail Space Near George Bush

      Retail space available near Westpark Toll Rd and George Bush.
      6611 Fm 1464, Houston, TX 77083
      View Details
    • $12 SF/Yr
      188,408 SF

      Presidio Square Retail Space for Lease

      Houston Retail Space: Multiple Units Available
      6701 Texas 6, Houston, TX 77083
      View Details
    • $26 SF/Yr
      1,647 SF

      Retail Space at Beechnut & Eldridge

      Retail space with high visibility at a signalized intersection.
      13548 Beechnut St, Houston, TX 77083
      View Details
    • Contact for pricing
      7,000 SF

      Highway 6 Retail Space For Lease

      ±7,000 SF Retail Building in Houston, TX
      7850 Texas 6, Houston, TX 77083
      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.
    6991 Hwy 6th S
    Houston, TX 77083-3303
    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.