This is a Marvel Legends War Machine (Mark II) figure, originally released in 2015 as part of the Hulkbuster Build-A-Figure (BAF) Wave. Based on your photos, here is the current identification and resale value.
Item Identification
• Character: War Machine (Mark II)
• Design: Inspired by his appearance in Avengers: Age of Ultron.
• Distinguishing Marks: This specific version features the "FF 445" tampo on the left shoulder and "LT COL JAMES RHODES" on the chest plate.
• Height: Approximately 6.25 inches (as shown by your tape measure).
• Missing Items: It is missing its primary accessory—the back-mounted shoulder cannon—as well as the Hulkbuster BAF head piece it originally came with.