5925 Almeda RdHouston, TX 77004

Property Details for 5925 Almeda Rd

Year built

2008

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

13,681 SF

Property type

Commercial real estate

APN

1301020000002

APU

1301020000002

Description

This exceptional 2,296 square foot street-level retail space is situated within a thriving mixed-use development in Houston, Texas. The property is part of a complex featuring 394 luxury high-rise condominiums and 396 Class-A high-luxury apartments, ensuring a built-in customer base. Its location offers unparalleled access to a high volume of foot and vehicle traffic, boasting proximity to the Texas Medical Center (the world's largest medical complex), Hermann Park, the Houston Zoo, and the Museum District. The space benefits from convenient surface lot parking and valet parking in a nearby garage. High visibility is guaranteed due to its location directly across from Hermann Park Golf Course and easy access to Hwy 288, a major thoroughfare with over 194,300 vehicles daily. The property is located at 5925 Almeda Rd, Houston, TX 77004, in Harris County. This is a rare opportunity to establish a business in a vibrant, high-demand area, approximately 2.3 miles from Downtown Houston. The space is part of a six-unit retail offering within the development. This is a multiple tenancy property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,175,480

  6.5%

  $2,931,210

  7%

  $2,721,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,022,180

  Geo Method

  $4,095,950

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,087,770

  Retail / Commercial

  $3,059,740

  Mixed-Use / Specialty

  $2,999,950

  Hospitality / Lodging

  $2,137,320

  Office

  $2,931,210

  Institutional / Educational

  $3,101,270

  Residential Income

  $3,628,480

  Multifamily

  $4,622,810

  Automotive / Energy

  $2,658,230

  Parking / Income-Based Land

  $965,619

  Restaurant / Food Service

  $1,455,970

  Healthcare / Senior Housing

  $3,126,520

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7149

Longitude

-95.3808

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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