5945 Bellaire BlvdHouston, TX 77081

Property Details for 5945 Bellaire Blvd

Year built

2007

Construction

CONCRETE BLOCKS

Lot size

0.80 AC

Property size (Sq ft)

12,534 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

1290370010001

APU

1290370010001

Description

This exceptional 9,900 square foot medical office building, constructed in 2007, presents a unique investment opportunity in Houston, Texas. Situated on a 0.83-acre lot at 5945 Bellaire Blvd, zip code 77081, this multi-tenant property boasts high visibility and accessibility from Bellaire Boulevard, at the southeast corner of Bellaire Blvd and Mullins Dr. Three individual suites are currently available, ranging in size from 1,300 to 3,000 square feet. One combined space of 3,000 square feet (Units E & F) is particularly noteworthy, previously configured as a doctor's office. The property benefits from a prominent location on a large pylon sign, ensuring excellent exposure for tenants. The building offers a strong tenant mix, including established businesses such as State Farm Insurance, Chic Nails, and Honduras Maya Café & Bar. Annual property taxes are $5.09 per square foot. The building does not include elevators. This is an ideal opportunity for medical professionals or investors seeking a well-located, established property in a thriving Houston neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $3,773,466

  6.5%

  $3,483,200

  7%

  $3,234,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,668,657

  Geo Method

  $9,456,437

• Alternative Use

  Use

  Valuation

  Residential

  $2,938,210

  Hospitality

  $2,691,384

  Educational

  $2,239,200

  Medical

  $2,316,210

  Retail

  $3,483,200

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.705

Longitude

-95.4864

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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