5525 Westheimer RdHouston, TX 77056

Property Details for 5525 Westheimer Rd

Year built

1991

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.73 AC

Property size (Sq ft)

19,331 SF

Property type

Retail space

APN

1276240010001

APU

1276240010001

Description

This exceptional 17,868-square-foot retail space, located at 5525 Westheimer Road in Houston, Texas, 77056, presents a unique investment opportunity. Situated in the heart of Houston's Galleria area, this single-tenant property boasts a prime location surrounded by upscale residential communities, renowned shopping centers, diverse restaurants, vibrant entertainment venues, and major financial institutions. Built in 1990, the building features an elevator for convenient access. The entire space is currently vacant, offering a blank canvas for a discerning tenant to create a thriving business. The property benefits from its proximity to a high-traffic area and an affluent, diverse customer base, ensuring maximum visibility and foot traffic. This strategic location within one of Houston's most prestigious shopping districts promises significant potential for success. The property's size and location make it ideal for a variety of restaurant concepts or other high-volume retail businesses seeking a prominent presence in a high-demand area. This is a rare opportunity to secure a substantial retail space in a highly sought-after location. The property's address is 5525 Westheimer Rd, Houston, TX 77056.

• CAP approach

  CAP return

  Valuation

  6%

  $5,819,760

  6.5%

  $5,372,087

  7%

  $4,988,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,200,400

  Geo Method

  $14,584,520

• Alternative Use

  Use

  Valuation

  Residential

  $4,531,556

  Hospitality

  $4,150,881

  Educational

  $3,453,484

  Medical

  $3,572,255

  Retail

  $5,372,087

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7375

Longitude

-95.4741

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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