Commercial Property on Gulf
For Sale
$1,800,000
511 Gulf Bank Road # 5, Houston, TX 77037
4.5-acre commercial property with existing structures and expansion potential.
Property Size5,800 SF
Lot Size4.50 Acres
Price / SF$300
Days on Market481
Property Features for 511 Gulf Bank Road # 5
General Information
Standard status
Active
Size
5,800 SF
Lot size
4.50 Acres
Property subtype
Multi Family,Multiple Detached Dwellings
Taxes and HOA fees
Annual Taxes
$9,746
Building Details
Building Size
5,800 SF
Year Built
1960
Listing Agency:
CB&A, Realtors
Listed By:
Rafael Perez · License #0573024
(832) 642-7246
Source:
Nancyalmodovar
Added: Jun 30, 2025
Changed: Oct 9
Last Checked: Oct 21 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB&A, Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, located at 511 Gulf Bank, presents an opportunity for investors. The property spans over 4.5 acres and is suitable for developing a commercial building. It includes multiple detached dwellings and a metal shop, totaling over 6,000 square feet of space. This multi-family property offers room for growth. The property is situated on 2 lots measuring 196,590 square feet.
Key Highlights
- Prime location spanning over 4.5 acres, ideal for commercial development.
- Multi‑family property with existing tenants and expansion potential.
- Over 6,000 square feet of total space across multiple detached dwellings and a metal shop.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,200
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,000
$1.6M
Cap Rate 7%
$1,131,429
$1.1M
Cap Rate 9%
$880,000
$880.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$144.0K $24.00/SF
− Vacancy
−$17.3K −$2.88/SF
EGI
$126.7K $21.12/SF
− OpEx
−$47.5K −$7.92/SF
NOI
$79.2K $13.20/SF
Area
Houston, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,584,000
Cap Rate 7%
$1,131,429
Cap Rate 9%
$880,000
Alternative Uses
Best Use
Mixed Use
$1.13M
$990.0K – $1.32M
NOI $79,200 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,000 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Explore this area
Business Placement
Demographics for 77037, TX
19,569
Population
5,312
Households
3.7
Avg Household Size
31
Median Age
7%
College-Educated
51%
High-School Grad
6.2 sq mi
ZIP Area
3,156
Density / Sq Mi
$46,176
Median Household Income
$30,779
Median Earnings
$1,056
Median Rent
$160,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - 4.5-acre commercial property with existing structures and expansion potential.
Where is this commercial land located?
The property is located at 511 Gulf Bank Road # 5 Houston, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location spanning over 4.5 acres, ideal for commercial development.; Multi‑family property with existing tenants and expansion potential.; Over 6,000 square feet of total space across multiple detached dwellings and a metal shop.
