Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Venue Museum District Opportunity Title is generated by Realmo AI

    5353 Fannin Street, Houston, TX 77004

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Museum District property with condominium finishes and income upside.

    Added:
    Jan 27, 2026
    Days on Market:
    124
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 5353 Fannin Street

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    David Mitchell

    Listing agent David Mitchell

    Listing office

    Listing date Jan 27, 2026

    Source Nmrk

    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 David Mitchell

    HighLights

    • Affluent surrounding demographics with high nearby home values
    • Transit oriented development within the Houston Museum District
    • Anchored by Houston’s CBD & Texas Medical Center (World’s Largest Medical Center)
    • Well below replacement cost with income upside
    • Impressive condominium finishes & boutique living
    • Class A+ podium product | type 1 construction

    Overview

    The Venue Museum District property is available for sale. This Class A+ podium product features Type 1 construction and impressive condominium finishes, offering boutique living. The property is positioned well below replacement cost, presenting income upside. It benefits from affluent surrounding demographics and high nearby home values. As a transit-oriented development, it is located within the Houston Museum District and is anchored by Houston’s CBD and the Texas Medical Center, the world’s largest medical center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Venue Museum District Apartment Complex A O. Prakash, PhD Life Coach Shawn Alex Nemeth Consultant R & M Global ... Business Management Consultant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.3873
    Latitude
    29.727

    Nearby Similar for Sale

    • $950,000

      Versatile Office-Warehouse Flex Building

      Office-warehouse flex building on 0.60 acres in a high-visibility location.
      11043 Jones Road, Houston, TX 77070
      View Details
    • $6,500,000

      New Car Wash on Highway

      Newly built express car wash on high-traffic Houston corridor.
      3703 Highway 6 S, Houston, TX 77082
      View Details
    • $1,300,000

      Houston Car Wash Business Opportunity

      Full-service car wash in a high-traffic Houston location.
      12573 Richmond Avenue, Houston, TX 77082
      View Details
    • $475,000
      2,236 SF

      Modern Duplex Near Houston Hobby

      Two-story duplex built in 2020, convenient location, tenant-occupied.
      6501 Osprey Drive, Houston, TX 77048
      View Details
    • $585,000
      3,440 SF

      Townhouse-Style Duplex Near NRG Stadium

      Duplex near NRG Stadium, medical center, and downtown Houston.
      5140 Mallow Street, Houston, TX 77033
      View Details
    • $795,000
      6,465 SF

      Move-in Ready Office Condo

      High-quality office space in a prime Houston location.
      12802 Willow Centre Drive, Houston, TX 77066
      View Details
    • $2,249,000
      5,908 SF

      Updated Office Building in Montrose

      Turnkey 5,908 SF office building on 12,250 SF lot.
      4305 Yoakum Blvd., Houston, TX 77006
      View Details
    • $465,000
      3,000 SF

      Industrial Warehouse Near I-45

      Industrial warehouse with offices, restrooms, and roll-up doors.
      6715 ALMEDA GENOA RD, Houston, TX 77075
      View Details
    • $505,000
      3,200 SF

      Warehouse with Additional Building

      Warehouse and office building with development potential near downtown.
      1939 Hopper Rd, Houston, TX 77093
      View Details
    • $1,450,000
      7,543 SF

      Restaurant Opportunity in South Houston

      Former Fuddruckers restaurant space for sale in high-traffic location.
      11950 Kurland Dr, Houston, TX
      View Details
    • $3,956,315
      12,559 SF

      Free-Standing Retail Building in Houston

      Single tenant building with strong demographics and high traffic counts.
      10310 Wortham Center, Houston, TX 77065
      View Details
    • $2,450,000
      4,000 SF

      Medical Office with Prime Location

      Medical office space with elevator, waiting room, and ample parking.
      11721 FUQUA, Houston, TX
      View Details

    FAQs

    What type of property is this?
    Specialty property - Museum District property with condominium finishes and income upside.
    Where is this specialty property located?
    The property is located at 5353 Fannin Street Houston, TX.
    What are key features of this property?
    This property features: Affluent surrounding demographics with high nearby home values; Transit oriented development within the Houston Museum District; Anchored by Houston’s CBD & Texas Medical Center (World’s Largest Medical Center)
    (713) 425-5421
    We can help!
    Listing Contact
    David Mitchell
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5353 Fannin Street, Houston, TX 77004-6945
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!