Multifamily Property with Granite
New
For Sale
$719,800
5718 Beall Street A/C, Houston, TX 77091
Completed in 2024 with granite counters, a dishwasher, electric service, and natural gas.
Property Size3,628 SF
Price / SF$198.40
Days on Market4
Property Features for 5718 Beall Street A/C
General Information
Standard status
Active
Size
3,628 SF
Property subtype
Residential Income
Lease Term
Month To Month
Amenities
Electric
Natural Gas
Dishwasher
Granite Counters
Building Details
Building Size
3,628 SF
Year Built
2024
Stories
2
Listing Agency:
BROOKS & DAVIS REAL ESTATE
(832) 524-4526
Listed By:
Andre Beraud · License #0667248
(832) 524-4526
Source:
Evrealestate
Added: Aug 12
Changed: Aug 14
Last Checked: Aug 14 at 3:28AM
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 BROOKS & DAVIS REAL ESTATE
Investment Insights
Based on property information with market context.
This 3,628-square-foot multifamily property was built in 2024 and includes granite counters, a dishwasher, electric service, and natural gas. The available interior features provide a practical foundation for residential income use.
The property is located at 5718 Beall Street A/C in Houston, within Harris County. From North Shepherd Drive and West Tidwell Road, access proceeds west on West Tidwell Road before turning north onto Beall Street, with the property positioned on the right.
The property is located at 5718 Beall Street A/C in Houston, within Harris County. From North Shepherd Drive and West Tidwell Road, access proceeds west on West Tidwell Road before turning north onto Beall Street, with the property positioned on the right.
Key Highlights
- 3,628‑square‑foot multifamily property
- Built in 2024
- Granite counters and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,102
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,040
$822.0K
Cap Rate 7%
$587,171
$587.2K
Cap Rate 9%
$456,689
$456.7K
Market Conditions
NOI Build-Up for 3,628 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.7K $21.96/SF
− Vacancy
−$4.9K −$1.36/SF
EGI
$74.7K $20.60/SF
− OpEx
−$33.6K −$9.27/SF
NOI
$41.1K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$822,040
Cap Rate 7%
$587,171
Cap Rate 9%
$456,689
Alternative Uses
Best Use
Apartment 5plus
$587.2K
$513.8K – $685.0K
NOI $41,102 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$932.9K
$816.3K – $1.09M
NOI $65,304 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 77091, TX
28,020
Population
12,501
Households
2.2
Avg Household Size
34
Median Age
19%
College-Educated
73%
High-School Grad
7.1 sq mi
ZIP Area
3,946
Density / Sq Mi
$35,737
Median Household Income
$28,906
Median Earnings
$1,061
Median Rent
$223,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Completed in 2024 with granite counters, a dishwasher, electric service, and natural gas.
Where is this multifamily property located?
The property is located at 5718 Beall Street A/C Houston, TX.
What is the asking price?
The asking price for this property is $719,800.
What are key features of this property?
This property features: 3,628‑square‑foot multifamily property; Built in 2024; Granite counters and dishwasher
