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    5800 Richmond Ave Houston, TX 77057

    Sponsored
    For Sale
    Contact for pricing

    Galleria Area, High-Traffic Retail Space

    Property size:
    41,351 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a freestanding, two-story retail building situated on a prominent corner lot at 5800 Richmond Avenue in Houston, Texas, zip code 77057. The property boasts a substantial 41,351 square feet of space, situated on a 2.74-acre lot. Its prime location in the Galleria area offers unparalleled visibility and accessibility, with easy access to major thoroughfares including I-69 and the 610 West Loop South. The building is configured as a single unit, offering flexibility for a variety of retail uses. The property is classified as a Net-Net-Net (NNN) lease, meaning the tenant is responsible for most operating expenses. This owner/user investment opportunity is ideal for businesses seeking a high-profile location with significant square footage. The building's two-story design provides ample space for both retail operations and potential office or storage areas. The property's location at the intersection of Richmond Avenue and Bering Drive, between Fountain View and Chimney Rock, ensures high traffic volume and excellent exposure to potential customers. This is a rare opportunity to acquire a substantial retail property in one of Houston's most desirable commercial districts.

    Property Features for 5800 Richmond Ave

    General Information

    Property type
    Land
    Square Feet
    41,351 SF
    Lot Size
    119,354 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Galleria Area location.
    • High‑traffic thoroughfare frontage.
    • Two‑story freestanding building.
    • Freestanding building offering excellent visibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kawai Piano Gallery Piano Store Imperio Social Club Social Club Stone By Design Stone Supplier Mccarthy Company Fertilizer Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4811399
    Latitude
    29.7320565

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    FAQs

    What type of property is this?
    Land - Galleria Area, High-Traffic Retail Space
    Where is this land located?
    The property is located at 5800 Richmond Ave Houston, TX.
    What are key features of this property?
    This property features: Galleria Area location.; High-traffic thoroughfare frontage.; Two-story freestanding building.
    Request Owner's contact information
    5800 Richmond Ave Houston, TX 77057
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    Houston, TX 77057
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    Realmo Value Estimation

    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.

    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.

    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
    5800 Richmond Ave Houston, TX 77057
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