Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Dallas St Houston, TX 77002

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Houston Retail, Multiple Spaces

    Lot size:
    50,000 SF

    Property Features for 500 Dallas St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF

    Spaces For Lease

    at 500 Dallas St, Houston, TX 77002 Contact us

    We can help!

    Listing Contact
    Cole Rainer

    Listing Agent: Cole Rainer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Allen Center, a renowned 3.2 million square foot Class A complex in Downtown Houston's west side, presents an exceptional retail opportunity. This iconic development offers multiple spaces ranging from 500 to 3,250 square feet, catering to diverse retail concepts. Located within walking distance of over 31 million square feet of office space, Allen Center enjoys unparalleled access to a substantial and affluent customer base. The property boasts both street-level and tunnel-level spaces, providing flexibility for various business needs. The building's prime location ensures high visibility and foot traffic, making it an ideal location for restaurants and other retail establishments. This 50,000 square foot retail component is situated in Harris County and is part of a larger mixed-use development, ensuring a vibrant and dynamic environment. The opportunity to establish a presence in this established and highly sought-after location is unparalleled. The available spaces provide a chance to capitalize on the significant density of office workers and residents in the immediate vicinity. This is a unique chance to secure a retail space within one of Houston's most prestigious and well-connected commercial complexes. Contact us today to learn more about the available spaces and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moss Adams Accounting Firm Chick-fil-A Restaurant Brookfield Properties Real Estate Agency Kate Broussard Thorne, ... Law Firm Marrs Joseph R Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3704677
    Latitude
    29.7577104

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Westchase Westheimer

      Entire center
      10777 Westheimer Ave, Houston, TX 77042
      View Details
    • $1,200 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $1,425 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $2,025 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • $3,198 /Mo
      154,290 SF

      Furnished Office Space Available

      Fully-furnished office space with amenities in Houston, TX.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • Contact for pricing
      1,250 SF

      Modern Office Space For Lease

      All-inclusive, move-in-ready office space in a prime Houston location.
      12246 Queenston Blvd, Houston, TX 77095
      View Details
    • Contact for pricing
      48,840 SF

      Houston Aerotech Business Center Space

      Available flex, industrial, office, warehouse, and medical space for lease.
      1100 Hercules Ave, Houston, TX 77058
      View Details
    • $12 SF/Yr
      1,200 SF

      Harwin Drive Mixed-Use Facility

      Prime location in Houston's Harwin Drive Shopping District.
      9931 Harwin Dr, Houston, TX 77036
      View Details
    • Contact for pricing
      58,276 SF

      Houston Flex Space For Lease

      Available flex spaces in Houston's aerospace and medical sectors.
      902-930 Gemini St, Houston, TX 77058
      View Details
    • Contact for pricing
      116,355 SF

      Pinto Business Park I Warehouses

      Three free-standing buildings totaling 116,355 SF, Q2 2026 Delivery.
      810-850 Fallbrook Dr, Houston, TX 77038
      View Details
    • Contact for pricing
      14,500 SF

      Office/Warehouse Buildings in Cottage Grove

      Two buildings totaling 14,500 SF on 0.46 acres.
      2210 Sandman St, Houston, TX 77007
      View Details
    • Contact for pricing
      3,172 SF

      Montrose Retail Storefront and Bungalow

      Unique commercial leasing opportunity in a prime Montrose/Midtown location.
      1138 Gray St, Houston, TX 77002
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Houston Retail, Multiple Spaces
    Where is this restaurant located?
    The property is located at 500 Dallas St Houston, TX.
    What are key features of this property?
    This property features: Retail property in Harris County.; Multiple tenancy retail space available.; 50,000 total square feet in the building.
    Request Owner's contact information
    500 Dallas St Houston, TX 77002
    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.
    500 Dallas St
    Houston, TX 77002
    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
    500 Dallas St Houston, TX 77002
    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

    We can help!
    Listing Contact
    Cole Rainer
    Real Estate License ID: 804094
    Learn more
    Google sign-in failed. Please try again or use another login method.