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    5959 Richmond Ave Houston, TX 77057

    Sponsored
    For Lease
    Contact for pricing

    Prime location, 31,241 sq ft, elevator.

    Lot size:
    31,241 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This four-story, 31,241 square foot building, constructed in 1984, offers a unique blend of retail and office space in a highly desirable Harris County location on Richmond Avenue near Fountain View. The building features a contemporary design with a striking multi-pillar exterior, a grand staircase, and exposed columns with geometric configurations. The structure sits on a concrete slab foundation with a steel frame and tinted glass storefront. The roof is a built-up tar and gravel system over rigid insulation on a metal deck. Windows throughout the building are tinted glass in anodized aluminum frames. A convenient elevator and a grand staircase on the south side provide access to all four floors. The first and second floors are designated for retail use, while the third and fourth floors are dedicated to office space. The property also includes an open, concrete paved parking area. This exceptional property presents a rare opportunity to acquire a well-maintained building with a strong architectural presence in a prime commercial area. The building's versatile layout and prominent location make it ideal for a variety of businesses.

    Property Features for 5959 Richmond Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,241 SF

    Unit(s) available at that property

    Space
    Suite 300
    Size
    1,533 SF
    Space
    Suite 340
    Size
    1,429 SF

    HighLights

    • 31,241 square feet of combined retail and office space.
    • Four‑story building with elevator.
    • Located at 5959 Richmond Ave, Harris County.
    • Multiple tenants.
    • Features a mix of retail (first and second floors) and office space (third and fourth floors).
    Property Profile Location Intelligence

    Current Use by Public Records

    512 New Media Media Company Palm Beach Tan Tanning Salon Darque Tan Tanning Salon Bar Rosa Night Club Texas Medical Marijuana ... Medical Examiner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.483821
    Latitude
    29.7310853

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    FAQs

    What type of property is this?
    Retail property - Prime location, 31,241 sq ft, elevator.
    Where is this retail property located?
    The property is located at 5959 Richmond Ave Houston, TX.
    What are key features of this property?
    This property features: 31,241 square feet of combined retail and office space.; Four-story building with elevator.; Located at 5959 Richmond Ave, Harris County.
    Request Owner's contact information
    5959 Richmond Ave 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
    5959 Richmond Ave Houston, TX 77057
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