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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5000 Westheimer Rd Houston, TX 77056

    • Community centers
    • 55,538 SF
    • 11.56 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3532286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • James Avery Artisan Jewelry / Jewelry Store / Engraver
    • Morton's The Steakhouse / American Restaurant / Restaurant
    • Sport Clips Haircuts of Post Oak / Barber Shop / Hair Salon
    • Lerant / Jewelry Store / Chinaware Store
    • Follicle / Medical Clinic

    Property Details for 5000 Westheimer Rd

    Year built
    1995
    Construction
    BRICK
    Lot size
    11.56 lot acres
    Property size
    55,538 SF
    Property type
    Community centers
    APN
    1182120010001
    APU
    1182120010001

    Description

    The Centre at Post Oak, located at 5000 Westheimer Rd, Houston, TX 77056, presents a unique opportunity for retail and restaurant businesses. This Harris County property boasts a total of 184,040 square feet, offering multiple suites ranging from a minimum of 1,569 square feet to a maximum contiguous space of 17,971 square feet. Currently, there are four total suites within the building, with 31,511 square feet currently vacant. The property benefits from a generous 4.7 parking ratio, ensuring ample parking for customers and employees. Situated at a highly visible and desirable intersection in Houston, directly across from the Houston Galleria, this location offers unparalleled access to a substantial daytime population and exceptional demographics. The property is undergoing remerchandising efforts, including updated signage and landscaping, to enhance the consumer experience. This prime retail space is ideal for businesses seeking high visibility and a strong customer base in one of Houston's most prestigious areas. The property's strategic location and planned improvements make it an exceptional investment opportunity. Contact us today to learn more about leasing options and explore the potential of this remarkable retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,330,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,375,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4625
    Latitude
    29.7421
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $1,691,363
    $75,505,650
    $2,819,730
    $78,325,380
    -
    $75,505,650
    $2,819,730
    $78,325,380

    Comparable in this City

    • Value Estimation
      $3,105,000
      172,483 SF

      2131 Post Oak Blvd

      MINI-MALL • 172,483 SF
      2131 Post Oak Blvd, Houston, TX 77056-4708
      View Details
    • Value Estimation
      $870,000
      75,010 SF

      1800 Post Oak Blvd

      MINI-MALL • 75,010 SF
      1800 Post Oak Blvd, Houston, TX 77056-3813
      View Details
    • Value Estimation by Request
      8,938 SF

      5176 Richmond Ave

      MINI-MALL • 8,938 SF
      5176 Richmond Ave, Houston, TX 77056-6702
      View Details
    • Value Estimation
      $1,265,000
      40,124 SF

      1101 Uptown Park Blvd

      MINI-MALL • 40,124 SF
      1101 Uptown Park Blvd, Houston, TX 77056-3223
      View Details
    • Value Estimation
      $1,425,000
      53,359 SF

      1717 Post Oak Blvd

      MINI-MALL • 53,359 SF
      1717 Post Oak Blvd, Houston, TX 77056-3880
      View Details
    • Value Estimation
      $815,000
      26,669 SF

      1180 Uptown Park Blvd Ste, Unit 7

      SHOPPING CENTER, STRIP CENTER • 26,669 SF
      1180 Uptown Park Blvd Ste, Houston, TX 77056-3220
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Westheimer Rd Mixed-Use Redevelopment

      Prime Galleria Area, High-Traffic Location
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      1.00 Acre

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      2.62 Acres

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      Uptown High-Rise Living

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      Residence Inn Houston by Galleria

      146-room hotel available for purchase in Houston, Texas.
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      Elegant 12th-floor condo with city views and resort-style amenities.
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    Similar Nearby for Lease

    • Contact for pricing
      184,040 SF

      Post Oak Retail Center - Houston

      Prime Houston retail space available.
      0 Westheimer Rd. & Post Oak Blvd, Houston, TX 77056
      View Details
    • Contact for pricing
      89,822 SF

      Richmond Square Retail Center

      Houston Galleria Area Retail Space
      0 Richmond Ave & Interstate 610, Houston, TX 77056
      View Details
    • Contact for pricing
      184,040 SF

      Prime Houston Retail Space

      Westheimer & Post Oak, Multiple Suites Available
      5000 Westheimer Rd, Houston, TX 77056
      View Details
    • Contact for pricing
      500,000 SF

      Houston Office Space for Lease

      Prestigious Houston office space, multiple suites available
      5120 Woodway Dr, Houston, TX 77056
      View Details
    • Contact for pricing

      Westheimer Road Property For Rent

      Property available for rent at 5200 Westheimer Road.
      5200 Westheimer Rd, Houston, TX 77056
      View Details
    • $2,850 /Mo

      Furnished Apartment with Galleria View

      Furnished 2-bedroom apartment with updated amenities and Galleria views.
      5150 Hidalgo St, Houston, TX 77056
      View Details
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    Houston, TX 77056
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    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
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