5001 Main St Houston, TX 77002-9721
This exceptional offering encompasses two full city blocks (1.08 acres total) in Houston's vibrant Museum District, located at 5001 & 5115 Main Street, zip code 77002, Harris County, Texas. Each block, totaling 1.079 acres each, is available for purchase individually or together, presenting a unique investment opportunity. The property boasts prominent frontage on Main and Fannin Streets, major thoroughfares providing easy access to the Museum District and the Texas Medical Center. 5115 Main Street features two medical office buildings, totaling 29,950 square feet (25,050 SF and 4,900 SF), constructed in 1979. The location offers unparalleled convenience, situated just four blocks north of the Museum District Metro Light Rail station. Utilities are provided by the City of Houston. Importantly, no pipelines traverse the land, and the property lies outside the 500-year floodplain. This prime location within the Museum District provides easy access to a wealth of cultural attractions, educational institutions, healthcare facilities, and a thriving community atmosphere. This is a rare opportunity to acquire a substantial land holding in one of Houston's most desirable and rapidly developing areas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.