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Property profile & analytics
OFF-MARKET Estimated value $745,000
Commercial real estate

5001 Main St Houston, TX 77002-9721

4,801 SF 0.47 ac lot Built 1945
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-0148571
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1945
Construction METAL FRAME
Total area 4,801 SF
Lot 0.47 ac (20,499 SF)
APN 332560050015
UPID US82-0148571
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
$975k
Comparable Approach Comparable
$763k
Blend (final) Blend
$745k
Owner & transaction history
Excelsior Land Co INC · 18 yrs held
Excelsior Land Co INC
since 2008
2 recorded transactions
2018
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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