Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    5002 Westheimer Rd Houston, TX 77056-5601

    • Strip malls
    • 34,938 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2797034
    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

    • Poggenpohl Houston Kitchen Design Studio / Countertop Store / Kitchen Remodeler

    Property Details for 5002 Westheimer Rd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Property size
    34,938 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1153990000001
    APU
    1153990000001

    Description

    Located at 5002 Westheimer Rd in Houston, Texas (zip code 77056), Embassy Plaza at Post Oak offers a remarkable retail opportunity in the heart of Uptown Houston. This Harris County property boasts a total of 30,782 square feet of available retail space, currently entirely vacant. The property is divisible into units ranging from a minimum of 3,909 square feet to a maximum contiguous space of 17,044 square feet, providing flexibility for various retail concepts. Situated in a thriving area known for its high concentration of luxury brands and significant retail absorption rates, Embassy Plaza benefits from its location within Uptown Houston, a renowned destination for upscale shopping and dining. The property's address places it within easy reach of a diverse clientele, including global professionals, fashion enthusiasts, and tourists, ensuring high visibility and foot traffic. This presents a unique chance to establish a presence in one of the nation's premier retail markets, alongside established luxury brands. The property's size and layout offer significant potential for a variety of retail uses, making it an attractive investment in a dynamic and upscale Houston neighborhood. This is a rare opportunity to secure a substantial retail presence in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $757,000
      Market price range: $354k - $1.41M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $835,000
      Current use
      INDUSTRIAL (GENERAL)
      $865,000
      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
    -95.4614
    Latitude
    29.7415
    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
    $292,226
    $5,893,050
    $8,034,649
    $13,927,699
    -
    $5,893,050
    $8,034,649
    $13,927,699

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      5300 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 7,500 SF
      5300 Westheimer Rd, Houston, TX 77056-5403
      View Details
    • Value Estimation by Request
      12,625 SF

      5346 Westheimer Rd

      SHOPPING CENTER, STRIP CENTER • 12,625 SF
      5346 Westheimer Rd, Houston, TX 77056-5403
      View Details
    • Value Estimation by Request
      13,416 SF

      5201 Richmond Ave

      SHOPPING CENTER, STRIP CENTER • 13,416 SF
      5201 Richmond Ave, Houston, TX 77056-7500
      View Details
    • Value Estimation by Request
      19,975 SF

      5549 Richmond Ave

      SHOPPING CENTER, STRIP CENTER • 19,975 SF
      5549 Richmond Ave, Houston, TX 77056-6615
      View Details
    • Value Estimation by Request
      11,600 SF

      2707 Chimney Rock Rd

      SHOPPING CENTER, STRIP CENTER • 11,600 SF
      2707 Chimney Rock Rd, Houston, TX 77056-4035
      View Details
    • Value Estimation
      $680,000
      47,346 SF

      5016 San Felipe St

      SHOPPING CENTER, STRIP CENTER • 47,346 SF
      5016 San Felipe St, Houston, TX 77056-3602
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Westheimer Rd Mixed-Use Redevelopment

      Prime Galleria Area, High-Traffic Location
      5116 Westheimer Rd, Houston, TX 77056
      View Details
    • Contact for pricing
      1.00 Acre

      Galleria Area Redevelopment Site

      Prime 1-Acre Houston Land, Endless Potential
      3055 Sage Rd, Houston, TX 77056
      View Details
    • Contact for pricing
      2.62 Acres

      Galleria Area Commercial Land

      2.62 Acres, Prime Houston Location
      3500 Sage Rd, Houston, TX 77056
      View Details
    • $159,900
      1,095 SF

      Uptown High-Rise Living

      Two-bedroom corner unit with views and amenities in Uptown Houston.
      3525 Sage Rd, Houston, TX 77056
      View Details
    • Contact for pricing

      Residence Inn Houston by Galleria

      146-room hotel available for purchase in Houston, Texas.
      2500 Mccue Rd, Houston, TX 77056
      View Details
    • $235,000
      1,221 SF

      Contemporary High-Rise Unit with Amenities

      Luxurious 2-bedroom condo with city views and modern amenities.
      3525 Sage Rd, Houston, TX 77056
      View Details

    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
    • $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
    • Contact for pricing
      43,737 SF

      Renovated Office Building with Amenities

      Office building featuring renovated spaces, tenant lounge, and onsite management.
      5433 Westheimer Rd, Houston, TX 77056
      View Details
    Request Owner's contact information
    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.
    5002 Westheimer Rd
    Houston, TX 77056-5601
    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
    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

    Google sign-in failed. Please try again or use another login method.