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

    5115 Westheimer Rd, Unit 487 Houston, TX 77056-5528

    • Hotels
    • 443,818 SF
    • 1.55 lot acres
    OFF-MARKET
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4630105
    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

    • House of Bobbi / Jewelry Store / Costume Jewelry Shop
    • COACH / Fashion Accessories Store / Jewelry Store
    • Emporio Armani Uomo Houston Saks / Boutique
    • Lacoste / Fashion Accessories Store / Leather Goods Store
    • kids atelier (Galleria) / Children'S Clothing Store

    Property Details for 5115 Westheimer Rd

    Year built
    1977
    Construction
    STEEL & CONCRETE
    Lot size
    1.55 lot acres
    Property size
    443,818 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1205380000001
    APU
    1205380000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4635
    Latitude
    29.7392
    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
    $1,063,325
    $10,125,150
    $46,763,288
    $56,888,438
    -
    $10,125,150
    $46,763,288
    $56,888,438

    Comparable in this City

    • Value Estimation
      $405,000
      82,889 SF

      5415 Westheimer Rd, Unit 152

      HOTEL/MOTEL • 82,889 SF
      5415 Westheimer Rd, Houston, TX 77056-5301
      View Details
    • Value Estimation
      $665,000
      319,548 SF

      4 Riverway, Unit 378

      HOTEL/MOTEL • 319,548 SF
      4 Riverway, Houston, TX 77056-1915
      View Details
    • Value Estimation
      $635,000
      266,935 SF

      2626 Sage Rd, Unit 325

      HOTEL/MOTEL • 266,935 SF
      2626 Sage Rd, Houston, TX 77056-5503
      View Details
    • Value Estimation
      $245,000
      149,124 SF

      1080 Uptown Park Blvd, Unit 122

      HOTEL/MOTEL • 149,124 SF
      1080 Uptown Park Blvd, Houston, TX 77056-3202
      View Details
    • Value Estimation
      $390,000
      103,597 SF

      5252 Alabama St, Unit 157

      HOTEL/MOTEL • 103,597 SF
      5252 Alabama St, Houston, TX 77056-5902
      View Details
    • Value Estimation
      $315,000
      420,458 SF

      5353 Westheimer Rd, Unit 476

      HOTEL/MOTEL • 420,458 SF
      5353 Westheimer Rd, Houston, TX 77056-5402
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Residence Inn Houston by Galleria

      146-room hotel available for purchase in Houston, Texas.
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    • $8,000,000

      Westheimer Rd Mixed-Use Redevelopment

      Prime Galleria Area, High-Traffic Location
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    • Contact for pricing
      22,176 SF

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      Rare Redevelopment Opportunity: Income-Producing, Multifamily
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      1.00 Acre

      Galleria Area Redevelopment Site

      Prime 1-Acre Houston Land, Endless Potential
      3055 Sage Rd, Houston, TX 77056
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      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.
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    Similar Nearby for Lease

    • 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
    • $16 SF/Yr
      4,943 SF

      Office Space with Renovations

      Office space for rent with ongoing extensive renovations.
      2 Riverway Dr, Houston, TX 77056
      View Details
    • $24 SF/Yr
      103,689 SF

      Prime Houston Office Space

      103,689 SF Office Building, 9,305 SF Vacant
      1770 Saint James Pl, Houston, TX 77056
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    • $15 SF/Yr
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      Office Space Available For Rent

      9,689 square foot office space available for lease.
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    • $2,000 /Mo

      Galleria Area Modern Condo

      Modern 2/2 condo in Galleria area with community amenities.
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      View Details
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    5115 Westheimer Rd, Unit 487
    Houston, TX 77056-5528
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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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