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    OFF-MARKET
    Medical Office Space

    5201 Bellaire Blvd, Bellaire, TX 77401-3901

    3,857 SF 0.36 ac lot Built 1976
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-2948672
    Property summary
    AI-generated overview

    This exceptional single-tenant retail space, totaling 3,857 square feet, is ideally situated at 5201 Bellaire Boulevard in Bellaire, Texas, zip code 77401. The property boasts a convenient location, just half a mile west of Loop 610 and 1.5 miles south of both the Westpark Tollway and US 59, ensuring high visibility and accessibility. Benefit from a strong demographic presence, with over 231,000 people residing within a 3-mile radius and over 547,000 within a 5-mile radius. This one-story building offers significant potential for a variety of retail businesses. Its strategic placement directly south of a 70,000 square foot H-E-B grocery store provides exceptional synergy and foot traffic opportunities. Furthermore, the property's location across the street from Bellaire Town Center further enhances its desirability and exposure to a large customer base. The net lease rate is approximately $8.25 per square foot. The entire space is currently vacant, presenting a unique opportunity for immediate occupancy. This property represents a compelling investment opportunity in a thriving retail corridor.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1976
    Construction WOOD FRAME
    Total area 3,857 SF
    Lot 0.36 ac (15,499 SF)
    APN 70580470001
    UPID US82-2948672
    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
    Current use
    Occupant on record · Public records
    • Bradley Brumback Physician
    • Norma Aguilera Physician
    • Gail Stern Physician
    • Jason Behler Physician
    • Salad and Go Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    5201 Bellaire Blvd LLC · 7 yrs held
    5201 Bellaire Blvd LLC
    since 2018
    6 recorded transactions
    2018
    2012
    1998
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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