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Property profile & analytics
OFF-MARKET
Retail space

5201 Spruce St Ste A Bellaire, TX 77401-3342

5,250 SF 0.32 ac lot Built 1974
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2226380
Property summary
AI-generated overview

This exceptional 1,000-square-foot retail space is available for lease in a prime Bellaire, Texas location. Situated within a 5,130-square-foot building at the corner of Spruce and 5th Street, this property boasts a highly desirable location directly across from a high-volume H-E-B grocery store, attracting 2.3 million annual visits. The building, constructed in 1974 and renovated in 2022, offers a Class C space within a single-story structure. The property includes 13 parking spaces and sits on a 0.29-acre lot. This vibrant retail center is anchored by established businesses such as Fajita Pete's and The Tailored Tail, ensuring a strong tenant mix and high foot traffic. The location benefits from its proximity to Bissonnet Street, a major thoroughfare with a high volume of daily traffic (16,494 vehicles per day). The surrounding area demonstrates strong demographics, with a substantial daytime population of 333,000 within a three-mile radius and high average incomes exceeding $138,000 within a one-mile radius. This presents a unique opportunity for businesses seeking high visibility and access to a thriving customer base in a well-established Bellaire commercial district. The property is ideal for a variety of retail uses. Contact us to learn more about lease terms and availability.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction STEEL FRAME
Total area 5,250 SF
Lot 0.32 ac (14,000 SF)
APN 70570450001
UPID US82-2226380
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
  • Fajita Petes - Bellaire Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shops At Spruce LLC · 5 yrs held
Shops At Spruce LLC
since 2020
5 recorded transactions
2021
Price N/A
2020
Price N/A
2016
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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