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

    5231 Bellaire Blvd Bellaire, TX 77401

    • Banks
    • 6,061 SF
    • 0.18 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3019771
    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

    • ConAir Ventilations System ∁leaning / Air Duct Cleaning Service / Handicraft
    • ATM / Atm
    • Showalter David W / Lawyer
    • Guaranty Bank & Trust / Bank / Check Cashing Service

    Property Details for 5231 Bellaire Blvd

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    0.18 lot acres
    Property size
    6,061 SF
    Property type
    Banks
    APN
    70580470007
    APU
    70580470007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellaire
    County
    Harris
    State
    Texas
    Longitude
    -95.4715
    Latitude
    29.7051
    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
    $15,944
    $232,500
    $560,000
    $792,500
    -
    $232,500
    $560,000
    $792,500

    Comparable in this City

    • Value Estimation by Request
      4,860 SF

      5104 Bellaire Blvd

      FINANCIAL BUILDING • 4,860 SF
      5104 Bellaire Blvd, Bellaire, TX 77401-4003
      View Details
    • Value Estimation by Request
      2,569 SF

      5102 Bellaire Blvd

      FINANCIAL BUILDING • 2,569 SF
      5102 Bellaire Blvd, Bellaire, TX 77401-4003
      View Details
    • Value Estimation
      $555,000
      8,321 SF

      5133 Bellaire Blvd

      FINANCIAL BUILDING • 8,321 SF
      5133 Bellaire Blvd, Bellaire, TX 77401-4419
      View Details
    • Value Estimation
      $970,000
      22,577 SF

      5320 Bellaire Blvd

      FINANCIAL BUILDING • 22,577 SF
      5320 Bellaire Blvd, Bellaire, TX 77401-3951
      View Details
    • Value Estimation by Request
      3,311 SF

      5240 Bellaire Blvd

      FINANCIAL BUILDING • 3,311 SF
      5240 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • Value Estimation by Request
      9,833 SF

      5301 Bissonnet St

      FINANCIAL BUILDING • 9,833 SF
      5301 Bissonnet St, Bellaire, TX 77401-3911
      View Details

    Similar Nearby for Sale

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      Prime Corner Lot in Bellaire

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      Bellaire Land for Sale

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      0.77 Acres

      Bellaire Land: Prime Commercial Site

      0.77 Acres, High Visibility, Excellent Location
      5910 Loop Fwy, Bellaire, TX 77401
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      2,100 SF

      Bellaire Office with Expansion Potential

      Professional office in Bellaire with large yard and recent renovation.
      5008 Locust St, Bellaire, TX 77401
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      Land For Sale Bellaire, TX

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    Similar Nearby for Lease

    • $30 SF/Yr
      610 SF

      Retail Space on Bissonnet Street

      Retail space available for lease in Bellaire, Texas.
      5301-5317 Bissonnet St, Bellaire, TX 77401
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Bellaire H-E-B

      Retail building adjacent to Bellaire Triangle H-E-B.
      5201 Spruce St, Bellaire, TX 77401
      View Details
    • Contact for pricing
      70,000 SF

      Bellaire Blvd Retail Center

      Prime Bellaire location, 8 suites available.
      5313-5407 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • $24 SF/Yr
      2,936 SF

      Bellaire Plaza

      Lifestyle centers • 2,936 SF
      5410 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • Contact for pricing
      37,699 SF

      Bellaire Blvd Retail Center

      High-traffic retail space available in Bellaire, TX
      0 Bellaire Blvd. & Rice Ave, Bellaire, TX 77401
      View Details
    • $2,849,000
      2,100 SF

      Bellaire Flex Space Available

      2,100 SF flex space with private entrance in Bellaire.
      5455 Dashwood St, Bellaire, TX 77401
      View Details
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    5231 Bellaire Blvd
    Bellaire, TX 77401
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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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