Add Listing
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

    5415 Kelley St Houston, TX 77026-1886

    • Strip malls
    • 8,150 SF
    • 0.85 lot acres
    OFF-MARKET
    Last Sale
    Mar 12, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0291707
    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

    • Major League Cuts Barber Shop / Barber Shop
    • E.J. Walter Pharmacy / Pharmacy
    • Qualicare Pharmacy / Pharmacy
    • Kashmere Washateria / (Bike/Boat/Book/etc) Store
    • Timah African Hair Braiding / Hair Salon

    Property Details for 5415 Kelley St

    Year built
    2005
    Construction
    WOOD FRAME
    Lot size
    0.85 lot acres
    Property size
    8,150 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1238400010001
    APU
    1238400010001

    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
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3159
    Latitude
    29.8141
    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
    2020
    $12,837
    $352,590
    $279,199
    $631,789
    -
    $352,590
    $279,199
    $631,789

    Comparable in this City

    • Value Estimation
      $775,000
      44,915 SF

      5815 Lockwood Dr

      SHOPPING CENTER, STRIP CENTER • 44,915 SF
      5815 Lockwood Dr, Houston, TX 77026-1823
      View Details
    • Value Estimation by Request
      2,611 SF

      3822 Cavalcade St

      SHOPPING CENTER, STRIP CENTER • 2,611 SF
      3822 Cavalcade St, Houston, TX 77026-3404
      View Details
    • Value Estimation by Request
      7,992 SF

      4206 Kelley St

      SHOPPING CENTER, STRIP CENTER • 7,992 SF
      4206 Kelley St, Houston, TX 77026-1538
      View Details
    • Value Estimation by Request
      8,660 SF

      4003 Kelley St

      SHOPPING CENTER, STRIP CENTER • 8,660 SF
      4003 Kelley St, Houston, TX 77026-1586
      View Details
    • Value Estimation by Request
      4,000 SF

      4409 Lockwood Dr

      SHOPPING CENTER, STRIP CENTER • 4,000 SF
      4409 Lockwood Dr, Houston, TX 77026-2932
      View Details
    • Value Estimation by Request
      3,196 SF

      2811 Collingsworth St

      SHOPPING CENTER, STRIP CENTER • 3,196 SF
      2811 Collingsworth St, Houston, TX 77026-4517
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Redevelopment Opportunity in Booming Corridor

      Flexible site near Downtown Houston with freeway access.
      6113 Jensen Dr, Houston, TX 77026
      View Details
    • Contact for pricing
      5,976 SF

      Houston 8-Unit Apartment Complex

      Prime 8-unit apartment building, high NOI.
      4905 Kashmere St, Houston, TX 77026
      View Details
    • $85,995

      Residential Lot in Central Houston

      9,000 sq ft lot, build your dream home!
      00 Los Angeles St, Houston, TX 77026
      View Details
    • $125,000

      Cleared Lot in Growing Neighborhood

      Cleared lot suitable for various development projects in Houston.
      5025 Falls St, Houston, TX 77026
      View Details
    • $1,099,500

      Houston Multifamily Investment Opportunity

      Five new residences near Downtown Houston, ideal for rentals.
      2108 Des Chaumes St, Houston, TX 77026
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Property with Equipment Included

      Retail property suitable for various business ventures, equipment included.
      2605 Collingsworth St, Houston, TX 77026
      View Details
    • Contact for pricing
      34,710 SF

      Hardy Yards Office & Studio Space

      Houston Office/Studio Suites Available
      1710 Burnett St, Houston, TX 77026
      View Details
    • Contact for pricing
      48,600 SF

      Houston Warehouse/Coworking Space

      Flexible Industrial Space, 300-20,000 SF
      5025 Jensen Dr, Houston, TX 77026
      View Details
    • Contact for pricing

      Houston Warehouse with Freezer/Cooler Space

      21,092 SF warehouse with freezer and cooler space for sale.
      2701 Porter St, Houston, TX 77026
      View Details
    • $36,000
      17,800 SF

      Houston Industrial Laydown Yard

      9.29-Acre Single-Tenant Industrial Property
      3660 Schalker Dr, Houston, TX 77026
      View Details
    • Contact for pricing

      Industrial Property on Jensen Drive

      Industrial property featuring 1,848 square feet of space.
      5716 Jensen Dr, Houston, TX 77026
      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.
    5415 Kelley St
    Houston, TX 77026-1886
    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.
    Sign Up Successful!
    You now have access to more from Realmo!