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Property profile & analytics
OFF-MARKET Estimated value $805,000
Specialty properties

5524 Richmond Ave Houston, TX 77056-6616

6,075 SF 0.98 ac lot Built 1982
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-0249884
Property summary
AI-generated overview

This exceptional 6,075 square foot freestanding retail building presents a unique investment opportunity in the highly desirable Galleria/Uptown area of Harris County. Situated on a 0.98-acre lot, this single-tenancy property boasts an unparalleled location along Richmond Avenue, near the intersection of Chimney Rock Road. Its strategic position provides convenient access to major thoroughfares, including I-69, the Westpark Tollway, and Loop 610, ensuring high visibility and accessibility for customers and employees alike. The building's substantial size offers ample space for a variety of retail uses, making it an ideal choice for businesses seeking a prominent presence in a thriving commercial district. The property's location within the Galleria/Uptown area guarantees a strong customer base and significant foot traffic, contributing to its high potential for return on investment. This is a rare opportunity to acquire a well-positioned, freestanding retail building in one of Houston's most sought-after commercial zones. The property's size, location, and accessibility combine to create a compelling investment prospect for discerning buyers. The convenient access to major roadways ensures easy commutes for both employees and customers, further enhancing the property's appeal. This prime retail space is ready for immediate occupancy and presents a significant opportunity for growth and profitability.

Property profile
Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1982
Construction STEEL FRAME
Total area 6,075 SF
Lot 0.98 ac (42,732 SF)
APN 1373330010001
UPID US83-0249884
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
  • Vntg Sply Discount Store
  • Doves Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k
Owner & transaction history
Fisher Systems LLC · 8 yrs held
Fisher Systems LLC
since 2017
6 recorded transactions
2017
Price N/A
2010
Price N/A
2009
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.1M +47.0%
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