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

    5700 Chimney Rock Rd Houston, TX 77081-2713

    • Strip malls
    • 32,748 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-2242693
    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

    • Citgo / Gas Station
    • ATM (ATM Link, Inc.) / Atm
    • Dr. Patricia Guerra-Hirji / Dental Office
    • Courtesy Food Mart / Grocery & Convenience Store
    • Cardtronics ATM / Atm

    Property Details for 5700 Chimney Rock Rd

    Year built
    1985
    Construction
    CONCRETE BLOCKS
    Lot size
    1.98 lot acres
    Property size
    32,748 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    370590240048
    APU
    370590240048

    Description

    This exceptional retail investment opportunity is located at 5700 Chimney Rock Rd, Houston, Texas, 77081, within the bustling Harris County market. The property, known as Chimney Rock Central, is a multi-tenant shopping center boasting a total of 30,224 square feet of retail space. Currently, there is one available space totaling 1,500 square feet, presenting a unique chance for a business to establish itself in a high-traffic location. The property's strategic location on Chimney Rock Road ensures excellent visibility and accessibility for customers. The shopping center's existing tenant mix contributes to a vibrant and thriving commercial environment. This property is ideal for a variety of retail businesses seeking a well-established location with significant foot traffic potential. The property's size and layout offer flexibility for various retail concepts. This is a rare opportunity to acquire a piece of prime Houston retail real estate in a highly desirable area. The property's strong location and existing infrastructure make it an attractive investment for both established businesses and new ventures. Detailed financial information and lease terms are available upon request. Don't miss this chance to secure a foothold in this thriving Houston market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $865,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $857,000
      Market price range: $824k - $1.20M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,050,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,095,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4769
    Latitude
    29.7195
    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
    $67,022
    $1,292,745
    $2,081,980
    $3,374,725
    -
    $1,292,745
    $2,081,980
    $3,374,725

    Comparable in this City

    • Value Estimation
      $775,000
      34,678 SF

      6121 Hillcroft St

      SHOPPING CENTER, STRIP CENTER • 34,678 SF
      6121 Hillcroft St, Houston, TX 77081-1002
      View Details
    • Value Estimation
      $915,000
      42,336 SF

      5950 Gulfton St

      SHOPPING CENTER, STRIP CENTER • 42,336 SF
      5950 Gulfton St, Houston, TX 77081-2414
      View Details
    • Value Estimation
      $530,000
      14,100 SF

      5611 Bellaire Blvd Ste, Unit 128

      SHOPPING CENTER, STRIP CENTER • 14,100 SF
      5611 Bellaire Blvd Ste, Houston, TX 77081-5631
      View Details
    • Value Estimation by Request
      14,929 SF

      6295 Bissonnet St

      SHOPPING CENTER, STRIP CENTER • 14,929 SF
      6295 Bissonnet St, Houston, TX 77081-6809
      View Details
    • Value Estimation
      $1,205,000
      59,123 SF

      5800 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 59,123 SF
      5800 Bellaire Blvd, Houston, TX 77081-5537
      View Details
    • Value Estimation by Request
      17,598 SF

      5920 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 17,598 SF
      5920 Bellaire Blvd, Houston, TX 77081-5516
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Houston Shopping Center

      Galleria-area retail land, 23,118 sq ft
      6627 Chimney Rock Rd, Houston, TX 77081
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      Retail center built in 2006 on 1.35 acres.
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      Retail Property on Bellaire Boulevard

      Retail property available for sale on Bellaire Boulevard.
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    • $80,000
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      Cozy Condo Near Gallery Area

      Two-bedroom condo with covered parking, community pool, utilities included.
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      Land For Sale Houston

      Land available for sale at 6627 Chimney Rock Road.
      6627 Chimney Rock Rd, Houston, TX 77081
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    • $179,990

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    Similar Nearby for Lease

    • Contact for pricing
      14,473 SF

      Houston Retail Space For Lease

      Retail space in Southwest Houston with high visibility and ample parking.
      7818-7912 Hillcroft St, Houston, TX 77081
      View Details
    • $17 SF/Yr
      1,950 SF

      Retail Center on Bellaire Boulevard

      Retail center with high traffic and frontage exposure.
      5805-5821 Bellaire Blvd, Houston, TX 77081
      View Details
    • $20 SF/Yr
      1,375 SF

      Retail Space in Houston Center

      Retail space for lease in a densely populated Houston area.
      5700 Bellaire Blvd, Houston, TX 77081
      View Details
    • Contact for pricing
      80,963 SF

      Bellaire Medical Center: Houston

      80,963 SF Medical Building, Multiple Suites Available
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    • $26 SF/Yr
      33,795 SF

      Ashcroft Plaza: Flex Space Available

      Bellaire Blvd prime flex space; multiple suites.
      6909 Ashcroft Dr, Houston, TX 77081
      View Details
    • Contact for pricing
      37,250 SF

      Houston Flex Space for Lease

      12 Suites, 37,250 SF, Great Location
      6200 Evergreen St, Houston, TX 77081
      View Details
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    Houston, TX 77081-2713
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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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