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Property profile & analytics
FOR SALE
Office Units

5701 Martin Luther King Blvd Houston, TX 77021

3,232 SF Built 1972
Entity Owned
Property ID
US82-2193502
Property summary
AI-generated overview

Situated in the high-growth OST-South Union area, 5701 Martin Luther King Blvd is a prime commercial opportunity priced aggressively at $499,000. This ~3,232 SF freestanding building sits on a 0.16-acre lot featuring a commanding 230 feet of frontage, ensuring maximum visibility for any business. Located in a federal Opportunity Zone, the property offers significant tax incentives and sits within minutes of the Texas Medical Center, the University of Houston, and Downtown, making it a strategic hub for medical offices, retail, or creative professional suites. The surrounding corridor is currently undergoing a massive urban revitalization, with a surge of new residential developments and infrastructure upgrades driving consistent value appreciation. With its proximity to I-610 and Hwy 288, this location provides seamless access for both local commuters and the thousands of daily visitors to the nearby medical and academic districts. Whether you are looking to launch a flagship location or secure a high-yield asset in one of Houston’s most promising neighborhoods, this versatile property is positioned for immediate impact and long-term growth.

Property profile
Verified
Property type Office Units
Year built 1972
Total area 3,232 SF
UPID US82-2193502
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Houston Business Development INC
Houston Business Development INC
since 2026
2 recorded transactions
2026
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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