Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5703 Martin Luther King Blvd Houston, TX 77021-3224
    Back to Search
    Property profile & analytics

    5703 Martin Luther King Blvd Houston, TX 77021-3224

    View on Map
    • Medical Office Space
    • 5,429 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US82-3341910
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lewis David D DDS / Dental Office
    • Norman Wang / Dental Office
    • Saluja Ramanpreet DDS / Dental Office
    • Wang Hsin Fu DDS / Dental Office
    • Rastogi Geetika DDS / Dental Office

    Property Details for 5703 Martin Luther King Blvd

    Year built
    1961
    Construction
    BRICK
    Lot size
    0.52 lot acres
    Property size
    5,429 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    410070310075
    APU
    410070310075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3359
    Latitude
    29.6987
    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
    $13,443
    $365,148
    $284,461
    $649,609
    -
    $365,148
    $284,461
    $649,609

    Comparable in this City

    • Value Estimation
      $645,000
      17,022 SF

      5751 Blythewood St

      MEDICAL BUILDING • 17,022 SF
      5751 Blythewood St, Houston, TX 77021-5402
      View Details
    • Value Estimation
      $835,000
      13,086 SF

      2450 Holcombe Blvd

      MEDICAL BUILDING • 13,086 SF
      2450 Holcombe Blvd, Houston, TX 77021-2039
      View Details
    • Value Estimation
      $2,800,000
      43,872 SF

      2450 Holcombe Blvd

      MEDICAL BUILDING • 43,872 SF
      2450 Holcombe Blvd, Houston, TX 77021-2039
      View Details
    • Value Estimation
      $1,420,000
      22,272 SF

      2450 Holcombe Blvd

      MEDICAL BUILDING • 22,272 SF
      2450 Holcombe Blvd, Houston, TX 77021-2039
      View Details
    • Value Estimation
      $640,000
      10,038 SF

      2450 Holcombe Blvd

      MEDICAL BUILDING • 10,038 SF
      2450 Holcombe Blvd, Houston, TX 77021-2039
      View Details
    • Value Estimation
      $1,335,000
      20,918 SF

      2450 Holcombe Blvd

      MEDICAL BUILDING • 20,918 SF
      2450 Holcombe Blvd, Houston, TX 77021-2039
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available for Sale

      Land available for sale in Houston, Texas.
      Griggs Rd & Cullen Blvd, Houston, TX 77021
      View Details
    • $499,000
      3,232 SF

      High-Visibility Commercial Building For Sale

      Freestanding building in high-growth area, ideal for various businesses.
      5701 Martin Luther King Blvd, Houston, TX 77021
      View Details
    • $60,000

      Residential Lot in Houston

      Prime 1,425 sq ft residential lot near downtown Houston.
      4510 Ward St, Houston, TX 77021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,921 SF

      Medical/Professional Office Space Available

      1,921 SF office space with signage and ample parking.
      5751 Blythewood St, Houston, TX 77021
      View Details
    • Contact for pricing

      Renovated Retail Center For Lease

      Recently renovated neighborhood center with high traffic intersection location.
      6102 Scott St, Houston, TX 77021
      View Details
    • Contact for pricing
      416 SF

      Office Space For Rent

      Office space available for lease in Houston, TX.
      2600 South Loop West, Houston, TX 77021
      View Details
    • Contact for pricing

      Houston Auto Sales Space Available

      Lease space at Houston Auto Sales on Cullen BLVD.
      6522 Cullen Blvd, Houston, TX 77021
      View Details
    • Contact for pricing
      5,000 SF

      Life Science Space Near TMC

      5-story, 290,000 SF life science building for lease.
      3131 Holcombe Blvd, Houston, TX 77021
      View Details
    • Contact for pricing
      111,000 SF

      Healthcare Innovation Space Available

      Innovation Factory fostering collaboration to shape the future of healthcare.
      2450 Holcombe Blvd, Houston, TX 77021
      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.
    5703 Martin Luther King Blvd
    Houston, TX 77021-3224
    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

    Thank You for Inquiry
    5703 Martin Luther King Blvd, Houston, TX, 77021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!