Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5714 Fairdale Ln Houston, TX 77057-6303
    Back to Search
    Property profile & analytics

    5714 Fairdale Ln, Houston, TX 77057-6303

    View on Map
    • Specialty properties
    • 8,262 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US82-3015592
    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
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PARAISO MARAVILLA / Hotel & Motel / Resort
    • Harry Potter: A Yule Ball Celebration - Houston / Hotel & Motel / Resort

    Property Details for 5714 Fairdale Ln

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Lot size
    0.28 lot acres
    Property type
    Specialty properties
    APN
    741370000100
    APU
    741370000100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 5, 2021 — Harrow Real Estate LLC — Deed · related $901k · Texas Gulf Bank NA
    Dec 23, 2019 — Harrow Real Estate LLC Shanahan LP Grant Deed $900k · Sv Cap Ptrs LLC
    Aug 15, 2019 — Shanahan LP — Deed · related $1.4M · Community Nat'l Bk&tr/tx
    Jul 11, 2014 — Shanahan LP Clarke,stephen M Grant Deed $1.6M · Community Nat'l Bk&tr/tx
    Sep 29, 2006 — Stephen M Clarke Clarke,gretchen Quit Claim Deed · related —
    — — Shanahan LP — Loan Modification · related $1.4M · Community Nat'l Bk&tr/tx

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $1,020,000
      Current use
      MEDICAL BUILDING
      $1,570,000
      Change: +54% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $925,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4795
    Latitude
    29.7334
    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
    $31,016
    $434,350
    $1,245,056
    $1,679,406
    -
    $434,350
    $1,245,056
    $1,679,406

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      6209 Skyline Dr

      Distribution properties
      6209 Skyline Dr, Houston, TX 77057
      View Details
    • Value Estimation
      $605,000
      4,892 SF

      Houston, TX 77057

      PROFESSIONAL CLUBS/ASSOCIATIONS
      Houston, TX 77057
      View Details
    • Value Estimation by Request
      2,827 SF

      5710 Fairdale Ln

      FUNERAL HOME
      5710 Fairdale Ln, Houston, TX 77057-6303
      View Details
    • Value Estimation
      $930,000
      19,857 SF

      1010 Bering Dr

      FUNERAL HOME
      1010 Bering Dr, Houston, TX 77057-2110
      View Details
    • Value Estimation by Request
      1,232 SF

      2600 Briargrove Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      2600 Briargrove Dr, Houston, TX 77057-4417
      View Details
    • Value Estimation by Request
      4.01 Acres

      1910 Bering Dr

      Churches & religious facilities
      1910 Bering Dr, Houston, TX 77057
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,920 SF

      Houston Hospitality Investment Opportunity

      NNN hospitality property for sale in Houston retail corridor.
      6025 Westheimer Rd, Houston, TX 77057
      View Details
    • $1,597,000

      Drive-Through Restaurant with Absolute NNN

      Absolute NNN ground lease with a 20-year term and scheduled rent increases, anchored by an operating drive-through Taco Bell.
      5818 Richmond Ave, Houston, TX 77057
      View Details
    • Contact for pricing
      21,599 SF

      Galleria Area Versatile Event Venue

      Three-story, 21,599 SF commercial property in Houston's Galleria area.
      6303 Beverlyhill St, Houston, TX 77057
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building Near Galleria

      Extensively renovated office building with convenient access and nearby amenities.
      2401 Fountain View Dr, Houston, TX 77057
      View Details
    • Contact for pricing

      Professional Office Building For Lease

      Multi-tenant office building near Galleria and Greenway Plaza.
      6060 Richmond Ave, Houston, TX 77057
      View Details
    • $3,198 /Mo
      154,290 SF

      Fully Furnished Private Office Suites

      Private offices include receptionist support, printing, refreshments, parking, utilities, and janitorial—plus conference room access and shared amenities.
      5718 Westheimer Rd, Houston, TX 77057
      View Details
    • Contact for pricing

      Retail Space Near Galleria

      Retail building near Galleria, Westheimer, and major highways.
      2655 Winrock Blvd, Houston, TX 77057
      View Details
    • Contact for pricing

      Retail Space in Galleria/Uptown District

      Retail spaces available in Houston's Galleria/Uptown District.
      5702-5710 San Felipe St, Houston, TX 77057
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space on Westheimer Road

      Retail property available for lease on Westheimer Road.
      6508 Westheimer Rd, Houston, TX 77057
      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.
    5714 Fairdale Ln
    Houston, TX 77057-6303
    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
    5714 Fairdale Ln, Houston, TX, 77057
    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!