5757 Westheimer Rd, Houston, TX 77057-5749
- Strip malls
- 24,531 SF
- 1.86 lot acres
Current Use by Public Records
- Exotic Diamonds / (Bike/Boat/Book/etc) Store
- Domino's Pizza / Restaurant
- Meche Shop / Cafe & Coffee Shop
- Reflux Specialists / Medical Clinic
- Cafe Lili / Restaurant
Property Details for 5757 Westheimer Rd
- Year built
- 1978
- Construction
- STEEL FRAME
- Lot size
- 1.86 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 450010000215
- APU
- 450010000215
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| — | — | Plaza Shopping Cent Westheimer | — | Deed Of Trust · related | $2.7M · American Equity Inv Life Ins |
| — | — | Plaza Shopping Cent Westheimer | — | Deed Of Trust · related | $3.4M · Miscellaneous Ins Co |
Description
Westheimer Plaza offers a prime retail opportunity in the heart of the Galleria area. This ±24,531 square foot shopping center boasts a highly visible location on Westheimer Road, experiencing a significant daily traffic count of 72,000 vehicles. Currently, one retail space of 800 square feet is available for lease. The property benefits from prominent pylon signage opportunities, ensuring maximum brand visibility. The surrounding area demonstrates strong demographics, with over 41,000 people within a one-mile radius during daytime hours. Westheimer Plaza is undergoing a comprehensive refresh, including a new roof and paint, along with upgrades to the parking lot and signage. This revitalization enhances the property's appeal and provides a modern and attractive environment for tenants. The property's multiple tenancy structure offers a diverse and vibrant shopping experience. This space presents a unique chance to establish a business in a high-traffic, well-maintained shopping center within a densely populated and affluent area. The combination of high visibility, strong demographics, and ongoing improvements makes this an exceptional retail investment opportunity.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $575,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $587,000
Market price range: $449k - $871k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $650,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $850,000 Change: +31% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4799
- Latitude
- 29.7373
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
