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Property profile & analytics
OFF-MARKET Estimated value $580,000
Strip malls

5757 Westheimer Rd Houston, TX 77057-5749

24,531 SF 1.86 ac lot Built 1978
Individually Owned 25-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4175057
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Construction STEEL FRAME
Total area 24,531 SF
Lot 1.86 ac (80,891 SF)
APN 450010000215
UPID US82-4175057
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$587k
Blend (final) Blend
$580k
Owner & transaction history
Plaza Shopping Cent Westheimer
Plaza Shopping Cent Westheimer
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $850,000 +30.9%
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