5815 Gulf Fwy, Houston, TX 77023
- Commercial real estate
- 44,099 SF
- 5.06 lot acres
Current Use by Public Records
- Lydia Navarro Roman, MD / Physician
- Michael Don Moss, NP / Pediatrician / Physician
- Alida C Chacon Padilla, NP / Physician
- Usman Khan Jilani, DO / Physician
- Cynthia Marie Ayala, MD / Pediatrician / Physician
Property Details for 5815 Gulf Fwy
- Year built
- 2020
- Construction
- CONCRETE BLOCKS
- Lot size
- 5.06 lot acres
- Property type
- Commercial real estate
- APN
- 1503680010001
- APU
- 1503680010001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 21, 2001 | — | Wayside 145 Ltd | Carlyle/fr Investors LLC | Grant Deed | $1M · Northern Trust Bank |
Description
South Gulf Plaza, a prime Houston mixed-use development, offers exceptional commercial space at 5815 Gulf Freeway, Houston, TX 77023. This high-visibility location boasts over 222,698 vehicles daily on the I-45 Gulf Freeway Service Road, inside Loop 610. The property comprises two buildings totaling 56,178 square feet, currently featuring a mix of retail, office, and warehouse space. Building A, a two-story structure, has its first floor fully leased to Wellmed. The second floor offers 8,729 square feet of divisible office space, available for lease at $32 per square foot, NNN. Building B encompasses 29,754 square feet and is currently fully leased, with an estimated NNN of $9.03 per square foot. Both buildings are delivered in shell condition, providing flexibility for tenant build-outs. A total of 8,729 square feet is currently vacant across both buildings. The property includes two loading docks and two dock-high doors, catering to various business needs. This exceptional opportunity presents a chance to secure space in a high-traffic, easily accessible location within a thriving commercial center. Available space ranges from 2,000 to 8,729 square feet.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,700,000
- 6.5%
- $8,955,000
- 7%
- $8,315,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $9,334,000
Market price range: $3.19M - $9.33M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3167
- Latitude
- 29.7177
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
