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Property profile & analytics
OFF-MARKET Estimated value $505,000
Strip malls

5945 Bellaire Blvd Houston, TX 77081-5528

12,534 SF 0.8 ac lot Built 2007
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-0202182
Property summary
AI-generated overview

This exceptional 9,900 square foot medical office building, constructed in 2007, presents a unique investment opportunity in Houston, Texas. Situated on a 0.83-acre lot at 5945 Bellaire Blvd, zip code 77081, this multi-tenant property boasts high visibility and accessibility from Bellaire Boulevard, at the southeast corner of Bellaire Blvd and Mullins Dr. Three individual suites are currently available, ranging in size from 1,300 to 3,000 square feet. One combined space of 3,000 square feet (Units E & F) is particularly noteworthy, previously configured as a doctor's office. The property benefits from a prominent location on a large pylon sign, ensuring excellent exposure for tenants. The building offers a strong tenant mix, including established businesses such as State Farm Insurance, Chic Nails, and Honduras Maya Café & Bar. Annual property taxes are $5.09 per square foot. The building does not include elevators. This is an ideal opportunity for medical professionals or investors seeking a well-located, established property in a thriving Houston neighborhood.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction CONCRETE BLOCKS
Total area 12,534 SF
Lot 0.8 ac (34,831 SF)
APN 1290370010001
UPID US82-0202182
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
  • Possibility Wellness Gym & Fitness Center Alternative Medicine Practice
  • Cleo M Salon Hair Salon Nail Salon
  • Healthy Balance Alternative Medicine Practice
  • Agente Atlantida USA Bank Credit Union
  • Pranic Healing Houston Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$460k
Blend (final) Blend
$505k
Owner & transaction history
West Region Properties LLC · 7 yrs held
West Region Properties LLC
since 2019
7 recorded transactions
2023
Price N/A
2019
Price N/A
2016
Price N/A
2008
Price N/A
2006
Price N/A
2006
Price N/A
2004
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $800,000 +99.1%
Retail stores $675,000 +67.4%
Warehouse, storage $570,000 +42.4%
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