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$255,000

NAL Estimated Property Value

5124 Polk St, Houston, TX, 77023

Off MarketInfo
CommercialInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size8,499 sqft

Land Information

APN0410070110023
Land UseCommercial
Legal DescriptionTR 23 ABST 51 L MOORE
Census Tract310600
Assessed Land Value$255,000
Assessment Year2025

About this property

DRASTICALLY REDUCED FOR A QUICK SALE! Vacant Lot on one of the most desirable streets in the Eastend of Houston. Centrally located to all majors points in Houston, Downtown, MedCenter, I45, 610 Loop, Parks, Zoo and much more. This property can be bought with the house next door (mls#13334900), OR buy and build.

Investor Tools

Property Icon
$255,000
Estimated Property Value
$613,170Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$335/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,740
$255,000
2025
$255,000
N/A
$255,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,740
$255,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$758,000
No
First
Mar 30, 2017
Mar 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$613,170
N/A
0%
240%
$4,545/mo

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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5124 Polk St | Property Details | No Agent List