Office Unit For
For Sale
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11110 Bellaire Blvd, Houston, TX 77072
Office unit with 1,100 square feet of space.
Property Size1,100 SF
Price / SF$280
Days on Market1873
Property Features for 11110 Bellaire Blvd
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Office
Site & Location
Neighborhood
Bellaire West
Building Details
Stories
2
Units
5
Listing Agency:
DN Commercial
Listed By:
Danny Nguyen, CCIM · License #456765-b
(407) 273-2806
Source:
Crexi
Added: Sep 9, 2021
Changed: Oct 3
Last Checked: Oct 24 at 6:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DN Commercial
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Investment Insights
Based on property information with market context.
This commercial real estate offering features an office unit with a total area of 1,100 square feet. The property is located on Bellaire Boulevard in Houston, Texas.
Key Highlights
- Office Space Available
- 1,100 SqFt Size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,830
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,600
$256.6K
Cap Rate 7%
$183,286
$183.3K
Cap Rate 9%
$142,556
$142.6K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$23.8K $21.60/SF
− Vacancy
−$6.7K −$6.05/SF
EGI
$17.1K $15.55/SF
− OpEx
−$4.3K −$3.89/SF
NOI
$12.8K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,600
Cap Rate 7%
$183,286
Cap Rate 9%
$142,556
Alternative Uses
Best Use
Office B
$183.3K
$160.4K – $213.8K
NOI $12,830 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.9K
$247.5K – $330.0K
NOI $19,800 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 77072, TX
56,271
Population
20,371
Households
2.8
Avg Household Size
35
Median Age
18%
College-Educated
70%
High-School Grad
7.4 sq mi
ZIP Area
7,604
Density / Sq Mi
$49,893
Median Household Income
$26,980
Median Earnings
$1,248
Median Rent
$175,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with 1,100 square feet of space.
Where is this office unit located?
The property is located at 11110 Bellaire Blvd Houston, TX.
What is the asking price?
The asking price for this property is $308,000.
What are key features of this property?
This property features: Office Space Available; 1,100 SqFt Size
