Commercial Land with Existing
New
For Sale
$1,200,000
11361 Beechnut Street, Houston, TX 77072
A six-bay building occupies the parcel along Beechnut Street in Houston.
Property Size2,932 SF
Price / SF$409.28
Days on Market2
Property Features for 11361 Beechnut Street
General Information
Standard status
Active
Size
2,932 SF
Property subtype
Commercial
Site & Location
Neighborhood
Bellaire West
Building Details
Year Built
1978
Listing Agency:
SANETI REALTY GROUP
Listed By:
Alberto Sanchez
(956) 215-1125
Source:
Sanetirealty
Added: Nov 1
Last Checked: Nov 1 at 2:51PM
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 SANETI REALTY GROUP
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land offering includes an existing building configured with six bays. The property occupies nearly half an acre, providing a site with both land and functional building space. The structure was built in 1978.
The parcel is located on Beechnut Street in Houston, in the Alief submarket.
The parcel is located on Beechnut Street in Houston, in the Alief submarket.
Key Highlights
- Nearly half an acre along Beechnut Street
- Existing building with six bays
- Located in Houston’s Alief submarket
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,757
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,140
$795.1K
Cap Rate 7%
$567,957
$568.0K
Cap Rate 9%
$441,744
$441.7K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$60.2K $20.52/SF
− Vacancy
−$3.4K −$1.15/SF
EGI
$56.8K $19.37/SF
− OpEx
−$17.0K −$5.81/SF
NOI
$39.8K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,140
Cap Rate 7%
$567,957
Cap Rate 9%
$441,744
Alternative Uses
Best Use
Retail
$568.0K
$497.0K – $662.6K
NOI $39,757 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$236.2K
$206.7K – $275.5K
NOI $16,532 @ 7.0% cap · market cap 1.38%
Theoretical Best
Office A
$753.9K
$659.7K – $879.6K
NOI $52,776 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
774
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Commercial land - A six-bay building occupies the parcel along Beechnut Street in Houston.
Where is this commercial land located?
The property is located at 11361 Beechnut Street Houston, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Nearly half an acre along Beechnut Street; Existing building with six bays; Located in Houston’s Alief submarket
