Fully Leased Mixed-Use
12989 Bellaire Blvd, Houston, TX 77072
For Sale
Contact for pricing
Turnkey investment with commercial and residential income in place.
Property Size5,178 SF
Price / SF$181.34
Days on Market285
Property Features for 12989 Bellaire Blvd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Synergy Commercial Group
Listed By:
Pearl Ngo · License TX #643564
(832) 219-0001
Source:
Crexi
Added: Feb 3
Changed: Nov 13
Last Checked: Nov 12 at 4:24AM
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 Synergy Commercial Group
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Investment Insights
Based on property information with market context.
This fully leased commercial, retail, and mixed-use building offers cash flow and investment potential. The first floor features an open floor plan and is occupied by a commercial tenant, generating rental income. The second and third floors, accessible via a private rear entrance, each contain 4 bedrooms, 2 bathrooms, a full kitchen, and a living area, totaling 8 bedrooms and 4 bathrooms across both floors. These floors are currently utilized as short-term rentals with occupancy and income. The property is a turnkey investment with income from both commercial and residential tenants.
Key Highlights
- Fully leased commercial/retail/mixed‑use building.
- Turnkey investment with immediate income from commercial and residential tenants.
- First floor occupied by a reliable commercial tenant generating steady rental income.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,212
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,404,240
$1.4M
Cap Rate 7%
$1,003,029
$1.0M
Cap Rate 9%
$780,133
$780.1K
Market Conditions
NOI Build-Up for 5,178 SF
Gross rent
$106.3K $20.52/SF
− Vacancy
−$6.0K −$1.15/SF
EGI
$100.3K $19.37/SF
− OpEx
−$30.1K −$5.81/SF
NOI
$70.2K $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%
$1,404,240
Cap Rate 7%
$1,003,029
Cap Rate 9%
$780,133
Alternative Uses
Best Use
Retail
$1.00M
$877.7K – $1.17M
NOI $70,212 @ 7.0% cap · market cap 7.48%
Second Best
Mixed Use
$976.4K
$854.4K – $1.14M
NOI $68,350 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,204 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
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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
Properties on Market for Mixed-use properties in Houston
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Turnkey investment with commercial and residential income in place.
Where is this mixed-use property located?
The property is located at 12989 Bellaire Blvd Houston, TX.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Fully leased commercial/retail/mixed‑use building.; Turnkey investment with immediate income from commercial and residential tenants.; First floor occupied by a reliable commercial tenant generating steady rental income.**
