Houston Chinatown Retail &
12989 Bellaire Blvd Unit 7, Houston, TX 77072
Three-story, fully leased retail and office condominium in Houston's Chinatown.
Type:Office, Retail
Property size:
5,000 SFPrice / SF:
$159/SF- Added:
- Jun 13, 2025
- Days on Market:
- 381
- Last Refresh:
- Mar 17 at 1:19 pm
Property Features for 12989 Bellaire Blvd Unit 7
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Office, Retail
Listing office SKW Realty
Listing date Jun 13, 2025
Source Crexi
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 SKW Realty
HighLights
- 100% tenant‑occupied, generating rental income.
- Prime location on Bellaire Blvd in Houston's Chinatown/Alief district with high visibility and traffic.
- ±5,000 SF three‑story unit with flexible space: retail, office, and potential residential.
- Ground floor retail space with large storefront windows.
- Second floor suitable for mixed‑use (office/residential) with private entrance, rooms, bathrooms, kitchen, and laundry.
- No zoning restrictions (Houston).
Overview
Located at 12989 Bellaire Blvd, Unit 7, Houston, TX 77072, this fully leased three-story retail and office condominium is situated at the intersection of Bellaire Blvd and Synott Rd in Houston’s Alief/Chinatown district. The unit, part of a 17-unit commercial center, benefits from high visibility and heavy foot and vehicle traffic. The property has a total size of approximately 5,000 square feet across three floors. The ground floor, with approximately 1,800 square feet, features high-exposure retail space with large storefront windows suitable for beauty, retail, food, or office use. The second floor, with approximately 2,100 square feet and a private entrance, includes 3 rooms (offices or bedrooms), 2 full bathrooms, a kitchen, a dining area, and laundry hookup, making it suitable for mixed-use. The third floor, with approximately 1,100 square feet, provides usable attic space for storage or additional office or flex space. The property is currently 100% tenant-occupied and generating rental income. It also offers ample shared parking, professionally managed common areas, and built-in signage opportunities on Bellaire Blvd. Located in Houston’s Chinatown / Alief retail corridor, the property is minutes from Beltway 8, Highway 6, and Westpark Tollway. There are no zoning restrictions.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.6k | $20.52 |
| − Vacancy | −$5.7k | −$1.15 |
| EGI | $96.9k | $19.37 |
| − OpEx | −$29.1k | −$5.81 |
| NOI | $67.8k | $13.56 |
5,000 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$968.5K
$847.5K – $1.13M
NOI $67,798 @ 7.0% cap · market cap 8.47%
Second Best
Mixed Use
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,000 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Sunny Massage
Alternative Medicine Practice
PC Home POS
Computer & Electronic Repair
Nhan Hoa Herbs ...
Medical Clinic
HN Tax & Financial
Tax Preparation
THIEN TAM LLC
Charitable Organization
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.6128655
- Latitude
- 29.7029892
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story, fully leased retail and office condominium in Houston's Chinatown.
Where is this mixed-use property located?
The property is located at 12989 Bellaire Blvd Unit 7 Houston, TX.
What is the asking price?
The asking price for this property is $799,990.
What are key features of this property?
This property features: 100% tenant‑occupied, generating rental income.; **Prime location on Bellaire Blvd** in Houston's Chinatown/Alief district with high visibility and traffic.; **±5,000 SF three‑story unit with flexible space:** retail, office, and potential residential.
