Functional Office Condo on
For Sale
Contact for pricing
6910 Bellaire Blvd, Houston, TX
1,584 SF office condo suitable for medical or professional services.
Property Size1,584 SF
Lot Size1.59 Acres
Price / SF$188.76
Days on Market261
Property Features for 6910 Bellaire Blvd
General Information
Standard status
Active
Size
1,584 SF
Lot size
1.59 Acres
Property subtype
OFFICE
Listing Agency:
Rutledge Commercial Real Estate
(832) 875-2980
Listed By:
Wayne Rutledge · License #0574582
(832) 875-2980
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:17PM
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 Rutledge Commercial Real Estate
Investment Insights
Based on property information with market context.
This 1,584 SF office condo is located on Bellaire Boulevard in Houston, Texas. The space, formerly a dental office, features a functional layout and plumbing infrastructure suitable for continued medical use. It can also be easily converted for professional services such as legal, real estate, insurance, or consulting. The downstairs area includes a reception and waiting area, a large workstation area, a storage room, four private offices, and two restrooms. Upstairs, the unit features a shower, a kitchen, and an open common area. The unit is part of a well-maintained professional office complex that offers ample parking and accessibility. The property is conveniently located near I-69, I-610, I-45, and the Sam Houston Tollway, providing connectivity across the greater Houston area. This space is suitable for owner occupancy or investment and is well-positioned for a variety of business needs.
Key Highlights
- 1,584 SF office condo on Bellaire Boulevard.
- Functional layout with existing plumbing infrastructure suitable for medical or professional services.
- Includes reception area, waiting area, workstation area, 4 private offices, 2 restrooms, shower, kitchen, and open common area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,555
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$431,100
$431.1K
Cap Rate 7%
$307,929
$307.9K
Cap Rate 9%
$239,500
$239.5K
Market Conditions
NOI Build-Up for 1,584 SF
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.
Gross rent
$39.9K $25.20/SF
− Vacancy
−$4.0K −$2.52/SF
EGI
$35.9K $22.68/SF
− OpEx
−$14.4K −$9.07/SF
NOI
$21.6K $13.61/SF
Area
Houston, TX
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$431,100
Cap Rate 7%
$307,929
Cap Rate 9%
$239,500
Alternative Uses
Best Use
Healthcare Medical
$307.9K
$269.4K – $359.3K
NOI $21,555 @ 7.0% cap · market cap 7.21%
Second Best
Office B
$263.9K
$231.0K – $307.9K
NOI $18,476 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,584 SF office condo suitable for medical or professional services.
Where is this medical office space located?
The property is located at 6910 Bellaire Blvd Houston, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,584 SF office condo on Bellaire Boulevard.; Functional layout with existing plumbing infrastructure suitable for medical or professional services.; Includes reception area, waiting area, workstation area, 4 private offices, 2 restrooms, shower, kitchen, and open common area.
