Medical Office Condo with Treatment
For Sale
Contact for pricing
Pending
6910 Bellaire Blvd, Houston, TX 77074
Medical office condo featuring four treatment rooms, multiple offices, and two-story layout with restrooms and an upstairs shower.
Property Size1,589 SF
Days on Market106
Property Features for 6910 Bellaire Blvd
General Information
Standard status
Pending
Size
1,589 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Office Units
1
Listing Agency:
Rutledge Commercial Real Estate
Listed By:
Wayne Rutledge · License #0574582
(832) 875-2980
Source:
Moodyscre
Added: Jun 1
Changed: Sep 1
Last Checked: Sep 14 at 9:20AM
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 medical office condo offers flexible interior space designed for medical or professional use. The layout includes four treatment rooms, a comfortable waiting area sized 18 x 8 feet, and a reception/office area sized 13 x 12 feet. A back-office area provides additional storage with built-in cabinets, supporting day-to-day organization and workflow.
The space is configured as a two-story unit with a large upstairs break room and lounge area. It also includes two restrooms on the ground floor and a shower upstairs. A monthly condo association fee covers common area/building maintenance as well as water, sewer, and trash.
Located at 6910 Bellaire Blvd in Houston, the property is near HWY-69 for convenient access and commuting.
The space is configured as a two-story unit with a large upstairs break room and lounge area. It also includes two restrooms on the ground floor and a shower upstairs. A monthly condo association fee covers common area/building maintenance as well as water, sewer, and trash.
Located at 6910 Bellaire Blvd in Houston, the property is near HWY-69 for convenient access and commuting.
Key Highlights
- Four treatment rooms for medical or professional use
- Waiting area measures 18 x 8 feet
- Reception/office area measures 13 x 12 feet
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
$21,623
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
7.23%
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%
$432,460
$432.5K
Cap Rate 7%
$308,900
$308.9K
Cap Rate 9%
$240,256
$240.3K
Market Conditions
NOI Build-Up for 1,589 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
$40.0K $25.20/SF
− Vacancy
−$4.0K −$2.52/SF
EGI
$36.0K $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%
$432,460
Cap Rate 7%
$308,900
Cap Rate 9%
$240,256
Alternative Uses
Best Use
Healthcare Medical
$308.9K
$270.3K – $360.4K
NOI $21,623 @ 7.0% cap · market cap 7.23%
Second Best
Office B
$264.8K
$231.7K – $308.9K
NOI $18,534 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$408.6K
$357.5K – $476.7K
NOI $28,602 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77074, TX
40,199
Population
15,154
Households
2.7
Avg Household Size
33
Median Age
20%
College-Educated
59%
High-School Grad
5.5 sq mi
ZIP Area
7,309
Density / Sq Mi
$47,408
Median Household Income
$28,688
Median Earnings
$1,066
Median Rent
$201,600
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office condo featuring four treatment rooms, multiple offices, and two-story layout with restrooms and an upstairs shower.
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: Four treatment rooms for medical or professional use; Waiting area measures 18 x 8 feet; Reception/office area measures 13 x 12 feet
