Las Palmas Plaza Shopping
For Sale
$1,475,000
7985 Bellfort Street, Houston, TX 77061
Established retail center with a 2016 construction date and proximity to Hobby Airport.
Property Size7,985 SF
Days on Market135
Property Features for 7985 Bellfort Street
General Information
Standard status
Active
Size
7,985 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$79,033
Building Details
Building Size
7,985 SF
Units
5
Listed By:
Rishi Idnani · License #02195578 (CA)
(949) 669-7297
Source:
Matthews
Added: Jun 3
Changed: Oct 15
Last Checked: Oct 14 at 7:37PM
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 Rishi Idnani
Investment Insights
Based on property information with market context.
Las Palmas Plaza is a shopping center comprising 7,985 square feet of retail-oriented commercial space. The property was constructed in 2016 and is identified as a for-sale asset.
The center is located at 7985 Bellfort Street in Houston, Texas, within the 77061 ZIP code, and is situated near Hobby Airport.
The center is located at 7985 Bellfort Street in Houston, Texas, within the 77061 ZIP code, and is situated near Hobby Airport.
Key Highlights
- 7,985‑square‑foot shopping center
- Constructed in 2016
- Located at 7985 Bellfort Street, Houston, TX 77061
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,274
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,165,480
$2.2M
Cap Rate 7%
$1,546,771
$1.5M
Cap Rate 9%
$1,203,044
$1.2M
Market Conditions
NOI Build-Up for 7,985 SF
Gross rent
$163.9K $20.52/SF
− Vacancy
−$9.2K −$1.15/SF
EGI
$154.7K $19.37/SF
− OpEx
−$46.4K −$5.81/SF
NOI
$108.3K $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%
$2,165,480
Cap Rate 7%
$1,546,771
Cap Rate 9%
$1,203,044
Alternative Uses
Best Use
Retail
$1.55M
$1.35M – $1.80M
NOI $108,274 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.05M
$1.80M – $2.40M
NOI $143,730 @ 7.0% cap · market cap 9.74%
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
875
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77061, TX
23,398
Population
9,942
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
7.5 sq mi
ZIP Area
3,120
Density / Sq Mi
$44,520
Median Household Income
$32,659
Median Earnings
$973
Median Rent
$215,200
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with a 2016 construction date and proximity to Hobby Airport.
Where is this shopping center located?
The property is located at 7985 Bellfort Street Houston, TX.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 7,985‑square‑foot shopping center; Constructed in 2016; Located at 7985 Bellfort Street, Houston, TX 77061
