Well-Maintained Condo in Gated
For Sale
$199,000
9200 Westheimer Road #604, Houston, TX 77063
Three-story condo with community amenities, convenient to shopping and dining.
Property Size1,340 SF
Price / SF$148.51
Days on Market378
Property Features for 9200 Westheimer Road #604
General Information
Standard status
Active
Size
1,340 SF
Property subtype
Condominium
Building Details
Year Built
2003
Listing Agency:
Benson & Mangold, LLC
(832) 971-3040
Listed By:
Amy Wokoun · License #0797749
(832) 971-3040
Source:
Kw
Added: Jul 25, 2025
Changed: Jul 6
Last Checked: May 19 at 9:11PM
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 Benson & Mangold, LLC
Investment Insights
Based on property information with market context.
This well-maintained, three-story condo is located within a gated community. The property features 2 bedrooms and 2.5 bathrooms, offering a functional layout with ample natural light and comfortable living space. Residents have exclusive access to HOA amenities, including a pool, clubhouse, and neighborhood park, providing a resort-style living experience. The location is convenient to stores, restaurants, and everyday essentials.
Key Highlights
- Desirable gated community providing security and exclusivity.
- Access to resort‑style HOA amenities: pool, clubhouse, and neighborhood park.
- Convenient location: minutes from stores, restaurants, and everyday essentials.
Financial Insights For Apartment 5plus
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 | $29.4k | $21.96 |
| − Vacancy | −$1.8k | −$1.36 |
| EGI | $27.6k | $20.60 |
| − OpEx | −$12.4k | −$9.27 |
| NOI | $15.2k | $11.33 |
1,340 SF · lease $21.96/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$216.9K
$189.8K – $253.0K
NOI $15,181 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$344.6K
$301.5K – $402.0K
NOI $24,120 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Explore this area
Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three-story condo with community amenities, convenient to shopping and dining.
Where is this apartment building located?
The property is located at 9200 Westheimer Road #604 Houston, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Desirable gated community providing security and exclusivity.; Access to resort‑style HOA amenities: pool, clubhouse, and neighborhood park.; Convenient location: minutes from stores, restaurants, and everyday essentials.
