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 Market440
Property Features for 9200 Westheimer Road #604
General Information
Standard status
Active
Size
1,340 SF
Property subtype
Condominium
Amenities
Central
Electric
Central Air
Electric Cooktop
Electric Oven
Composition
Building Details
Building Size
1,340 SF
Year Built
2003
Stories
3
Listing Agency:
KELLER WILLIAMS REALTY SOUTHWEST
Listed By:
Amy Wokoun · License #0797749
(832) 971-3040
Source:
Kw
Added: Jul 25, 2025
Changed: Aug 8
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 KELLER WILLIAMS REALTY SOUTHWEST
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
Estimated NOI and Cap Rate
NOI / Yr
$15,181
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,620
$303.6K
Cap Rate 7%
$216,871
$216.9K
Cap Rate 9%
$168,678
$168.7K
Market Conditions
NOI Build-Up for 1,340 SF
Gross rent
$29.4K $21.96/SF
− Vacancy
−$1.8K −$1.36/SF
EGI
$27.6K $20.60/SF
− OpEx
−$12.4K −$9.27/SF
NOI
$15.2K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,620
Cap Rate 7%
$216,871
Cap Rate 9%
$168,678
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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.
