Retail Investment Opportunity in Houston

8705 W Bellfort Ave, Houston, TX 77031

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For Sale

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Multi-tenant shopping center anchored by Dollar Tree for sale.

Type:Retail

Property size:

51,400 SF

Price / SF:

$215/SF

HighLights

Anchored by Dollar Tree, providing consistent customer traffic.
Strong internet‑resistant tenant mix, ensuring stable income.
Offers diverse retail, food, service, and medical options.
Located at a high‑traffic intersection (SWC of W Bellfort Ave and S Gessner Rd).
Multi‑tenant investment opportunity.
Located in Houston, Texas.

We can help!

Listing Contact

ANITA AMIN

Learn more

For Sale

Contact for pricing

Multi-tenant shopping center anchored by Dollar Tree for sale.

Type:Retail

Property size:

51,400 SF

Price / SF:

$215/SF

Added:: May 18, 2024
Days on Market:: 762
Last Refresh:: May 12 at 8:56 pm

Property Features for 8705 W Bellfort Ave

General Information

Standard status: Active
Size: 51,400 SF
Property subtype: Retail

Building Details

Year Built: 1983

We can help!

Listing Contact

ANITA AMIN

Listing agent ANITA AMIN License #TX 687033

Listing office The Blue Ox Group

Listing date May 18, 2024

Source Crexi

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 The Blue Ox Group

HighLights

Anchored by Dollar Tree, providing consistent customer traffic.
Strong internet‑resistant tenant mix, ensuring stable income.
Offers diverse retail, food, service, and medical options.
Located at a high‑traffic intersection (SWC of W Bellfort Ave and S Gessner Rd).
Multi‑tenant investment opportunity.
Located in Houston, Texas.

Overview

West Bellfort Plaza is a multi-tenant investment opportunity located at the southwest corner of West Bellfort Avenue and South Gessner Road in Houston, Texas. The center is anchored by Dollar Tree and comprises a strong internet-resistant tenant mix. The property provides retail, food, service, and medical offerings to the immediate and surrounding areas. The property size is 51,400 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.05M	$20.52
− Vacancy	−$59.1k	−$1.15
EGI	$995.7k	$19.37
− OpEx	−$298.7k	−$5.81
NOI	$697.0k	$13.56

51,400 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$9.96M

$8.71M – $11.62M (±1% cap)

NOI $696,964 @ 7.0% cap · market cap 6.28%

Second Best

—

no second resolved use

Theoretical Best

Office A

$13.22M

$11.57M – $15.42M (±1% cap)

NOI $925,200 @ 7.0% cap · market cap 8.34%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

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Location Insight

Map
Local Demand

City: Houston
County: Fort Bend
State: Texas
Longitude: -95.5461207
Latitude: 29.6546191

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For sale
Shopping centers
TX
Houston
77031
8705 W Bellfort Ave

What type of property is this?

Shopping center - Multi-tenant shopping center anchored by Dollar Tree for sale.

Where is this shopping center located?

The property is located at 8705 W Bellfort Ave Houston, TX.

What is the asking price?

The asking price for this property is $11,094,000.

What are key features of this property?

This property features: Anchored by Dollar Tree, providing consistent customer traffic.; Strong internet‑resistant tenant mix, ensuring stable income.; Offers diverse retail, food, service, and medical options.