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    8705 Bellfort Ave Houston, TX 77031

    For Sale
    $11,300,000

    Houston Retail Center, 15 Tenants, 6.5% Cap Rate

    Property size:
    51,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional multi-tenant retail investment opportunity, located at 8705 W Bellfort Ave in Houston, Texas, offers 51,400 square feet on a 189,834 square foot lot. The property, built in 1983, boasts a strong tenant lineup anchored by Dollar Tree, featuring a diverse mix of retail, food, service, and medical businesses, making it highly resistant to online competition. Its prime location at the signalized intersection of W Bellfort Ave and S Gessner Rd provides incredible visibility and accessibility, with exposure to over 36,000 vehicles daily and multiple ingress/egress points. The center benefits from a robust trade area with excellent demographics, including a population exceeding 449,300 and over 177,000 housing units within a 5-mile radius. The asking price is $11,300,000, representing a compelling 6.50% capitalization rate. This is a NNN lease with fifteen tenants. The property presents a rare opportunity to acquire a well-established, high-performing retail center in a thriving Houston market.

    Property Features for 8705 Bellfort Ave

    General Information

    Property type
    Retail properties
    Square Feet
    51,400 SF

    Building Details

    Year Built
    1983

    HighLights

    • Dollar Tree‑anchored center with a strong mix of internet‑resistant tenants offering retail, food, service, and medical uses.
    • High visibility on W Bellfort Ave and S Gessner Rd, with over 36,000 cars per day and excellent access via five ingress/egress points.
    • Located at the signalized intersection of W Bellfort Ave and S Gessner Rd.
    • Strong demographics within a 5‑mile radius: over 449,300 residents, 305,900 daytime population, and 177,000+ housing units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5459787
    Latitude
    29.6558257

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    FAQs

    What type of property is this?
    Retail property - Houston Retail Center, 15 Tenants, 6.5% Cap Rate
    Where is this retail property located?
    The property is located at 8705 Bellfort Ave Houston, TX.
    What is the asking price?
    The asking price for this property is $11,300,000.
    What are key features of this property?
    This property features: Dollar Tree-anchored center with a strong mix of internet-resistant tenants offering retail, food, service, and medical uses.; High visibility on W Bellfort Ave and S Gessner Rd, with over 36,000 cars per day and excellent access via five ingress/egress points.; Located at the signalized intersection of W Bellfort Ave and S Gessner Rd.
    (713) 324-8954
    Request Owner's contact information
    8705 Bellfort Ave Houston, TX 77031
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    Houston, TX 77031
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8705 Bellfort Ave Houston, TX 77031
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