New Construction
For Sale
$699,900
9807 Bamboo Road, Houston, TX 77041
Two-story units feature open layouts, upgraded kitchens, and private covered patios.
Property Size3,996 SF
Days on Market29
Property Features for 9807 Bamboo Road
General Information
Standard status
Active
Size
3,996 SF
Property subtype
Multi Family,Duplex
Additional Details
Asking Price
$699,900
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,713
Amenities
private backyard
covered patio space
Building Details
Building Size
3,996 SF
Year Built
2025
Buildings
1
Listing Agency:
Keller Williams Memorial
(832) 922-0607
Listed By:
Rosa Contreras · License #625492
(832) 922-0607
Source:
Nancyalmodovar
Added: Jul 15
Changed: Aug 12
Last Checked: Aug 12 at 5:52AM
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 Memorial
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two thoughtfully finished residences with open-concept interiors. Both units offer wood-look tile flooring, recessed lighting, abundant natural light, and a connected living and dining arrangement. Kitchens include white cabinetry, subway tile backsplashes, quartz countertops, and islands with bar seating.
Bedrooms are positioned upstairs with generous closet space, while the bathrooms feature contemporary finishes. Each residence also includes a private backyard with covered patio space, creating an additional outdoor area for everyday use. The property is located at 9807 Bamboo Road in Houston, Texas.
Bedrooms are positioned upstairs with generous closet space, while the bathrooms feature contemporary finishes. Each residence also includes a private backyard with covered patio space, creating an additional outdoor area for everyday use. The property is located at 9807 Bamboo Road in Houston, Texas.
Key Highlights
- New construction completed in 2025
- Two‑unit duplex with open‑concept floor plans
- Kitchens feature quartz countertops, subway tile backsplashes, and islands with bar seating
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,338
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,046,760
$1.0M
Cap Rate 7%
$747,686
$747.7K
Cap Rate 9%
$581,533
$581.5K
Market Conditions
NOI Build-Up for 3,996 SF
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.
Gross rent
$79.1K $19.80/SF
− Vacancy
−$4.4K −$1.09/SF
EGI
$74.8K $18.71/SF
− OpEx
−$22.4K −$5.61/SF
NOI
$52.3K $13.10/SF
Area
Houston, TX
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,046,760
Cap Rate 7%
$747,686
Cap Rate 9%
$581,533
Alternative Uses
Best Use
Multifamily LT 5
$747.7K
$654.2K – $872.3K
NOI $52,338 @ 7.0% cap · market cap 7.48%
Second Best
Apartment 5plus
$646.7K
$565.9K – $754.5K
NOI $45,271 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.03M
$899.1K – $1.20M
NOI $71,928 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
Explore this area
Business Placement
Demographics for 77041, TX
35,958
Population
11,877
Households
3
Avg Household Size
38
Median Age
38%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,903
Density / Sq Mi
$79,164
Median Household Income
$40,991
Median Earnings
$1,638
Median Rent
$269,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-story units feature open layouts, upgraded kitchens, and private covered patios.
Where is this duplex located?
The property is located at 9807 Bamboo Road Houston, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: New construction completed in 2025; Two‑unit duplex with open‑concept floor plans; Kitchens feature quartz countertops, subway tile backsplashes, and islands with bar seating
