Retail Storefront on Busy
For Sale
Contact for pricing
9889 Bellaire Blvd, Houston, TX 77036
Retail property along Bellaire Boulevard in Houston with strong visibility and convenient access to major highways.
Property Size3,697 SF
Price / SF$311.06
Days on Market56
Property Features for 9889 Bellaire Blvd
General Information
Standard status
Active
Size
3,697 SF
Property subtype
RETAIL
Listing Agency:
Keller Williams Realty Northeast
(281) 358-4545
Listed By:
Michael O'Neal · License #0624124
(832) 797-3780
Source:
Moodyscre
Added: Jul 21
Changed: Sep 3
Last Checked: Sep 13 at 7:23AM
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 Northeast
Investment Insights
Based on property information with market context.
This retail storefront property offers a commercially viable configuration for a range of retail-oriented uses. The asset is positioned for strong exposure along the Bellaire Boulevard corridor and benefits from access designed to serve both vehicle and foot traffic.
Located at 9889 Bellaire Blvd in Houston, the property sits among a mix of retail, dining, and service-oriented businesses. Public remarks note convenient connectivity to major highways and steady activity from a dense, diverse customer base. An open house is scheduled for Saturday from 1:00 PM to 4:00 PM.
Offered for sale, the property is presented as suitable for owner-users seeking a strategic retail address, as well as investors focused on long-term growth in an active business district.
Located at 9889 Bellaire Blvd in Houston, the property sits among a mix of retail, dining, and service-oriented businesses. Public remarks note convenient connectivity to major highways and steady activity from a dense, diverse customer base. An open house is scheduled for Saturday from 1:00 PM to 4:00 PM.
Offered for sale, the property is presented as suitable for owner-users seeking a strategic retail address, as well as investors focused on long-term growth in an active business district.
Key Highlights
- Commercial retail property along Bellaire Boulevard in Houston with strong visibility and convenient access.
- Located on a highly trafficked corridor with access to major highways.
- Surrounded by retail, dining, and service‑oriented businesses.
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
$50,130
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
4.36%
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%
$1,002,600
$1.0M
Cap Rate 7%
$716,143
$716.1K
Cap Rate 9%
$557,000
$557.0K
Market Conditions
NOI Build-Up for 3,697 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
$75.9K $20.52/SF
− Vacancy
−$4.2K −$1.15/SF
EGI
$71.6K $19.37/SF
− OpEx
−$21.5K −$5.81/SF
NOI
$50.1K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /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%
$1,002,600
Cap Rate 7%
$716,143
Cap Rate 9%
$557,000
Alternative Uses
Best Use
Retail
$716.1K
$626.6K – $835.5K
NOI $50,130 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.7K
$831.8K – $1.11M
NOI $66,546 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,891
Businesses Nearby
Explore this area
Business Placement
Demographics for 77036, TX
75,870
Population
30,508
Households
2.5
Avg Household Size
33
Median Age
14%
College-Educated
55%
High-School Grad
7.3 sq mi
ZIP Area
10,393
Density / Sq Mi
$43,853
Median Household Income
$27,812
Median Earnings
$995
Median Rent
$217,400
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 Retail in Houston, TX
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property along Bellaire Boulevard in Houston with strong visibility and convenient access to major highways.
Where is this retail space located?
The property is located at 9889 Bellaire Blvd Houston, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Commercial retail property along Bellaire Boulevard in Houston with strong visibility and convenient access.; Located on a highly trafficked corridor with access to major highways.; Surrounded by retail, dining, and service‑oriented businesses.
