American First National Bank Office
For Sale
Contact for pricing
9999 Bellaire Boulevard, Houston, TX 77036
Office building anchored by American First National Bank with easy access to Hwy 59/69, I-10, Beltway 8, and Westpark Toll Rd.
Property Size4,429 SF
Price / SF$375
Days on Market337
Property Features for 9999 Bellaire Boulevard
General Information
Standard status
Active
Size
4,429 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Danny Nguyen Commercial
(713) 270-5400
Listed By:
Danny Nguyen, CCIM
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Sep 8
Last Checked: Sep 13 at 5:23AM
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 Danny Nguyen Commercial
Investment Insights
Based on property information with market context.
American First National Bank Office Building offers approximately 4,429 square feet of commercial space. The property is anchored by American First National Bank and is set up for tenants who value straightforward highway connectivity.
The building provides great accessibility to major Houston routes, including Hwy 59/69, I-10, Beltway 8, and the Westpark Toll Rd. It is approximately 3 miles to I-59/69, helping support convenient commuting and customer access across key destinations in the Houston area.
The building provides great accessibility to major Houston routes, including Hwy 59/69, I-10, Beltway 8, and the Westpark Toll Rd. It is approximately 3 miles to I-59/69, helping support convenient commuting and customer access across key destinations in the Houston area.
Key Highlights
- Anchored by American First National Bank
- Approximately 4,429 SF office building
- Approximately 3 miles to I‑59/69
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
$68,162
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
4.10%
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%
$1,363,240
$1.4M
Cap Rate 7%
$973,743
$973.7K
Cap Rate 9%
$757,356
$757.4K
Market Conditions
NOI Build-Up for 4,429 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
$95.7K $21.60/SF
− Vacancy
−$4.8K −$1.08/SF
EGI
$90.9K $20.52/SF
− OpEx
−$22.7K −$5.13/SF
NOI
$68.2K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,363,240
Cap Rate 7%
$973,743
Cap Rate 9%
$757,356
Alternative Uses
Best Use
Specialty Retail
$973.7K
$852.0K – $1.14M
NOI $68,162 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$857.9K
$750.7K – $1.00M
NOI $60,056 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.14M
$996.5K – $1.33M
NOI $79,722 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,859
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
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Frequently Asked Questions
What type of property is this?
Office building - Office building anchored by American First National Bank with easy access to Hwy 59/69, I-10, Beltway 8, and Westpark Toll Rd.
Where is this office building located?
The property is located at 9999 Bellaire Boulevard Houston, TX.
What is the asking price?
The asking price for this property is $1,660,875.
What are key features of this property?
This property features: Anchored by American First National Bank; Approximately 4,429 SF office building; Approximately 3 miles to I‑59/69
