Bellaire Boulevard Office
For Sale
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9999 Bellaire Blvd - 900 906 908 909 Houston, Houston, TX 77036
Income-producing office suites with excellent accessibility in Houston, TX.
Property Size6,393 SF
Price / SF$406.69
Days on Market266
Property Features for 9999 Bellaire Blvd - 900 906 908 909 Houston
General Information
Standard status
Active
Size
6,393 SF
Property subtype
Office
Listing Agency:
DN Commercial
Listed By:
Danny Nguyen, CCIM · License #456765-b
Source:
Crexi
Added: Nov 19, 2025
Changed: Aug 8
Last Checked: Aug 9 at 6:50AM
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 DN Commercial
Investment Insights
Based on property information with market context.
This commercial real estate offering comprises multiple office suites totaling approximately 6,393 square feet. The suites include Suite 900 with approximately 2,034.89 square feet, Suite 906 with approximately 786.324 square feet, Suite 908 with approximately 1,439.06 square feet, and Suite 909 with approximately 2,132.70 square feet. The property is income-producing and anchored by American First National Bank. Located approximately 3 miles from I-59/69, the building offers great accessibility to Highway 59/69, I-10, Beltway 8, and Westpark Toll Road. This location provides convenient travel to Downtown Houston, the Texas Medical Center, The Galleria, and both of Houston’s major international airports, as well as other major destinations.
Key Highlights
- Great Accessibility to Hwy 59/69, I‑10, Beltway 8 and Westpark Toll Rd
- Income Producing
- Total Size: +/- 6,393 SF
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
$74,568
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
2.87%
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%
$1,491,360
$1.5M
Cap Rate 7%
$1,065,257
$1.1M
Cap Rate 9%
$828,533
$828.5K
Market Conditions
NOI Build-Up for 6,393 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
$138.1K $21.60/SF
− Vacancy
−$38.7K −$6.05/SF
EGI
$99.4K $15.55/SF
− OpEx
−$24.9K −$3.89/SF
NOI
$74.6K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
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%
$1,491,360
Cap Rate 7%
$1,065,257
Cap Rate 9%
$828,533
Alternative Uses
Best Use
Office B
$1.07M
$932.1K – $1.24M
NOI $74,568 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,074 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,402
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
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Income-producing office suites with excellent accessibility in Houston, TX.
Where is this office units located?
The property is located at 9999 Bellaire Blvd - 900 906 908 909 Houston Houston, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Great Accessibility to Hwy 59/69, I‑10, Beltway 8 and Westpark Toll Rd; Income Producing; Total Size: +/- 6,393 SF
