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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Bellaire Blvd. & Rice Ave Bellaire, TX 77401

    • Retail properties
    • 37,699 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Bellaire Blvd. & Rice Ave

    Property size
    37,699 SF
    Property type
    Retail properties

    Description

    This exceptional retail property, located at the intersection of Bellaire Boulevard and Rice Avenue in Bellaire, Texas (zip code 77401), offers a significant opportunity for businesses seeking high-visibility space within a thriving community. The center boasts a total building area of 37,699 square feet, situated on a lot of equal size. Currently, a substantial 34,076 square feet of retail space is available for lease, presenting a unique chance to establish or expand a business in this prime location. The property is classified as multi-tenant retail space within Harris County. Its strategic location within an affluent neighborhood ensures high foot traffic and exposure to a demographic characterized by high income levels and population density. The address is easily accessible and benefits from excellent visibility along Bellaire Boulevard and Rice Avenue. This presents a rare opportunity to secure a substantial retail footprint in a highly desirable area of Bellaire, Texas. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and success. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bellaire
    County
    Harris
    State
    Texas
    Longitude
    -95.4686
    Latitude
    29.706

    Comparable in this City

    • Value Estimation by Request
      70,000 SF

      5313-5407 Bellaire Blvd

      Lifestyle centers • 70,000 SF
      5313-5407 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • Value Estimation by Request
      11,088 SF

      6611 Rice Ave

      Office Properties & Spaces • 11,088 SF
      6611 Rice Ave, Bellaire, TX 77401
      View Details
    • Value Estimation by Request
      11,000 SF

      5002 Cedar St

      Retail properties • 11,000 SF
      5002 Cedar St, Bellaire, TX 77401
      View Details
    • Value Estimation
      $760,000
      263,865 SF

      5106 Bissonnet St

      GROCERY, SUPERMARKET • 263,865 SF
      5106 Bissonnet St, Bellaire, TX 77401-4007
      View Details
    • Value Estimation
      $605,000
      39,387 SF

      5407 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 39,387 SF
      5407 Bellaire Blvd, Bellaire, TX 77401-3905
      View Details
    • Value Estimation
      $355,000
      156,928 SF

      4747 Bellaire Blvd, Unit 539

      PARKING GARAGE, PARKING STRUCTURE • 156,928 SF
      4747 Bellaire Blvd, Bellaire, TX 77401-4527
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.77 Acres

      Bellaire Land: Prime Commercial Site

      0.77 Acres, High Visibility, Excellent Location
      5910 Loop Fwy, Bellaire, TX 77401
      View Details
    • $525,000

      Prime Corner Lot in Bellaire

      Oversized corner lot in the heart of Bellaire.
      5100 Aspen St, Bellaire, TX 77401
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    • $450,000

      Land For Sale Bellaire

      Land available for sale in Bellaire, Texas.
      4303 Holt St, Bellaire, TX 77401
      View Details
    • $440,000

      Cleared Bellaire Lot with Plans

      Build-ready lot with permitted plans for a 3,810SF home.
      4301 Jane St, Bellaire, TX 77401
      View Details
    • Contact for pricing
      2,100 SF

      Bellaire Office with Expansion Potential

      Professional office in Bellaire with large yard and recent renovation.
      5008 Locust St, Bellaire, TX 77401
      View Details
    • $399,000

      Bellaire Boulevard Retail Opportunity

      Retail property for sale on Bellaire Boulevard.
      4560 Bellaire Blvd, Bellaire, TX 77401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,699 SF

      Bellaire Blvd Retail Center

      High-traffic retail space available in Bellaire, TX
      0 Bellaire Blvd. & Rice Ave, Bellaire, TX 77401
      View Details
    • Contact for pricing
      70,000 SF

      Bellaire Blvd Retail Center

      Prime Bellaire location, 8 suites available.
      5313-5407 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • $24 SF/Yr
      2,936 SF

      Bellaire Plaza

      Lifestyle centers • 2,936 SF
      5410 Bellaire Blvd, Bellaire, TX 77401
      View Details
    • $30 SF/Yr
      610 SF

      Retail Space on Bissonnet Street

      Retail space available for lease in Bellaire, Texas.
      5301-5317 Bissonnet St, Bellaire, TX 77401
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Bellaire H-E-B

      Retail building adjacent to Bellaire Triangle H-E-B.
      5201 Spruce St, Bellaire, TX 77401
      View Details
    • $2,849,000
      2,100 SF

      Bellaire Flex Space Available

      2,100 SF flex space with private entrance in Bellaire.
      5455 Dashwood St, Bellaire, TX 77401
      View Details
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    Bellaire, TX 77401
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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