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

    12000 Bellaire Blvd Houston, TX 77072-2570

    • Strip malls
    • 33,678 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0237524
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Michael Tran Agency / Insurance Agency
    • Four Seasons Lounge / Restaurant
    • Reflexology Wellness Center / Alternative Medicine Practice / Spa & Massage Center
    • Kings Spa - Massage / Spa & Massage Center
    • Jtea Bellaire / Cafe & Coffee Shop

    Property Details for 12000 Bellaire Blvd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    2.00 lot acres
    Property size
    33,678 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    1152690000003
    APU
    1152690000003

    Description

    This exceptional 2,652 square foot retail space is available for lease within the prestigious Palm Spring Square, a Class A neighborhood center in Houston's Sugar Land submarket. Built in 2005, this single-story building boasts a total of 29,886 square feet and is located at 12000 Bellaire Blvd, Houston, TX 77072, in Harris County. The space is a second-generation retail unit, offering a versatile layout ready for immediate occupancy. Its prime location within a thriving Houston neighborhood provides excellent visibility and accessibility. Nearby attractions include the Westchase District, Houston Galleria, and Memorial Park, offering employees and customers a variety of amenities. The property benefits from convenient access to major highways, ensuring easy commutes and convenient delivery access. This space presents a unique opportunity for businesses seeking a dynamic and well-located retail presence in a vibrant Houston community. The adaptable layout allows for customization to suit a wide range of retail concepts, promising a dynamic environment for growth and success. This is a chance to establish a strong foothold in a high-traffic area with significant potential for customer engagement.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $820,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $760,000
      Market price range: $573k - $1.23M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $890,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5905
    Latitude
    29.7042
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $37,354
    $1,089,000
    $2,038,114
    $3,127,114
    -
    $1,089,000
    $2,038,114
    $3,127,114

    Comparable in this City

    • Value Estimation
      $520,000
      18,944 SF

      6920 Cook Rd

      SHOPPING CENTER, STRIP CENTER • 18,944 SF
      6920 Cook Rd, Houston, TX 77072-2241
      View Details
    • Value Estimation
      $805,000
      34,236 SF

      10515 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 34,236 SF
      10515 Bellaire Blvd, Houston, TX 77072-5234
      View Details
    • Value Estimation
      $1,295,000
      83,751 SF

      11210 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 83,751 SF
      11210 Bellaire Blvd, Houston, TX 77072-2527
      View Details
    • Value Estimation
      $2,105,000
      196,259 SF

      8338 Sam Houston S Pkwy

      SHOPPING CENTER, STRIP CENTER • 196,259 SF
      8338 Sam Houston S Pkwy, Houston, TX 77072-5088
      View Details
    • Value Estimation
      $1,610,000
      132,334 SF

      8300 Sam Houston S Pkwy

      SHOPPING CENTER, STRIP CENTER • 132,334 SF
      8300 Sam Houston S Pkwy, Houston, TX 77072-5045
      View Details
    • Value Estimation
      $665,000
      17,348 SF

      11415 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 17,348 SF
      11415 Bellaire Blvd, Houston, TX 77072-2572
      View Details

    Similar Nearby for Sale

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      Horizon Plaza Retail Investment Opportunity

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    • $980,000

      Fully Leased Mixed-Use Building

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    Similar Nearby for Lease

    • $15 SF/Yr
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      Beechnut Retail Center Investment

      Houston Retail Space Available Now
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    • $24 SF/Yr
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      Retail Space Near HEB Center

      Retail space with high visibility near a busy HEB.
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      View Details
    • Contact for pricing

      Retail Space in New Construction

      Retail space for lease in new construction, Westchase submarket.
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      View Details
    • $27 SF/Yr
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      Beechnut Street Retail Space

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    • Contact for pricing
      365,218 SF

      11205 Bellaire Blvd

      Restaurants • 365,218 SF
      11205 Bellaire Blvd, Houston, TX 77072
      View Details
    • Contact for pricing
      4,306 SF

      HEB Anchored Retail Space in Houston

      High-traffic retail spaces available near Beltway 8.
      10100 Beechnut St, Houston, TX 77072
      View Details
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    Houston, TX 77072-2570
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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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