Technical
Financial
Distress signals
Property profile

12000 Bellaire Blvd Houston, TX 77072

OFF-MARKET
Strip malls
Property ID
US82-0237524
33,678 SF 2 ac lot Built 2004
Individually Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction STEEL FRAME
Total area 33,678 SF
Lot 2 ac (87,120 SF)
APN 1152690000003
UPID US82-0237524

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Restaurant
  • Alternative Medicine Practice Spa & Massage Center
  • Spa & Massage Center
  • Cafe & Coffee Shop

Location

12000 Bellaire Blvd Houston, TX 77072-2570
Houston metro Census 452501 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
$760k
Blend (final) Blend
$790k

Owner & transaction history

since 2014
4 recorded transactions
2014
Price N/A
2010
$3.3M
2006
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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