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    Property profile & analytics

    9600 Bellaire Blvd Houston, TX 77036-4500

    • Strip malls
    • 157,735 SF
    • 5.34 lot acres
    OFF-MARKET
    Value Estimations
    $1,755,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4087568
    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

    • Fast Easy / Loan Service / Bank
    • Chinese Tourist Gift & Services / (Bike/Boat/Book/etc) Store
    • Christian Communication Inc / Charitable Organization / Social Service Agency
    • Dynasty Medical Center / Medical Clinic
    • Best Park Driving School / Ak Driving School / Training Center / Vocational School

    Property Details for 9600 Bellaire Blvd

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    5.34 lot acres
    Property size
    157,735 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1041540000001
    APU
    1041540000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5508
    Latitude
    29.706
    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
    $93,161
    $3,349,584
    $4,792,565
    $8,142,149
    -
    $3,349,584
    $4,792,565
    $8,142,149

    Comparable in this City

    • Value Estimation
      $630,000
      20,556 SF

      5705 Fondren Rd

      SHOPPING CENTER, STRIP CENTER • 20,556 SF
      5705 Fondren Rd, Houston, TX 77036-1842
      View Details
    • Value Estimation
      $525,000
      14,108 SF

      5950 Gessner Rd

      SHOPPING CENTER, STRIP CENTER • 14,108 SF
      5950 Gessner Rd, Houston, TX 77036-2674
      View Details
    • Value Estimation
      $1,360,000
      73,200 SF

      5901 Hillcroft St

      SHOPPING CENTER, STRIP CENTER • 73,200 SF
      5901 Hillcroft St, Houston, TX 77036-3329
      View Details
    • Value Estimation
      $980,000
      39,300 SF

      7501 Harwin Dr

      SHOPPING CENTER, STRIP CENTER • 39,300 SF
      7501 Harwin Dr, Houston, TX 77036-1921
      View Details
    • Value Estimation by Request
      5,040 SF

      7303 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 5,040 SF
      7303 Bellaire Blvd, Houston, TX 77036
      View Details
    • Value Estimation by Request
      16,768 SF

      9725 Bissonnet St

      SHOPPING CENTER, STRIP CENTER • 16,768 SF
      9725 Bissonnet St, Houston, TX 77036-8020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,579 SF

      Prime Retail Site on Highway

      2.3-acre site with redevelopment potential and high traffic.
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      8,000 SF

      Equipped Sign Shop For Sale

      Turn-key sign business with equipment and seller financing.
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      1,000 SF

      Retail Storefront on Harwin Drive

      Retail storefront offering unique items for collectors and gift seekers.
      9305 Harwin Dr, Houston, TX 77036
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    • Contact for pricing
      50,000 SF

      Retail Space on Harwin Drive

      20000 SF retail property available for lease.
      7958 Harwin Dr, Houston, TX 77036
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    • Contact for pricing

      Bellaire Boulevard Office Suites

      Income-producing office suites with excellent accessibility in Houston, TX.
      9999 Houston St, Houston, TX 77036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Afton Oaks Retail Center

      15,690 SF shopping center at Bellaire Blvd and Fondren Rd.
      7710 Bellaire Blvd, Houston, TX 77036
      View Details
    • $18 SF/Yr
      2,100 SF

      Bellaire Boulevard Retail/Office Space

      Professional office/medical spaces available in a busy neighborhood center.
      9440 Bellaire Blvd, Houston, TX 77036
      View Details
    • Contact for pricing

      Iconic Houston Chinatown Shopping Center

      Premier Asian destination with high-traffic anchors and lifestyle amenities.
      9100-9188 Bellaire Blvd, Houston, TX 77036
      View Details
    • Contact for pricing

      Retail/Office Space Available for Lease

      Retail and office spaces for lease in Houston, TX.
      7511 S Gessner Rd, Houston, TX 77036
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Bissonnet Street

      Retail property available for lease on Bissonnet Street.
      9671-9685 Bissonnet St, Houston, TX 77036
      View Details
    • Contact for pricing
      40,000 SF

      Warehouse/Showroom with Recent Renovations

      Two-story, 40,000 SF warehouse/showroom, renovated in 2024.
      5631 Braxton Dr, Houston, TX 77036
      View Details
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    9600 Bellaire Blvd
    Houston, TX 77036-4500
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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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