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    9908 Beechnut St Houston, TX 77036-6410

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    9908 Beechnut St Houston, TX 77036-6410

    View on Map
    • Strip malls
    • 24,469 SF
    • 1.37 lot acres
    Off-Market
    Last Sale Jul 12, 2023
    Property ID
    US82-3466893
    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.
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Insurance Agency / Insurance Agency
    • FA Wireless / Computer & Electronic Repair / Tech Support Center
    • TIA-Texas Insurance Agency / Insurance Agency
    • Senor Instant Cash #03 / Check Cashing
    • Fonda Santa Rosa, Mexican cuisine. / Restaurant

    Property Details for 9908 Beechnut St

    Year built
    2006
    Construction
    STEEL FRAME
    Lot size
    1.37 lot acres
    Property size
    24,469 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1148950010002
    APU
    1148950010002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $730,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $588,000
      Market price range: $471k - $881k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $615,000
      Current use
      RETAIL STORES
      $945,000
      Change: +54% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $855,000
      Change: +39% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.5553
    Latitude
    29.6899
    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
    $29,847
    $895,155
    $1,659,102
    $2,554,257
    -
    $895,155
    $1,659,102
    $2,554,257

    Comparable in this City

    • Value Estimation
      $960,000
      35,022 SF

      7555 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 35,022 SF
      7555 Bellaire Blvd, Houston, TX 77036-5024
      View Details
    • Value Estimation
      $1,525,000
      45,624 SF

      8880 Bellaire Blvd

      SHOPPING CENTER, STRIP CENTER • 45,624 SF
      8880 Bellaire Blvd, Houston, TX 77036-4628
      View Details
    • Value Estimation
      $750,000
      23,788 SF

      6828 Ranchester Dr Ste A

      SHOPPING CENTER, STRIP CENTER • 23,788 SF
      6828 Ranchester Dr Ste A, Houston, TX 77036-4542
      View Details
    • Value Estimation
      $1,360,000
      37,828 SF

      8201 Gessner Rd

      SHOPPING CENTER, STRIP CENTER • 37,828 SF
      8201 Gessner Rd, Houston, TX 77036-7450
      View Details
    • Value Estimation
      $810,000
      28,885 SF

      6849 Gessner Rd

      SHOPPING CENTER, STRIP CENTER • 28,885 SF
      6849 Gessner Rd, Houston, TX 77036-4613
      View Details
    • Value Estimation
      $735,000
      23,747 SF

      6902 Harwin Dr

      SHOPPING CENTER, STRIP CENTER • 23,747 SF
      6902 Harwin Dr, Houston, TX 77036-2387
      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.
      9882 Southwest Fwy, Houston, TX 77036
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    • Contact for pricing
      8,000 SF

      Equipped Sign Shop For Sale

      Turn-key sign business with equipment and seller financing.
      7636 Clarewood Dr, Houston, TX 77036
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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
      View Details
    • Contact for pricing
      50,000 SF

      Retail Space on Harwin Drive

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

      Prime Land with High Visibility

      Land with high traffic, visibility, and development incentives.
      9700 Bissonnet St, Houston, TX 77036
      View Details
    • Contact for pricing
      113,851 SF

      Houston Office Building For Sale

      Office building with 113,851 square feet of space.
      7500 Bellaire Blvd, 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
    • 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
    • $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
      5,900 SF

      Retail Space on Bellaire Boulevard

      Retail space available for lease on Bellaire Boulevard.
      11900 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
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    9908 Beechnut St
    Houston, TX 77036-6410
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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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