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Bellaire & Kirkwood Building 11814 Bellaire Blvd 27,354 SF 100% Leased Retail Building Houston, TX 77072 $8,610,000 CAD ($314.76 CAD/SF) 9% Cap Rate



Investment Highlights
- Excellent Traffic Count
- Surrounded by well-established Asian Supermarket, popular restaurants, retail shops
Executive Summary
Exceptional shopping center investment opportunity. This well-positioned center offers approximately 27,000 square feet of building space. Situated on 2.241 acres, the property is ideally located at the corner of Kirkwood Road and Bellaire Boulevard in the heart of Houston’s thriving Asian commercial district. Surrounded by popular Asian supermarkets, restaurants, retail shops, and established businesses, strong traffic counts, and a loyal customer base. The center includes a 3,000 square foot Bank of America branch. The remaining approx- 24,000 square feet is currently owner-occupied (Direct Furniture), making it an outstanding opportunity for an owner-user or investor. The owner-occupied space features three truck loading docks, high ceilings, a functional open layout, and ample parking, making it ideal for a warehouse, distribution center, showroom, wholesale operation, light industrial use, or other commercial businesses.
This is a rare opportunity to acquire a landmark commercial property in one of Houston’s most established and sought-after retail corridors, offering excellent potential for both business operations and long-term investment appreciation.
This is a rare opportunity to acquire a landmark commercial property in one of Houston’s most established and sought-after retail corridors, offering excellent potential for both business operations and long-term investment appreciation.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$909,216
|
$33.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$909,216
|
$33.24
|
| Taxes |
$93,677
|
$3.42
|
| Operating Expenses |
$42,706
|
$1.56
|
| Total Expenses |
$136,382
|
$4.99
|
| Net Operating Income |
$772,834
|
$28.25
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $909,216 |
| Annual Per SF | $33.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $909,216 |
| Annual Per SF | $33.24 |
| Taxes (CAD) | |
|---|---|
| Annual | $93,677 |
| Annual Per SF | $3.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,706 |
| Annual Per SF | $1.56 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $136,382 |
| Annual Per SF | $4.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $772,834 |
| Annual Per SF | $28.25 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
27,354 SF
Building Class
C
Year Built
1985
Price
$8,610,000 CAD
Price Per SF
$314.76 CAD
Cap Rate
9%
NOI
$774,900 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
2.24 AC
Zoning
City of Houston - No traditional zoning, subject to city regulations and deed restrictions
Frontage
Amenities
- 24 Hour Access
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bank Of America
- Finance and Insurance
- 3,000 SF
- $3.17 CAD
- Modified Gross
- Sep 2028
- Direct Furniture
- Arts, Entertainment, and Recreation
- 24,000 SF
- $2.76 CAD
- Modified Gross
- Mar 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bank Of America | Finance and Insurance | 3,000 SF | $3.17 CAD | Modified Gross | Sep 2028 | |
| Direct Furniture | Arts, Entertainment, and Recreation | 24,000 SF | $2.76 CAD | Modified Gross | Mar 2027 |
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0111370000206 | Total Assessment | $4,214,740 CAD (2025) |
| Land Assessment | $1,347,490 CAD (2025) | Annual Taxes | $93,677 CAD ($3.42 CAD/SF) |
| Improvements Assessment | $2,867,251 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0111370000206
Land Assessment
$1,347,490 CAD (2025)
Improvements Assessment
$2,867,251 CAD (2025)
Total Assessment
$4,214,740 CAD (2025)
Annual Taxes
$93,677 CAD ($3.42 CAD/SF)
Tax Year
2026
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Presented by
The Nguyens & Associates
Bellaire & Kirkwood Building | 11814 Bellaire Blvd
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