Restaurant Opportunity in South
For Sale
Contact for pricing
11950 Kurland Dr, Houston, TX 77034
Former Fuddruckers restaurant space available for sale in Houston.
Property Size7,543 SF
Price / SF$192.23
Days on Market289
Property Features for 11950 Kurland Dr
General Information
Standard status
Active
Size
7,543 SF
Property subtype
Office, Retail, Special Purpose
Building Details
Buildings
1
Stories
1
Listing Agency:
Anne Vickery Real Estate
(281) 732-4071
Listed By:
Anne Vickery · License #TX / 9005105
Source:
Crexi
Added: Nov 14, 2025
Changed: Aug 8
Last Checked: Aug 28 at 11:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Anne Vickery Real Estate
Investment Insights
Based on property information with market context.
This 7,543 square-foot property presents a restaurant opportunity in a high-visibility South Houston location. Formerly operated as Fuddruckers, the fully built-out restaurant space offers existing kitchen improvements, dining areas, and ample parking. It is suitable for restaurant, café, brewery, or entertainment uses. The property is located just off the Gulf Freeway (I-45) and minutes from Beltway 8 and Hobby Airport. The site benefits from strong traffic counts, dense surrounding rooftops, and a daytime population driven by nearby corporate campuses, medical facilities, and retail centers. This location is in an active commercial area.
Key Highlights
- Fully built‑out restaurant space with existing kitchen improvements and dining areas offers a cost‑effective and rapid opening.
- Prime, high‑visibility location in South Houston with strong traffic counts and dense surrounding rooftops.
- Excellent regional accessibility: Situated just off Gulf Freeway (I‑45), minutes from Beltway 8 and Hobby Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$116,087
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,321,740
$2.3M
Cap Rate 7%
$1,658,386
$1.7M
Cap Rate 9%
$1,289,856
$1.3M
Market Conditions
NOI Build-Up for 7,543 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$162.9K $21.60/SF
− Vacancy
−$8.1K −$1.08/SF
EGI
$154.8K $20.52/SF
− OpEx
−$38.7K −$5.13/SF
NOI
$116.1K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,321,740
Cap Rate 7%
$1,658,386
Cap Rate 9%
$1,289,856
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $116,087 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,774 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
5k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Home Improvements & Furnishings 9%
Valero Energy
Shops & Services
4,798 visits/mo
0.3 miles
Daltile Sales Service Center
Home Improvements & Furnishings
474 visits/mo
0.5 miles
Demographics for 77034, TX
38,186
Population
14,188
Households
2.7
Avg Household Size
31
Median Age
13%
College-Educated
70%
High-School Grad
14.2 sq mi
ZIP Area
2,689
Density / Sq Mi
$59,516
Median Household Income
$35,127
Median Earnings
$1,178
Median Rent
$178,100
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kymz Kytchen — 11001 Fuqua St, Houston, TX 77089
- O'Neill's Catering — 11045 Fuqua St, Houston, TX 77089
- Luby's — 11595 Fuqua St, Houston, TX 77034
Frequently Asked Questions
What type of property is this?
Restaurant - Former Fuddruckers restaurant space available for sale in Houston.
Where is this restaurant located?
The property is located at 11950 Kurland Dr Houston, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Fully built‑out restaurant space with existing kitchen improvements and dining areas offers a cost‑effective and rapid opening.; Prime, high‑visibility location in South Houston with strong traffic counts and dense surrounding rooftops.; Excellent regional accessibility: Situated just off Gulf Freeway (I‑45), minutes from Beltway 8 and Hobby Airport.
