Freestanding Restaurant
1440 Louetta Rd Spring, TX 77388
For Sale
Contact for pricing
Freestanding 7,684-square-foot restaurant building with road frontage and generous parking along Louetta Road.
Property Size7,684 SF
Price / SF$298.67
Days on Market161
Property Features for 1440 Louetta Rd
General Information
- Standard status
- Active
- Size
- 7,684 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing Agency:
Marcus & Millichap - Houston
Listed By:
Gus Lagos · License #TX 419197
Source:
Crexi
Added: Feb 13
Changed: Jul 22
Last Checked: Jul 22 at 12:30AM
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 Marcus & Millichap - Houston
Investment Insights
Based on property information with market context.
Marcus & Millichap exclusively offers a freestanding restaurant building for sale or lease. The property is a former Razzoo’s and contains an established restaurant layout within a 7,684-square-foot building.
The building is positioned along Louetta Road in Spring, Texas, with frontage on one of the area’s active commercial corridors. The site also offers generous parking and convenient access for both local residents and commuters.
This freestanding configuration provides a substantial interior footprint designed for restaurant operations, offering a practical starting point for a new concept while supporting efficient customer access on-site.
The building is positioned along Louetta Road in Spring, Texas, with frontage on one of the area’s active commercial corridors. The site also offers generous parking and convenient access for both local residents and commuters.
This freestanding configuration provides a substantial interior footprint designed for restaurant operations, offering a practical starting point for a new concept while supporting efficient customer access on-site.
Key Highlights
- Freestanding restaurant building (former Razzoo’s) built in 2010
- 7,684‑SF restaurant building with established interior layout
- Located at 1440 Louetta Road along a high‑traffic commercial corridor
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.8k | $24.96 |
| − Vacancy | −$10.7k | −$1.40 |
| EGI | $181.1k | $23.56 |
| − OpEx | −$45.3k | −$5.89 |
| NOI | $135.8k | $17.67 |
7,684 SF · lease $24.96/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,789 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Razzoo's Cajun Cafe
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Freestanding 7,684-square-foot restaurant building with road frontage and generous parking along Louetta Road.
Where is this conventional restaurant located?
The property is located at 1440 Louetta Rd Spring, TX.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Freestanding restaurant building (former Razzoo’s) built in 2010; 7,684‑SF restaurant building with established interior layout; Located at 1440 Louetta Road along a high‑traffic commercial corridor
