Freestanding Nightclub with Full
For Sale
$2,090,000
17886 Highway 3, Webster, TX 77598
Fully operational nightclub with a full kitchen, three working bars, and indoor/outdoor covered seating for late-night service.
Property Size6,047 SF
Price / SF$261.25
Days on Market48
Property Features for 17886 Highway 3
General Information
Standard status
Active
Size
6,047 SF
Property subtype
Retail
Site & Location
Traffic Count
70,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
6,047 SF
Year Built
1979
Listing Agency:
eXp Commercial
(763) 498-1941
Listed By:
Jason Suchecki · License #TX #747765
(763) 498-1941
Source:
7s
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 11 at 6:17AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This fully operational nightclub is built for high-energy nightlife and food service, with a dancefloor, restrooms, and a full kitchen. The bar program includes three full working bars, including one covered bar area outside. Covered outdoor seating and bar space is included alongside indoor operations, totaling over 8,000 square feet of entertainment and service space.
The property is located at one of the busiest intersections in Webster, on Highway 3 and Nasa Rd. The provided traffic reference is over 70,000 cars per day for the intersection, supporting strong visibility for a nightclub, restaurant, or sports bar concept. In addition to the main venue, there is an adjacent 3/4-acre site across the property that is used as overflow parking and is leased to a food truck. That adjacent land is also offered for sale.
For operators, the mix of indoor and covered outdoor bar and seating areas, along with a three-bar setup and full kitchen, supports multiple entertainment formats ranging from nightclub service to sports bar or restaurant use. The combined overflow parking arrangement is presented as offering a total of 150 parking spaces when considering the adjacent site.
The property is located at one of the busiest intersections in Webster, on Highway 3 and Nasa Rd. The provided traffic reference is over 70,000 cars per day for the intersection, supporting strong visibility for a nightclub, restaurant, or sports bar concept. In addition to the main venue, there is an adjacent 3/4-acre site across the property that is used as overflow parking and is leased to a food truck. That adjacent land is also offered for sale.
For operators, the mix of indoor and covered outdoor bar and seating areas, along with a three-bar setup and full kitchen, supports multiple entertainment formats ranging from nightclub service to sports bar or restaurant use. The combined overflow parking arrangement is presented as offering a total of 150 parking spaces when considering the adjacent site.
Key Highlights
- Fully operational nightclub with a full kitchen, dancefloor, and restrooms
- 3 full working bars, including one covered outside, plus full bar setup
- Over 8,000 SF total, including 2,000 SF indoor/outdoor covered seating and bar area
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
$116,102
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
5.56%
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%
$2,322,040
$2.3M
Cap Rate 7%
$1,658,600
$1.7M
Cap Rate 9%
$1,290,022
$1.3M
Market Conditions
NOI Build-Up for 8,000 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
$164.2K $20.52/SF
− Vacancy
−$9.4K −$1.17/SF
EGI
$154.8K $19.35/SF
− OpEx
−$38.7K −$4.84/SF
NOI
$116.1K $14.51/SF
Area
Harris County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$2,322,040
Cap Rate 7%
$1,658,600
Cap Rate 9%
$1,290,022
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,102 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,909 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
70,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,816
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77598, TX
25,620
Population
13,337
Households
1.9
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,100
Density / Sq Mi
$59,758
Median Household Income
$45,190
Median Earnings
$1,279
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Night club - Fully operational nightclub with a full kitchen, three working bars, and indoor/outdoor covered seating for late-night service.
Where is this night club located?
The property is located at 17886 Highway 3 Webster, TX.
What is the asking price?
The asking price for this property is $2,090,000.
What are key features of this property?
This property features: Fully operational nightclub with a full kitchen, dancefloor, and restrooms; 3 full working bars, including one covered outside, plus full bar setup; Over 8,000 SF total, including 2,000 SF indoor/outdoor covered seating and bar area
