Established Restaurant in High-Traffic
22811 Morton Ranch Road Katy, TX 77449
For Sale
Contact for pricing
Pending
Profitable restaurant opportunity with high sales volume and low rent.
Property Size1,317 SF
Days on Market386
Property Features for 22811 Morton Ranch Road
General Information
- Standard status
- Pending
- Size
- 1,317 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 2024
Listing Agency:
Walzel Properties LLC
Listed By:
Rattanak Koy · License #0749180
Source:
Crexi
Added: Jul 7, 2025
Changed: Jul 10
Last Checked: Jul 25 at 2:45PM
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 Walzel Properties LLC
Investment Insights
Based on property information with market context.
This is an opportunity to own a Charleys Cheesesteaks and Wings restaurant. The property is situated in a high-traffic area, offering excellent visibility and customer flow. The location generates over $800,000 in annual sales. The monthly rent is $4,900. The restaurant is 1,317 square feet. The business is suited for an owner-operator or a multi-unit franchisee. The store is fully operational with trained staff and full franchise support, presenting a turnkey opportunity.
Key Highlights
- High annual sales ($800,000+)
- Low monthly rent ($4,900)
- Established Charleys Cheesesteaks and Wings franchise
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 | $27.0k | $20.52 |
| − Vacancy | −$1.5k | −$1.17 |
| EGI | $25.5k | $19.35 |
| − OpEx | −$6.4k | −$4.84 |
| NOI | $19.1k | $14.51 |
1,317 SF · lease $20.52/SF/yr · vacancy 5.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$273.0K
$238.9K – $318.6K
NOI $19,113 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.41M
$14.36M – $19.14M
NOI $1,148,462 @ 7.0% cap · market cap 208.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Charleys Cheesesteaks and Wings
Restaurant
Goodwill Houston Donation ...
Charitable Organization
Russo's New York ...
Take-out & Catering
Roof Repair Services
Roofing Company
Comet Cleaners
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Conventional restaurant - Profitable restaurant opportunity with high sales volume and low rent.
Where is this conventional restaurant located?
The property is located at 22811 Morton Ranch Road Katy, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High annual sales ($800,000+); Low monthly rent ($4,900); Established Charleys Cheesesteaks and Wings franchise
