Freestanding Drive-Through
For Sale
Contact for pricing
4317 Lockwood Drive, Houston, TX 77026
Second-generation restaurant property positioned in Houston, Texas.
Property Size3,439 SF
Price / SF$407.10
Days on Market49
Property Features for 4317 Lockwood Drive
General Information
Standard status
Active
Size
3,439 SF
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
Sluco Realty Services
Listed By:
Greg Slusky · License #520701
Source:
Crexi
Added: Sep 1
Changed: Oct 11
Last Checked: Oct 16 at 7:32AM
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 Sluco Realty Services
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Investment Insights
Based on property information with market context.
This freestanding second-generation restaurant property contains 3,439 square feet of building area. The asset is located at 4317 Lockwood Drive in Houston, Texas 77026, providing a defined commercial address for restaurant operations.
Key Highlights
- Freestanding second‑generation restaurant property
- 3,439 square feet of building area
- Located at 4317 Lockwood Drive, Houston, TX 77026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,926
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,520
$1.1M
Cap Rate 7%
$756,086
$756.1K
Cap Rate 9%
$588,067
$588.1K
Market Conditions
NOI Build-Up for 3,439 SF
Gross rent
$74.3K $21.60/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$70.6K $20.52/SF
− OpEx
−$17.6K −$5.13/SF
NOI
$52.9K $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 Rate 5%
$1,058,520
Cap Rate 7%
$756,086
Cap Rate 9%
$588,067
Alternative Uses
Best Use
Specialty Retail
$756.1K
$661.6K – $882.1K
NOI $52,926 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$884.3K
$773.8K – $1.03M
NOI $61,902 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 77026, TX
23,405
Population
9,580
Households
2.4
Avg Household Size
36
Median Age
9%
College-Educated
70%
High-School Grad
6.6 sq mi
ZIP Area
3,546
Density / Sq Mi
$34,835
Median Household Income
$29,339
Median Earnings
$962
Median Rent
$104,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Second-generation restaurant property positioned in Houston, Texas.
Where is this drive through restaurant located?
The property is located at 4317 Lockwood Drive Houston, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Freestanding second‑generation restaurant property; 3,439 square feet of building area; Located at 4317 Lockwood Drive, Houston, TX 77026
