Restaurant Building with
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For Sale
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4611 FM 1960 RD E HUMBLE TX 77346-2515, Humble, TX 77346
Existing restaurant improvements feature kitchen infrastructure, dining areas, and paved parking for ongoing commercial use.
Property Size2,316 SF
Price / SF$254.32
Days on Market6
Property Features for 4611 FM 1960 RD E HUMBLE TX 77346-2515
General Information
Standard status
Active
Size
2,316 SF
Total Parking Spaces
22
Property subtype
Retail
Building Details
Year Built
2001
Tenancy
Single
Listing Agency:
Saga International Realty
Listed By:
Lyndon Yao · License #677937
Source:
Crexi
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 9 at 6:27AM
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 Saga International Realty
Investment Insights
Based on property information with market context.
This 2,316-square-foot restaurant property contains established dining and bar improvements supported by kitchen infrastructure. Paved parking serves the building, while exterior visibility is present along the FM 1960 corridor. Constructed in 2001, the property is occupied by a month-to-month tenant, providing an existing operating arrangement for a buyer to evaluate. The asset is located at 4611 FM 1960 Road E in Humble, Texas, within the stated 77346-2515 ZIP code.
Key Highlights
- 2,316‑square‑foot restaurant property with dining and bar improvements
- Kitchen infrastructure and paved parking included
- Built in 2001
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
$33,612
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
5.71%
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%
$672,240
$672.2K
Cap Rate 7%
$480,171
$480.2K
Cap Rate 9%
$373,467
$373.5K
Market Conditions
NOI Build-Up for 2,316 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
$47.5K $20.52/SF
− Vacancy
−$2.7K −$1.17/SF
EGI
$44.8K $19.35/SF
− OpEx
−$11.2K −$4.84/SF
NOI
$33.6K $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%
$672,240
Cap Rate 7%
$480,171
Cap Rate 9%
$373,467
Alternative Uses
Best Use
Specialty Retail
$480.2K
$420.2K – $560.2K
NOI $33,612 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.4K
$553.3K – $737.8K
NOI $44,267 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 70%
Dining 8%
Hotels & Casinos 8%
Shops & Services 8%
La Michoacana Meat Market
Groceries
13,490 visits/mo
0.5 miles
SUBWAY
Dining
1,558 visits/mo
0.5 miles
Hampton Inn and Suites - Houston / Atascosita
Hotels & Casinos
1,542 visits/mo
0.4 miles
Hair Masters
Beauty & Spa
1,093 visits/mo
0.5 miles
Watermill Express
Shops & Services
927 visits/mo
0.4 miles
Demographics for 77346, TX
71,119
Population
26,650
Households
2.7
Avg Household Size
35
Median Age
42%
College-Educated
94%
High-School Grad
17.9 sq mi
ZIP Area
3,973
Density / Sq Mi
$116,658
Median Household Income
$61,767
Median Earnings
$1,770
Median Rent
$291,200
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant improvements feature kitchen infrastructure, dining areas, and paved parking for ongoing commercial use.
Where is this conventional restaurant located?
The property is located at 4611 FM 1960 RD E HUMBLE TX 77346-2515 Humble, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 2,316‑square‑foot restaurant property with dining and bar improvements; Kitchen infrastructure and paved parking included; Built in 2001
