Built-Out Bar and Event
For Sale
Contact for pricing
6919 Lyons Avenue, Houston, TX 77020
Open-concept commercial venue with flexible space for bar service, private gatherings, receptions, and live entertainment.
Property Size2,952 SF
Price / SF$169.38
Days on Market9
Property Features for 6919 Lyons Avenue
General Information
Standard status
Active
Size
2,952 SF
Property subtype
Retail, Hospitality, Special Purpose
Building Details
Year Built
1950
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
The Guess Group, Inc
Listed By:
Polee Love · License #TX 0545339
Source:
Crexi
Added: Aug 11
Changed: Aug 15
Last Checked: Aug 18 at 8:36AM
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 The Guess Group, Inc
Investment Insights
Based on property information with market context.
This 2,952-square-foot commercial property was built in 1950 and configured as a bar and entertainment venue. Its open-concept interior supports a range of hospitality and event functions, including bar service, private parties, receptions, corporate functions, live entertainment, and special events.
The adaptable layout can accommodate a cocktail lounge, private-event venue, bar, or broader entertainment use. The existing build-out provides a dedicated setting for operators seeking a ready-configured hospitality property, while the venue format also supports varied event programming.
The adaptable layout can accommodate a cocktail lounge, private-event venue, bar, or broader entertainment use. The existing build-out provides a dedicated setting for operators seeking a ready-configured hospitality property, while the venue format also supports varied event programming.
Key Highlights
- 2,952‑square‑foot bar and entertainment venue
- Built in 1950
- Open‑concept interior layout
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
$45,431
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
9.09%
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%
$908,620
$908.6K
Cap Rate 7%
$649,014
$649.0K
Cap Rate 9%
$504,789
$504.8K
Market Conditions
NOI Build-Up for 2,952 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
$63.8K $21.60/SF
− Vacancy
−$3.2K −$1.08/SF
EGI
$60.6K $20.52/SF
− OpEx
−$15.1K −$5.13/SF
NOI
$45.4K $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 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%
$908,620
Cap Rate 7%
$649,014
Cap Rate 9%
$504,789
Alternative Uses
Best Use
Specialty Retail
$649.0K
$567.9K – $757.2K
NOI $45,431 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$759.1K
$664.2K – $885.6K
NOI $53,136 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hidden Gem — 5933 Lyons Ave A, Houston, TX 77020
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- Faded Daiquiri's — 1147 Lathrop St, Houston, TX 77020
- bar cuca — San Angelo St, Houston, TX 77020
Frequently Asked Questions
What type of property is this?
Bar & Pub - Open-concept commercial venue with flexible space for bar service, private gatherings, receptions, and live entertainment.
Where is this bar & pub located?
The property is located at 6919 Lyons Avenue Houston, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,952‑square‑foot bar and entertainment venue; Built in 1950; Open‑concept interior layout
