Funeral Home Property on Expansive
For Sale
Contact for pricing
8011 W Montgomery Rd, Houston, TX 77088
Prime Houston location with redevelopment potential on 65,815 sq.ft. lot.
Property Size6,039 SF
Lot Size1.51 Acres
Price / SF$239.77
Days on Market673
Property Features for 8011 W Montgomery Rd
General Information
Standard status
Active
Size
6,039 SF
Class
C
Lot size
1.51 Acres
Property subtype
Industrial, Land, Mixed Use, Multifamily, Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial Texas
(832) 613-7860
Listed By:
Manuel Chavez · License #TX 718357
Source:
Crexi
Added: Oct 7, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:13AM
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 KW Commercial Texas
Investment Insights
Based on property information with market context.
Located at 8011 W Montgomery Rd. in Houston, TX, this commercial property presents an exceptional opportunity. The property, situated on a 65,815 sq.ft. lot, currently houses a well-established funeral home. The existing infrastructure is suitable for continued use as a funeral home or redevelopment into another commercial or community-oriented venture. The property features a highly visible location on W Montgomery Rd. with significant road frontage, providing excellent traffic exposure. It includes a large on-site parking capacity, suitable for accommodating guests. The property is surrounded by growing neighborhoods, retail establishments, and business developments. The existing funeral home infrastructure has potential for renovation or repurposing. The property, with its expansive land and strategic location, offers a multitude of business or investment opportunities. The building size is 6,039 sqft.
Key Highlights
- Large 65,815 sq.ft. lot in a prime Houston location.
- Highly visible location on W Montgomery Rd. with significant road frontage.
- Large on‑site parking capacity.
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
$81,887
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
5.66%
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%
$1,637,740
$1.6M
Cap Rate 7%
$1,169,814
$1.2M
Cap Rate 9%
$909,856
$909.9K
Market Conditions
NOI Build-Up for 6,039 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
$123.9K $20.52/SF
− Vacancy
−$6.9K −$1.15/SF
EGI
$117.0K $19.37/SF
− OpEx
−$35.1K −$5.81/SF
NOI
$81.9K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$1,637,740
Cap Rate 7%
$1,169,814
Cap Rate 9%
$909,856
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.36M
NOI $81,887 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,702 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 77088, TX
54,320
Population
18,500
Households
2.9
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
11.1 sq mi
ZIP Area
4,894
Density / Sq Mi
$52,549
Median Household Income
$32,015
Median Earnings
$1,177
Median Rent
$173,900
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Prime Houston location with redevelopment potential on 65,815 sq.ft. lot.
Where is this church & religious facility located?
The property is located at 8011 W Montgomery Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,448,000.
What are key features of this property?
This property features: Large 65,815 sq.ft. lot in a prime Houston location.; Highly visible location on W Montgomery Rd. with significant road frontage.; Large on‑site parking capacity.
