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Property profile & analytics
FOR SALE
Retail space

909 Franklin St Houston, TX 77002

3,865 SF
Property ID
US82-Q082765
Property summary
AI-generated overview

The subject property is a 3,865 square foot retail condominium located in Downtown Houston. It is part of the Bayou Lofts Condominium building at the corner of Franklin Street and Main Street. The building was built between 1910 and 1920 as an office building and was converted to condominiums in 1997. La Calle is an Authentic Mexican Street Taco restaurant focused on bringing the experience of Mexico City to its customers. The tenant opened its first location in the subject property and extended into the adjacent space. The concept has done well and the owner has opened two other locations. Being located in Downtown draws many traffic drivers for the tenant. Many large office buildings provide high daytime populations of over 184,600 within one mile. The property is on the Metro rail line providing ground transportation to many different locations. The Harris County courthouses are only two blocks away and at night Daiken Park, Toyota Center and BBVA Stadium create nighttime traffic for Downtown. Average household incomes within one mile are over $106,000 which is well above the national average.

Property profile
Verified
Property type Retail space
Total area 3,865 SF
UPID US82-Q082765
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • La Calle Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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