Webster Nightclub with Outdoor
For Sale
Contact for pricing
Pending
17886 State Hwy 3, Webster, TX 77598
Fully operational nightclub with kitchen, bars, dancefloor, and outdoor seating.
Property Size6,047 SF
Lot Size0.75 Acres
Days on Market1773
Property Features for 17886 State Hwy 3
General Information
Standard status
Pending
Size
6,047 SF
Class
C
Lot size
0.75 Acres
Property subtype
Retail
Zoning
Commercial
Building Details
Year Built
1979
Units
1
Tenancy
Single
Listing Agency:
eXp Commercial
Listed By:
Jason Suchecki · License #TX 747765
(832) 956-0547
Source:
Crexi
Added: Oct 27, 2021
Changed: Aug 8
Last Checked: Jul 24 at 3:27PM
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 eXp Commercial
Investment Insights
Based on property information with market context.
This is a fully operational nightclub featuring a kitchen, three full working bars, a dancefloor, and restrooms. The property includes 2,000 square feet of covered outdoor seating and bar area, contributing to a total area of over 8,000 square feet. Situated at one of the busiest intersections in Webster, the location is suitable for a nightclub, restaurant, or sports bar. The property size is 6,047 square feet. Additionally, there is an adjacent 3/4 acre lot across from Henrietta, currently used as overflow parking and leased by a food truck, available for sale.
Key Highlights
- Fully operational nightclub with existing infrastructure including a kitchen, 3 bars, dancefloor, and restrooms.
- High‑traffic location at one of the busiest intersections in Webster.
- Large 2,000 sq ft outdoor covered seating/bar area.
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
$87,759
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
4.20%
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%
$1,755,180
$1.8M
Cap Rate 7%
$1,253,700
$1.3M
Cap Rate 9%
$975,100
$975.1K
Market Conditions
NOI Build-Up for 6,047 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
$124.1K $20.52/SF
− Vacancy
−$7.1K −$1.17/SF
EGI
$117.0K $19.35/SF
− OpEx
−$29.3K −$4.84/SF
NOI
$87.8K $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%
$1,755,180
Cap Rate 7%
$1,253,700
Cap Rate 9%
$975,100
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,759 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,580 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,966
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77598, TX
25,620
Population
13,337
Households
1.9
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
12.2 sq mi
ZIP Area
2,100
Density / Sq Mi
$59,758
Median Household Income
$45,190
Median Earnings
$1,279
Median Rent
$228,700
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.
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Frequently Asked Questions
What type of property is this?
Night club - Fully operational nightclub with kitchen, bars, dancefloor, and outdoor seating.
Where is this night club located?
The property is located at 17886 State Hwy 3 Webster, TX.
What is the asking price?
The asking price for this property is $2,089,999.
What are key features of this property?
This property features: Fully operational nightclub with existing infrastructure including a kitchen, 3 bars, dancefloor, and restrooms.; High‑traffic location at one of the busiest intersections in Webster.; Large 2,000 sq ft outdoor covered seating/bar area.
