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    13192 Veterans Memorial Dr Houston, TX 77014

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    13192 Veterans Memorial Dr Houston, TX 77014

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    • Commercial real estate
    • 3,700 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Houston Crawfish & Seafood / Restaurant

    Property Details for 13192 Veterans Memorial Dr

    Property size
    3,700 SF
    Property type
    Commercial real estate

    Description

    This thriving Houston restaurant, located at 13192 Veterans Memorial Dr, Houston, TX 77014 within the Torrey Square Shopping Center, is offered for sale at $320,000. The 3,700 square foot, single-story building boasts a 37.15% cap rate and a strong NOI of $118,869. The business features a unique fusion menu combining fresh seafood with Thai and Vietnamese flavors, appealing to a broad customer base. Its excellent online reputation, reflected in a 4.3+ star Google rating from over 255 reviews, speaks to its consistent customer satisfaction. This turnkey operation benefits from a high-traffic location at the intersection of Veterans Memorial Drive and Bammel N. Houston Road, ensuring high visibility and accessibility. The sale includes 100% ownership of this established brand with significant growth potential in a vibrant culinary market. The property is a NNN lease, with a single tenant and building. This represents a compelling investment opportunity for those seeking a profitable and well-regarded restaurant business. The business is categorized as Class B.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4912
    Latitude
    29.9796

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      15000 Bammel North Houston Rd

      Land
      15000 Bammel North Houston Rd, Houston, TX 77014
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    Similar Nearby for Sale

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      1,200 SF

      Houston Vietnamese Restaurant - Turnkey Operation

      Established eatery, prime location, high traffic
      0 Veterans Memorial Dr, Houston, TX 77014
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      Prime Land in Houston

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      Commercial Land For Sale

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      Prime Land on Bammel Houston

      3.43 acre commercial land with high visibility and traffic.
      14319 Torrey Village Dr, Houston, TX 77014
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      8,713 SF

      Versatile Commercial Building Near FM 1960

      Adaptable 8,713 SF building suitable for offices or education.
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    Similar Nearby for Lease

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      Office Spaces Available for Rent

      Office spaces available, ranging from 1,704 to 15,281 SqFt.
      14340 Torrey Chase Blvd, Houston, TX 77014
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      Retail Space for Food Retail

      Retail suite suited for food retail in North Houston.
      12325 Veterans Memorial Dr, Houston, TX 77014
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      Upscale Shopping Center in Houston

      Newer construction shopping center in a fast-growing neighborhood.
      12755 Walters Rd, Houston, TX 77014
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      Office Space Available For Lease

      Office space for lease at 14425 Torrey Chase Blvd.
      14425 Torrey Chase Blvd, Houston, TX 77014
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      Retail Center on Veterans Memorial

      17,300 SF retail center at Veterans Memorial and Northcliffe.
      12403 Veterans Memorial Dr, Houston, TX 77014
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      Office Space Available For Lease

      Office space for lease at 14511 Falling Creek Dr.
      14511 Falling Creek Dr, Houston, TX 77014
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    Houston, TX 77014
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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