Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12116 Westheimer Rd Houston, TX 77077
    Back to Search
    Property profile & analytics

    12116 Westheimer Rd Houston, TX 77077

    View on Map
    • Commercial real estate
    • 2,550 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drunken Boat / Restaurant

    Property Details for 12116 Westheimer Rd

    Property size
    2,550 SF
    Property type
    Commercial real estate

    Description

    This exceptional opportunity presents the acquisition of Drunken Boat, a thriving seafood restaurant located at 12116 Westheimer Rd, Houston, TX 77077. Boasting 2,550 square feet of space, this single-tenancy business is offered at $90,000. The current lease, commencing October 1, 2023, and expiring October 31, 2028, provides a secure 4-year remaining term. The business features a high-quality menu focused on fresh, premium seafood and lobster, catering to diverse preferences. Drunken Boat benefits from a strong brand reputation, evidenced by positive online reviews and a loyal customer base. Significant revenue growth potential exists through avenues such as catering, delivery services, or franchising, alongside targeted marketing and promotional strategies. This turnkey operation offers a compelling investment for an experienced restaurateur seeking a well-established, high-performing business in a prime Houston location. The price per square foot is $35.29. The business is known for its lobster rolls and seafood boils. Financial details are available upon request. This is a business-only sale.

    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
    -95.5936
    Latitude
    29.7368

    Comparable in this City

    • Value Estimation by Request
      3.04 Acres

      Houston, TX 77077

      Land • 3.04 Acres
      Houston, TX 77077
      View Details
    • Value Estimation
      $780,000
      3,500 SF

      13838 Westheimer Rd

      COMMERCIAL (GENERAL) • 3,500 SF
      13838 Westheimer Rd, Houston, TX 77077-5357
      View Details
    • Value Estimation by Request
      0.62 Acres

      1661 Beaconshire Rd

      COMMERCIAL (GENERAL) • 0.62 Acres
      1661 Beaconshire Rd, Houston, TX 77077
      View Details
    • Value Estimation by Request
      0.04 Acres

      Westheimer Rd

      COMMERCIAL (GENERAL) • 0.04 Acres
      Westheimer Rd, Houston, TX 77077
      View Details
    • Value Estimation by Request
      6,592 SF

      12525 Whittington Dr

      COMMERCIAL (GENERAL) • 6,592 SF
      12525 Whittington Dr, Houston, TX 77077-4849
      View Details
    • Value Estimation by Request
      0.50 Acres

      1900 Dairy Ashford Rd

      COMMERCIAL (GENERAL) • 0.50 Acres
      1900 Dairy Ashford Rd, Houston, TX 77077-4704
      View Details

    Similar Nearby for Sale

    • $2,950,000
      3.04 Acres

      Houston 3-Acre Commercial Land

      Prime mixed-use land, ideal for development.
      Houston, TX 77077
      View Details
    • Contact for pricing
      110,611 SF

      Westheimer Road Retail Opportunity

      Prime retail space with extensive frontage on Westheimer Road.
      13302-13320 Westheimer Rd, Houston, TX 77077
      View Details
    • Contact for pricing
      4,000 SF

      Established Tire Shop on Westheimer

      Thriving tire shop business for sale on a busy street.
      12836 Westheimer Rd, Houston, TX 77077
      View Details
    • $279,360

      Epernay Subdivision Land Tract

      0.27-acre commercial land tract in Epernay Subdivision.
      1239 S Kirkwood Rd, Houston, TX 77077
      View Details
    • Contact for pricing
      2,550 SF

      Seafood Restaurant Opportunity in Houston

      Established seafood restaurant with a focus on lobster rolls.
      12116 Westheimer Rd, Houston, TX 77077
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Enclave Parkway Office Space Available

      Office space available for rent in Houston, Texas.
      1345 Enclave Pkwy, Houston, TX 77077
      View Details
    • Contact for pricing
      46,568 SF

      Energy Corridor Office Space Available

      Office space for rent in the Energy Corridor.
      1401 Enclave Pkwy, Houston, TX 77077
      View Details
    • Contact for pricing
      12,114 SF

      Westchase District Office Sublease Available

      Office space available for sublease near Westchase District.
      2550 Gray Falls Dr, Houston, TX 77077
      View Details
    • Contact for pricing

      Kroger Anchored Retail Center

      Retail space for lease at Eldridge Pkwy & Briar Forest.
      1560 Eldridge Pkwy, Houston, TX 77077
      View Details
    • Contact for pricing
      678 SF

      Office Suite in Briarhills Parkway

      Executive office suite with shared amenities and ample parking.
      14515 Briarhills Pkwy, Houston, TX 77077
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12116 Westheimer Rd
    Houston, TX 77077
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12116 Westheimer Rd, Houston, TX, 77077
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!