2100 34th St Houston, TX 77018-6003
This exceptional 1,599-square-foot restaurant in Houston, Texas, presents a lucrative investment opportunity. Located on a signalized corner with high daily traffic volume (16,100 vehicles), it benefits from its proximity to Waltrip High School (approximately 750 feet away), serving a large student population of over 1,700. The strong demographics are undeniable, with 400,000 people within a 5-mile radius boasting an average household income of $112,000. The property boasts a long operational history, with the current restaurant having been established since the 1980s. The current tenant operates under a net-net lease structure, responsible for all expenses except property taxes. The asking price is $1,500,000, offering a compelling 5.00% capitalization rate with a net operating income (NOI) of $75,000. This turnkey operation is situated at 2100 W 34th St, Houston, TX 77018, in Harris County. The property's prime location and established history make it an ideal investment for discerning buyers seeking a stable and profitable venture in a thriving market.
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Eastern Chinese Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.