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Property profile & analytics
OFF-MARKET
Turn key restaurants

2100 34th St Houston, TX 77018-6003

1,599 SF 0.39 ac lot Built 1973
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US82-3150248
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,599 SF
Lot 0.39 ac (16,823 SF)
APN 432050050145
UPID US82-3150248
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
  • Eastern Chinese Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
14118 Group LLC · 13 yrs held
14118 Group LLC
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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