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Property profile & analytics
OFF-MARKET Estimated value $535,000
Bars & Pubs

2470 Cypress Crk Pkwy Houston, TX 77068-3721

11,133 SF 0.82 ac lot Built 1977
Entity Owned Absentee Owner Free & Clear
Property ID
US82-4711024
Property summary
AI-generated overview

This exceptional restaurant opportunity in Houston, Texas, presents a unique chance to establish or expand a thriving culinary business. Located at 2470 Cypress Creek Parkway in Harris County, this 10,500-square-foot property boasts a highly visible and accessible location within a bustling retail and business district, ensuring significant foot traffic and customer accessibility. The property's former use as a restaurant provides a solid foundation for immediate occupancy, minimizing initial setup costs and time. Currently, there are two spaces available, ranging from 6,500 to 10,500 square feet, offering flexibility for various restaurant concepts and sizes. Ample on-site parking is a key advantage, providing convenient access for both patrons and staff. The property's strategic location in the Houston submarket ensures a strong customer base and significant potential for growth within a vibrant and dynamic commercial area. This turnkey opportunity is ideal for restaurateurs seeking a well-established space in a high-traffic location. The property's size and layout offer considerable versatility, allowing for customization to suit individual business needs. This is a rare chance to secure a prime restaurant space in a thriving Houston neighborhood.

Property profile
Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1977
Construction STEEL FRAME
Total area 11,133 SF
Lot 0.82 ac (35,893 SF)
APN 420880000059
UPID US82-4711024
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
  • ATM Atm
  • The Concert Pub North Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
$718k
Blend (final) Blend
$535k
Owner & transaction history
G5 CREEK VILLAGE LLC
G5 CREEK VILLAGE LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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