Commercial Real Estate Blog

Auction – 3 acres of Houston Land Hard corner Hillcroft at Dunlap with High Traffic

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Price: Undisclosed Send Highest and Best Bid by 04/15/2018
Land: 3 Acres
Location: Hillcroft and Dunlap
Traffic: 16,364 Car Per Day
Restrictions: None – Commercial or Residential Development
Contact: Allen Jimenez at 832-305-7653 for any other details
Notes: Perfect location for retail, c-store, car wash, etc..

view with traffic

houstonview

34 Unit Apt Complex Houston 11-12% Cap Rate For Sale – Not Listed

 

34 unit apt complex
Click Image for Video

 

Superb updated apartment complex

  • 95% Hispanic area
  • 34 Units
  • 97% Occupied
  • 1 more unit available for rental for another 7200.00 a month (efficiency) not included currently in financials we use for storage
  • All units renovated 2018
  • Tile / wood floors (tile looks like wood)
  • Granite Counters
  • New appliances
  • Paint
  • Molding
  • Stainless fixtures
  • Gates installed
  • Cameras installed
  • Alarm installed

Financials available upon requests

4 Star Hotel for Sale – Houston Texas – High Gross Revenue

Best Western Plus - Katy Mills
Best Western Plus – 78 Rooms on 1.8 Acres of Land

Address: 2006 Katy Mill Blvd
Rooms: 78

Land Size: 1.8 acres
Annual Income: $1.8M
PIP: Completed in last 12 months
Flag: Best Western Plus (Plus is a more upscale compared to normal Best Western)
Built: Year 2009 
List Price: $7.5M
Parking: 75+ Cars
Traffic: 125,000+ Cars Per Day (90k on Hwy Daily)

Financials:  Available upon request please call Allen at 832-305-7653 for CA
Pocket listing off market currently – no realtor commissions will be paid at this point.

Please do not approach hotel, as it is not owner operated, and do not want to alarm the staff.  Thank you in advance. 

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4.5 Star Reviews from 197 Satisfied Customers
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PIP Has been completed in last 12 Months – New Carpet, Beds, TV’s, and much more

 

Collection Street Cross Street Traffic Vol Year Distance
Highway Blvd
Katyland Dr W
20,034
2010
0.23 mi
Old Katy Rd
Katyland Dr W
13,000
2016
0.23 mi
Katy Fwy
Bass Pro Dr E
73,715
2010
0.30 mi
I- 10
Katy Freeway Svc Rd NE
90,000 CARS PER DAY
2016
0.30 mi
Katy Fort Bend Rd
Katy Fwy N
15,598
2016
0.35 mi

Location, Location, Location this is the key to a successful business, this location has a median income of over $110,632 in a one mile radius. 

Houston Flooded Home sold 60% of Value – Memorial Area for a PROFIT OF $90,000!

This is a wholesale off market property.  We have an official appraisal from a licensed Texas Appraisal for $360,000 after repairs are made completed yesterday 02/18/2018.  Estimate for construction is $60-65,000, and asking price is $225,000, GIVES YOU A PROFIT OF $90,000 !!!! TOP BIDDER WINS BY TOMORROW 02/20/2018 5PM 

  • Asking Price: $225K
  • Repairs: $65K (worst case scenario)
  • Investor Total: $290K
  • After Repair Value: $360K
  • Profit: $70,000-90,000 depending if self managed construction 

SERIOUS BUYERS ONLY – CALL 832-305-7653 FOR APPRAISAL/SURVEY/APPOINTMENT

More Pictures Here: https://photos.app.goo.gl/mTRYaQKVVFgVgF6z2

WhatsApp Image 2018-02-13 at 2.49.19 PMWhatsApp Image 2018-02-13 at 2.49.18 PM

Home Statistics:

  • Living Sqft: 2300 sqft
  • Lot Size: 2800 sqft
  • Type: Single Family Home
  • Flood Zone: X (lowest rating does not require flood insurance) – ONLY FLOODED because the city released the reservoir container.
  • Starting Bid: $225k
  • Sheetrock: Removed
  • Mold Remediation Done – Now completely dry and down to studs

Walmart Anchored Shopping Center w/ National Tenants 8% Cap – $1.55M

 

8 walmart 2sign

Secure 8% Cap on this Shopping Center in front of Walmart Anchor, with 2 National Tenants.  If you are looking for a STABLE investment with NNN leases, this is your opportunity to own such an investment.

EL CAMPO MAP VIEW
In the direct center of national tenants – Walmart, Buc-ee’s, O’Reily, Memorial Hospital, Dollar Tree – Superb location

Building Description:

  • Year Built: 2005
  • Sqft of Building: 8499 sqft
  • Construction Type: Stucco – Brick and Morter
  • Number of Tenants: 3
  • Occupied: 100% Occupied

Land Description:

  • Lot Size: .97 Acres (1 acre)
  • Features: Front of Walmart (Anchor)
  • Asphalt Paved
  • Parking Spaces (35 parking spaces +)
Collection Street Cross Street Traffic Vol Year Distance
W Loop St
Sandy Corners Rd NE
5,400
2015
0.10 mi
N Wharton St
Tura St SE
2,500
2015
0.30 mi
N Mechanic St
Tura St SE
7,600
2015
0.30 mi
Farm-to-Market Road 2765
Point West Dr NE
2,700
2015
0.33 mi
N Wharton St
Franke St NW
4,400
2015
1.21 mi
1 Mi 3 Mi
Population
2,524
13,547
Households
972
4,869
Average Age
41.90
37.50
Median HH Income
$69,829
$47,627
Daytime Employees
1,908
5,887
Population Growth ’17-’22
1.4%
1.6%
Household Growth ’17-’22
1.3%
1.6%
Listed by:
HoustonPremierAgents.com
Allen Jimenez – Broker #0549644
713-703-7089 (Mobile)
832-305-7653 (Office)
800-508-2939 (Fax)
Closed over 120+ Successful Transactions – Mentored & Trained Agents – Commercial Mortgage Broker & Real Estate Broker
me leaning on fence
Property ID: 59576651401

Cost of Capital – COC and Opportunity

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Note on Cost of Capital:

Remember money has value, you can lose on opportunities that may arise, but your money is tied up in another investment & cannot move on the new one that is much better. Thus you lost money, by not being ready.

What is ‘Cost of Capital’

Cost of capital is the required return necessary to make a capital budgeting project, such as building a new factory, worthwhile. Cost of capital includes the cost of debt and the cost of equity. Another way to describe cost of capital is the cost of funds used for financing a business. Cost of capital depends on the mode of financing used — it refers to the cost of equity if the business is financed solely through equity, or to the cost of debt if it is financed solely through debt. Many companies use a combination of debt and equity to finance their businesses and, for such companies, the overall cost of capital is derived from a weighted average of all capital sources, widely known as the weighted average cost of capital (WACC). Since the cost of capital represents a hurdle rate that a company must overcome before it can generate value, it is extensively used in the capital budgeting process to determine whether the company should proceed with a project.cost-1174930_960_720

NET Profit – ALL NET is what investors look at

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NET Profit:

In simplest terms, NET profit the money left over after paying all expenses including carrying cost. Net profit, also referred to as the bottom linenet income, or net earnings is a measure of the profitability of a venture after accounting for all costs and taxes. It is the actual profit, and includes the operating expenses that are excluded from gross profit.

What is ‘Net Profit Margin’

Net profit margin is the ratio of net profits to revenues for a company or business segment . Typically expressed as a percentage, net profit margins show how much of each dollar collected by a company as revenue translates into profit. The equation to calculate net profit margin is: net margin = net profit / revenue.

CapEx – Capital Expenditures and the balance of improvement & ROI

Capital Expenditure – CAPEX
financial-statement-classification-of-capital-and-revenue-expenditure-and-receipts-4-638

Capital expenditure, or CapEx, are funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment. CapEx is often used to undertake new projects or investments by the firm. This type of financial outlay is also made by companies to maintain or increase the scope of their operations.

Breaking it Down:
Capital expenditures are a necessity that all property owners try to maintain a balance in.  Investors upgrade properties to sell for a profit, however do not over expend as you increase risk without reward.

Example:  Don’t put in a pool in an area that pools do not do well in, as pools only bring in about 25-35% of paid value on return.  However putting in wood floors brings in a 200%+ return on investment.  More bang on the return for improvement.

The almighty Profit & Loss Statement (P & L or Income Statement)

17 PandLComparison

A profit and loss statement (P&L) is a financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time, usually a fiscal quarter or year. These records provide information about a company’s ability – or lack thereof – to generate profit by increasing revenue, reducing costs, or both. The P&L statement is also referred to as “statement of profit and loss”, “income statement,” “statement of operations,” “statement of financial results,” and “income and expense statement.”

“Book Value” in commercial real estate

Book Value and how it can help be manipulated
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Book value of an asset is the value at which the asset is carried on a balance sheet and calculated by taking the cost of an asset minus the accumulated depreciation. Book value is also the net asset value of a company, calculated as total assets minus intangible assets (patents, goodwill) and liabilities. For the initial outlay of an investment, book value may be net or gross of expenses such as trading costs, sales taxes, service charges and so on.

Book value can also help as a tax credit, using a depreciation of asset.

Fibonacci Retracement Term

Fibonacci Retracement
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A Fibonacci retracement is a term used in technical analysis that refers to areas of support (price stops going lower) or resistance (price stops going higher). Fibonacci retracement levels use horizontal lines to indicate areas of support or resistance at the key Fibonacci levels before the trend continues in the original direction. These levels are created by drawing a trendline between the high and low and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

Breaking it Down:
Fibonacci retracement is a very popular tool used by many technical traders to help identify strategic places for transactions to be placed, target prices or stop losses. The notion of retracement is used in many indicators such as Tirone levels, Gartley patterns, Elliott Wave theory and more. After a significant price movement up or down, the new support and resistance levels are often at or near these lines.

Fibonacci retracement levels are static prices that do not change, unlike moving averages. The static nature of the price levels allows for quick and easy identification. This allows traders and investors to anticipate and react prudently when the price levels are tested. These levels are inflection points where some type of price action is expected, either a rejection or a break.

1 Acre of Houston Land Next to Starbucks, BBVA, future HEB 60k Cars Per Day!

earth top with parcelsMaker:S,Date:2017-9-15,Ver:6,Lens:Kan03,Act:Lar02,E-Ysurvey viewgoogle bus info

1 Mi
Population
5,273
65,898
Households
1,822
23,042
Average Age
35.30
35.80
Median HH Income
$82,529
$81,884
Daytime Employees
6,122
23,337
Population Growth ’17-’22
10.3%
10.4%
Household Growth ’17-’22
10.7%
10.6%
Collection Street Cross Street Traffic Vol Year Distance
Spring Cypress Rd
Nannette Ln SW
39,000
2016
0.13 mi
Spring Cypress Rd
Bell NE
58,483
2016
0.15 mi
Spring Cypress Rd
Bell SW
54,095
2010
0.19 mi

20 Unit Apartment Complex Houston – $1.85M Fully Occupied Near 10% Cap Rate – MAKES $261K ANNUALLY

APT SUMMARY

This 20 Unit Apartment complex generates $261,000 Annually with expenses only at $84,000 annually that gives you a $185,000 Take Home a (10% Cap Rate).  These Units are in SUPERB condition and just had the flooring, granite, bathroom, and kitchen done.  The tenants are mostly hard working hispanic families, since this area is 90% latin.  Crime is very low, and very convenient to get to, only 15 minutes from downtown Houston.  If you need address sign the buyers rep agreement for this property below.

Need Address Click Here To Sign Commission Protection Agreement for this ONE PROPERTY:  https://app.hellosign.com/s/fbefe2f1

 

apt rentroll1APT RENTROLL 2apt op statement

3 acres of Land for 1.4M for C-Store / Gas Station + Strip Center

2018-03-13

Land Size: 2.96 acres
Asking Price: $1.4M

Potential Layout can fit a Gas Station – C-Store PLUS 2 Strip Centers.  The location sits in front of a major subdivision and has no nearby / walkable shopping center or c-store nearby.  Commercial land / non-restricted.

Call 832-305-7653 for more information

Texaco – Gas Station + 2 Retail Units Leased

texaco el

  • Inside Sales: $100,000
    Gambling Machines: $50,000 (but city shut it down, may be able to reopen under membership only loophole)
  • Outside Sales: $25,000
  • Contract on Gas:
  • Asking Price: Taking Bids Starting at 1.4m
  • 12 Pumps
  • Corner Location on 6 Lane Blvd (3/3)
  • Traffic Count: 21,500 Cars Per Day in 2017

Features: In front of 4 Sub-Divisions, Great Forced Value Project as property can be rehabbed into multiple retail leased locations.

Downtown Houston Gets Financing for 31,000 sqft Market (Construction News)

Hines has secured construction financing for the development of a proposed food hall to be located at 411 Smith St. in downtown Houston.

The 31,500-square-foot Lyric Market will feature restaurant concepts, including a bakery, sushi bar, ice cream shop and wine and cocktail bars, as well as a plaza with tables and a second-story terrace café available for events up to 400 guests. The development will also include a 10-story, 801-space parking garage.

Lyric Market will be developed adjacent to the Lyric Centre office building on the current site of a 125-space surface parking lot. The project is scheduled to open in fall 2018.

by Julian Thompson at CoStar

Hard Corner Intersection Signalized Land Deal (Houston, TX)

1-1 acres

1.1 acres of Commercial Land with 33,000+ Cars Per Day (Increased from 28,700 in 2017).   Priced to sell fast 450k! Or Best Offer – Hard Corner Great for C-Store / Gas Station / or Retail.

baytown 1 acre

Priced at 599K I think we can get a deal on this one a bit cheaper… Sits in front of 2 Neighborhoods on busy street.  — Baytown Texas

spencer

Hard corner / signalized on 1.01 acres with over 30,000 cars per day !! 599k or best offer lets make a deal today!  No restrictions.

 

Houston Hotel Foreclosure (105 Rooms) – Bank Owned

foreclosure

Sale Notes – Taking All Bids

Redevelopment Opportunity on 4 acres with Frontage to i45 (253,000 Vehicles/day) – Main 6 Story Building consists of 105 rooms (~75,000sf). Lower buildings consist of approx 120 rooms. – Post Renovation Potential Annual Revenue (Main Building): 2,200,000 (105 rooms x 85$/night @ 70% occupancy). – Grandfathered Billboard (among tallest in the city w/i45 Frontage and 80feet height) -Developer will demo lower buildings to increase parking ratio and reduce initial capital requirements for Phase 1. Only main 6 story building to reamain (105 rooms ,75000 sf approx).  100% VACANT

For Sale

Price $4,750,000 suggested value
Price/Room $21,205
Sale Type Investment
Status Active
On Market 3 Days
Last Updated Feb 3, 2018

Building

Type 3 Star Hotel
Rooms 224
Stories 6
GBA 140,000 SF
Typical Floor 23,333 SF
Year Built 1970
Construction Steel
Sprinklers None
Parking 340 free Surface Spaces are available; 1.5 per Room
Taxes $117.03/Room (2013)
Walk Score®Somewhat Walkable (62)
Transit Score®Good Transit (61)

Land

Land Acres4.89 AC
Bldg FAR0.66
Land SF213,008 SF
ZoningNone

Houston Multi-Family Report 2018 – 1st Quarter

Investors spent less money on apartments in 2017 than the previous year, according to CoStar research, but bought more multifamily properties.

The math may be a little counter-intuitive, but resulted from sales in the most expensive urban infill markets dropping off as owners of newer downtown properties decided to hang on to their assets or demanded rich pricing. Yield-hungry investors, in turn, looked to suburban and secondary markets – where multifamily properties are cheaper, and older assets and workforce housing are in vogue as well.

That combination resulted in a mixed outcome in 2017 – more property trades, but less total investment in the multifamily market.

“No doubt this is the case,” says Josh Goldfarb, co-head of Cushman & Wakefield’s multifamily sales platform. “We are seeing more interest in the suburbs and secondary markets caused by overheated costs and land pricing in large metropolitan areas, combined with minor oversupply.”

Article Aurthor: CoStar Group