Your Trusted Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
Your Trusted Katy / Fulshear & Houston Commercial Real Estate Brokerage
Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.
eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides itās time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerās best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyās current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itās through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.
A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:
1. Selling the Property: If the owner decides itās time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.
2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerās best interests.
3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.
4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.
5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.
6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyās current market value, assist in gathering necessary documentation, and even help in finding the best financing options.
7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.
8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.
9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itās through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.
In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!
Let us help your business succeed.
š¢ Garage Mahal: Iconic Art Car Museum for Sale! š
šØ Houston's Art Car Museum Hits the Market šļø
One of Houstonās quirkiest landmarks has hit the market! The iconic āGarage Mahal,ā former home to the Art Car Museum at 140 Heights Blvd, is now up for sale, asking $1.3 million. This building isnāt just another property; itās a slice of Houstonās cultural history and an exciting opportunity for commercial real estate investors looking to buy a piece of the cityās artistic legacy. But whatās next for this unique space in the ever-evolving Heights neighborhood?
The Art Car Museum, founded by Texas art legends Ann and James Harithas, was more than a placeāit was a movement. Known for its signature scrap metal spikes, spires, and hubcaps, the building became a beacon for the art car community and a must-see for tourists and locals alike. For over 25 years, this Heights landmark, designed by renowned artist David Best, housed exhibits that showcased the unconventional, rebellious side of Houstonās art scene. š¼ļø
After the passing of both founders, the museum relocated to the Orange Show Center for Visionary Arts in the Third Ward, with a generous $1.25 million donation from the Harithas family ensuring its legacy lives on. But now, this unique building awaits its next chapter.
The listing has generated a lot of buzz, and not just among art lovers. This is a unique opportunity for CRE developers and investors in the Heights. Known for its distinct personality, the buildingās faƧade alone is a statement piece. So, what kind of future could this beloved landmark have? The possibilities are as creative as the museum itself:
1. Boutique Art Studios and Galleries: With its rich history and ties to Houstonās art scene, converting the space into artist studios, galleries, or even an art-focused co-working space could keep its creative spirit alive.
2. Niche Retail or Restaurant Concept: The Heights is known for its vibrant, eclectic food and retail scene. Imagine a quirky restaurant or boutique that embraces the Garage Mahalās eccentric design elements. Picture dining or shopping amidst the original David Best-designed decorānow, thatās a destination!
3. Creative Office Space: The areaās demand for office space catering to start-ups, freelancers, and creative agencies is high. Renovating the building into a unique office space could draw businesses looking for an inspiring, unconventional work environment.
4. Event and Performance Venue: Given its uniqueness, the building could transform into a small-scale event venue, offering an offbeat atmosphere for private events, gallery openings, and live performances. This would both honor its legacy and contribute to the vibrant social scene in the Heights.
One hurdle for potential buyers is the buildingās parking restrictions. According to Mark Davis from Davis Commercial, the limited parking space may steer its future toward arts-focused uses, which require less parking than a typical retail space. But in the Heights, where street parking is often available, creative solutions like valet services or shared parking agreements with nearby businesses could open more possibilities for its use. š
For fans of the buildingās striking design, thereās good news: the iconic spikes and spires are being preserved! Thomas Pascal Will Robinson, the foundersā son, has confirmed that the decorative elements will be moved to the new museum site, where David Best will incorporate them into a fresh installation. So while the building itself may take on a new role, its soul will carry forward to the Orange Show Center for Visionary Arts. š
The Garage Mahal isnāt just a property; itās a brand with a history and a built-in following. For the right investor, this is a chance to make a statement in the Heightsāa neighborhood that thrives on creativity, individuality, and a connection to local culture. Whether the buildingās future lies in arts, retail, dining, or something entirely unexpected, the next owner has a rare opportunity to tap into a beloved part of Houstonās cultural fabric.
So, what do you think the future holds for the āGarage Mahalā? Whatever happens, one thingās certain: this sale marks the end of one era and the beginning of another for Houstonās art scene and the Heights neighborhood. Stay tuned for the next chapter! šš
Iām an experienced Commercial Real Estate Broker, please feel free to reach me at 281-222-0433.
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Ā© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team
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