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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.

Looking to invest, buy, sell or lease? We can help.

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Looking to invest, buy, sell or lease? We can help.

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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 it’s 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 owner’s 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 property’s 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 it’s 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!

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Houston CRE Takes Another Hit from Beryl 🌪️💥

Beryl Strikes Houston's CRE Recovery 🌊🏢

Commercial Real Estate

July 12, 2024•3 min read

Beryl Strikes Houston's CRE Recovery 🌊🏢

Hurricane Beryl pummeled the Houston area Monday, cutting off power to millions and claiming at least two lives. This was the second major storm to hit the city, following a freak derecho in mid-May that caused billions in damages. Just as the commercial real estate industry was beginning to recover, Beryl delivered another devastating blow.

🚧 Numerous roads were flooded and closed, transformers were blown out, and trees and utility poles were toppled. Swaths of Downtown Houston and other areas were submerged, signaling a lengthy and expensive cleanup at the beginning of a hurricane season that will last through November. 🌧️🏢

🗣️ Harris County Sheriff's Office reported that parts of Downtown Houston were underwater after the second powerful storm in two months. "Please, Houstonians, anyone who can hear my voice: Shelter in place," Houston Mayor John Whitmire urged during an 11 a.m. Monday news conference. "We’re in an emergency. We’re in rescue mode."

📉 As of late afternoon, scattered reports of damage to commercial property began to surface on social media, though officials were still assessing the chaos. Communications were limited due to major disruptions with internet companies such as AT&T and Xfinity.

💥 Windows were shattered at 24 Greenway Plaza, gas station canopies caved in, and Chron.com reported possible damage to the NRG Stadium roof. ABC13 had to broadcast via Facebook for the first time in history due to storm damage and outages.

🌬️ Beryl was downgraded to a tropical storm as it moved inland toward Houston after making landfall as a Category 1 hurricane near Matagorda Bay just before 4 a.m. Monday. Sadly, two people died after trees fell on their homes, Harris County officials announced. The hurricane also claimed at least 12 lives in the Caribbean, according to Caribbean National Weekly.

⚡ Beryl brought intense wind gusts, confirmed up to 91 mph, less than two months after Houston encountered an unexpected derecho. The May 16 storm had winds over 100 mph, shattering thousands of windows in Downtown skyscrapers. Beryl likely worsened the damage from that $5B to $8B storm, which was expected to take months to fully clean up.

🚢 Port Houston paused operations Monday and will remain closed Tuesday, reported the Houston Chronicle. About 16,500 CenterPoint crews are set to begin restoration operations for more than 2.1 million customers as soon as possible, Harris County Judge Lina Hidalgo stated in a video on social media platform X. She also urged people to stay inside and away from windows until the threat of falling trees passed.

💼 The storm was a major headache for real estate players in Houston, even those who suffered limited damages. "After a dead business week with the 4th of July holiday in the middle of the week, Houston didn’t need a hurricane on Monday," Colliers Senior Vice President Coy Davidson, also known online as The Tenant Advisor, posted. "What I am most frustrated about besides not having power is another lost couple of days of productivity. I am trying, but the vast portion of my client base is Houston-based."

⏳ The eye of the storm passed through Houston by around 10 a.m. The full impact of flooding remains unclear, as intermittent rain and windy conditions are expected through Monday evening, according to the Houston Chronicle weather team.

Stay safe, Houston! 💪🏽❤️ #HoustonStrong #TropicalStormBeryl #CRERecovery #StaySafeHouston #HurricaneSeason #RealEstate #HoustonNews #WeatherAlert

Should you need an experienced Commercial Real Estate Broker, please feel free to contact me at 281-222-0433.

https://www.houstonrealestatebrokerage.com/

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://www.tenantbase.com/advisors/bill-rapp/

https://buildout.com/plugins/3e7ef61d54725c99fd76ca1f4ae24a348c56a0d4/brokers/[email protected]

www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=mortgageviking

https://www.fastexpert.com/agents/bill-rapp-95118/

https://www.homelight.com/agents/bill-rapp-tx-595622?preview=t

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

Hurricane BerylHoustoncommercial real estatepower outagedamagehurricane seasondowntown HoustonCenterpointPort Houstonrestaurant clientsemergency responseinfrastructure damageweather alertHouston recovery

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clients’ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specific’s business’s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

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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.