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.

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

OUR FEATURED TENANTS & CLIENTS

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!

Reviews

💼 How Texas’ THC Crackdown Could Disrupt Commercial Real Estate Markets 🏬🔥

🏢 Texas THC Ban and CRE Fallout: What Property Owners Need to Know 💥🌿

May 27, 20252 min read

🏢 Texas THC Ban and CRE Fallout: What Property Owners Need to Know 💥🌿

💼 How Texas’ THC Crackdown Could Disrupt Commercial Real Estate Markets 🏬🔥


🚨 The Looming THC Ban Could Shake Up Texas Commercial Real Estate

The Texas Legislature is on the verge of passing Senate Bill 3 — a law that would effectively ban all THC-containing hemp products, including popular edibles, vapes, drinks, and smokable flower. If signed by the governor, this law will reshape not just the hemp industry, but also the commercial real estate (CRE) landscape across Texas.

Here’s what property owners, investors, and commercial brokers need to know:


💸 A Booming Retail Sector Faces Sudden Disruption

Since 2019, the Texas hemp industry has exploded — creating an estimated $8 billion in tax revenue and over 50,000 jobs. Thousands of small businesses set up shop in retail strips, standalone storefronts, gas stations, and mixed-use developments across the state.

What happens next? These tenants — who lease space for CBD and THC sales — could be forced to shut down as early as September 1st, leaving hundreds of vacant commercial units overnight.


🏚️ Landlords: Prepare for a Tenant Exodus

If you’re a commercial property owner with hemp or THC product retailers, now is the time to act. Here’s what you need to consider:

·         Lease Reviews: Evaluate clauses related to illegal activity or regulatory changes.

·         Contingency Planning: Proactively market spaces at risk of vacancy.

·         Conversion Options: Explore zoning flexibility and potential tenant types to backfill affected units — think boutique retail, med spa, or food & beverage.

·         Property Valuation Impacts: Stripped of income-producing leases, property values may temporarily decline in high-exposure areas.


📍 Hotspots Most Affected

Some of the most vulnerable locations include:

·         Retail corridors in Houston, Dallas, Austin, and San Antonio

·         Suburban strip centers near college towns and military bases

·         Mixed-use properties with health, wellness, and alternative therapy tenants


🏗️ Investment and Development Outlook

This legislation could cool down retail real estate investment in affected submarkets — especially those that saw cap rate compression driven by hemp-derived tenant demand. Build-to-suit opportunities and new strip center development may stall unless replacement tenant strategies are quickly identified.


🧠 Strategic Takeaway for Investors & Brokers

Whether you’re an investor, developer, or CRE broker, the ban underscores a crucial lesson:
🧩 Understand your tenant mix, regulatory exposure, and local political landscape.

Sign the Petition to Urge a NO Vote!: https://texashempbusinesscouncil.com/petition/

Now’s the time to reevaluate your portfolio — and reposition assets toward medically-aligned users, service-based businesses, and high-credit national tenants less affected by legislative swings.


https://www.houstonrealestatebrokerage.com/

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

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

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

https://app.bullpenre.com/profile/1742476177701x437444415125976000

https://author.billrapponline.com/

https://www.amazon.com/dp/B0F32Z5BH2


© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


Texas THC Bancommercial real estate impactSenate Bill 3 Real EstateTHC law effects on property ownershempretail vacanciesCRE legislation Texas
blog author image

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.

Back to Blog

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 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!

Find the perfect location for your business.

Let us help your business succeed.

💼 How Texas’ THC Crackdown Could Disrupt Commercial Real Estate Markets 🏬🔥

🏢 Texas THC Ban and CRE Fallout: What Property Owners Need to Know 💥🌿

May 27, 20252 min read

🏢 Texas THC Ban and CRE Fallout: What Property Owners Need to Know 💥🌿

💼 How Texas’ THC Crackdown Could Disrupt Commercial Real Estate Markets 🏬🔥


🚨 The Looming THC Ban Could Shake Up Texas Commercial Real Estate

The Texas Legislature is on the verge of passing Senate Bill 3 — a law that would effectively ban all THC-containing hemp products, including popular edibles, vapes, drinks, and smokable flower. If signed by the governor, this law will reshape not just the hemp industry, but also the commercial real estate (CRE) landscape across Texas.

Here’s what property owners, investors, and commercial brokers need to know:


💸 A Booming Retail Sector Faces Sudden Disruption

Since 2019, the Texas hemp industry has exploded — creating an estimated $8 billion in tax revenue and over 50,000 jobs. Thousands of small businesses set up shop in retail strips, standalone storefronts, gas stations, and mixed-use developments across the state.

What happens next? These tenants — who lease space for CBD and THC sales — could be forced to shut down as early as September 1st, leaving hundreds of vacant commercial units overnight.


🏚️ Landlords: Prepare for a Tenant Exodus

If you’re a commercial property owner with hemp or THC product retailers, now is the time to act. Here’s what you need to consider:

·         Lease Reviews: Evaluate clauses related to illegal activity or regulatory changes.

·         Contingency Planning: Proactively market spaces at risk of vacancy.

·         Conversion Options: Explore zoning flexibility and potential tenant types to backfill affected units — think boutique retail, med spa, or food & beverage.

·         Property Valuation Impacts: Stripped of income-producing leases, property values may temporarily decline in high-exposure areas.


📍 Hotspots Most Affected

Some of the most vulnerable locations include:

·         Retail corridors in Houston, Dallas, Austin, and San Antonio

·         Suburban strip centers near college towns and military bases

·         Mixed-use properties with health, wellness, and alternative therapy tenants


🏗️ Investment and Development Outlook

This legislation could cool down retail real estate investment in affected submarkets — especially those that saw cap rate compression driven by hemp-derived tenant demand. Build-to-suit opportunities and new strip center development may stall unless replacement tenant strategies are quickly identified.


🧠 Strategic Takeaway for Investors & Brokers

Whether you’re an investor, developer, or CRE broker, the ban underscores a crucial lesson:
🧩 Understand your tenant mix, regulatory exposure, and local political landscape.

Sign the Petition to Urge a NO Vote!: https://texashempbusinesscouncil.com/petition/

Now’s the time to reevaluate your portfolio — and reposition assets toward medically-aligned users, service-based businesses, and high-credit national tenants less affected by legislative swings.


https://www.houstonrealestatebrokerage.com/

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

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

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

https://app.bullpenre.com/profile/1742476177701x437444415125976000

https://author.billrapponline.com/

https://www.amazon.com/dp/B0F32Z5BH2


© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team


Texas THC Bancommercial real estate impactSenate Bill 3 Real EstateTHC law effects on property ownershempretail vacanciesCRE legislation Texas
blog author image

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.

Back to Blog

Find the perfect location for your business.

Let us help your business succeed.

Sign up to receive the latest news on property investment and commercial real estate listings.

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27815 Astoria Brook Ln

Katy, TX 77494 USA


9600 Great Hills Trail, Suite 150w Austin, TX 78759 |
855.450.0324 xx255

Texas Real Estate Commission Consumer Protection Notice Texas Real Estate Commission

Information About Brokerage Services eXp Commercial LLC #9010212

Viking Enterprise LLC #9009614

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Contact Us

27815 Astoria Brook Ln

Katy, TX 77494 USA

901 S Mopac Expwy, Bldg 2, Suite 350 Austin, TX 78746 | 512.474.5557Texas Real Estate Commission

Consumer Protection Notice Texas Real Estate Commission Information About Brokerage Services Reliance Retail, LLC #603091

Texas RS, LLC #9003193 | RESOLUT RE Is Licensed In Louisiana #0995694083