CENTURY 21 Republic helps investors and owner-operators buy and sell hotels, motels, gas stations, convenience stores, car washes, and other special-use properties across Greater Houston.
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Properties we work with
- Limited-service and independent hotels and motels
- Gas stations and convenience stores
- Express and full-service car washes
- Churches and other special-use buildings
What we analyze
- Hotels: occupancy, average daily rate, revenue per available room, brand requirements, and property improvement plans.
- Gas stations: fuel volume and margins, in-store sales, fuel supply agreements, and environmental reports on underground tanks.
- Car washes: car counts, membership revenue, equipment age, and water and utility costs.
- Real estate versus business: separating the value of the land and building from the operating business.
How we evaluate a deal
Broker and co-owner Jose Torres holds an MBA and a Master of Finance from Tulane University and has more than 25 years of experience managing finance, real estate, and projects. We help you look at both the possibilities and the numbers before you buy, sell, or sign a lease.
What investors can expect
| Benchmark | Houston figure |
|---|---|
| Cap rate, limited-service hotels | 7.75% – 8.75% |
These properties are valued on both the real estate and the business it supports. Pricing for gas stations and car washes depends heavily on verified sales, fuel volume, or car counts, so we start with the operating history.
Source: hotel cap rates from the CBRE U.S. Cap Rate Survey (H2 2025, published February 2026). These are market benchmarks, not an appraisal of any property.
Frequently asked questions
Why do hotels trade at higher cap rates?
Hotel income changes daily with occupancy and room rates, and operating costs are high, so buyers expect a higher return than for leased properties.
What environmental checks does a gas station need?
Buyers typically order a Phase I environmental site assessment and review the history of the underground storage tanks before closing.
Talk to us about hospitality and special-use property
Call 832-615-6742 or email info@c21republic.com. Back to commercial real estate →
