1915 N Frazier St
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1915 N Frazier St
9,486 SF 100% Leased Retail Building Conroe, TX 77301 $899,000 ($95/SF) 8.79% Cap Rate
Investment Highlights
- Great visibility in rapidly growing Conroe
- Multiple tenants
- Ample parking
Executive Summary
Prime investment opportunity located in the heart of fast growing city of Conroe. This property is 100% occupied and has been extensively renovated with long-term leases in place. Perfectly positioned in a high-traffic area, this is a rare opportunity to secure a solid, low-maintenance investment in a thriving market.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
9,486 SF
Building Class
C
Year Built
1965
Price
$899,000
Price Per SF
$95
Cap Rate
8.79%
NOI
$79,032
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
30 Spaces (3.16 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Courtyard
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0002-02-05810 | Total Assessment | $457,000 (2023) |
| Land Assessment | $261,360 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $195,640 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0002-02-05810
Land Assessment
$261,360 (2023)
Improvements Assessment
$195,640 (2023)
Total Assessment
$457,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1915 N Frazier St
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