Assisted Living Center | 204 W Dallas St
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Assisted Living Center 204 W Dallas St
10,315 SF Vacant Flex Building Conroe, TX 77301 $2,100,000 ($204/SF) 14.76% Cap Rate
Investment Highlights
- Assisted senior living in a country home setting. Pet friends with large grounds for pets.
- Easy access to area hospitals: HCA, St Luke’s, Houston Methodist and Memorial Hermann (in the The Woodlands)
Executive Summary
THIS EXCEPTIONAL PROPERTY IS A VERSATILE GEM IN THE HEART OF CONROE,TEXAS WITH 10 BEDROOMS,8 FULL BATHROOMS, A COMMERCIAL STOVE,A SOLAR SYSTEM AND ****A TRANSFERABLE LICENSE FOR ASSISTED LIVING WITH 16 BEDS (LIC TYPE B). THE PROPERTY IS A MIXED USE BUILDING AND CAN BE USED FOR A SINGLE FAMILY HOME, MEMORY CARE, HOME HEALTHCARE OR ASSISTED LIVING. THE PROPERTY ALSO HAS A GUEST HOUSE THAT WOULD BE PERFECT FOR RENTAL INCOME, EXTENDED FAMILY LIVING OR LIVING CLOSE TO YOUR BUSINESS. ADDITIONALLY, THE VAST LAYOUT WITH 3 LIVING SPACES, NO CARPET, AN ELEVATOR AND COMMERCIAL GRADE AMENITIES MAKE IT IDEAL FOR A WEDDING VENUE, A BED AND BREAKFAST OR A COOKING SCHOOL ADDING VERSATILITY AND INCOME POTENTIAL. THIS PROPERTY HAS ENDLESS POSSIBILITIES. SEIZE THIS RARE OPPORTUNITY TODAY AND UNLOCK THE REMARKABLE POTENTIAL OF 204 WEST DALLAS STREET. THIS PROPERTY IS NOT OCCUPIED!!
Financials and business tax returns available for download and review after accepting CoStar's CA. Buyer to verify room dimensions and obtain updated survey.
Financials and business tax returns available for download and review after accepting CoStar's CA. Buyer to verify room dimensions and obtain updated survey.
Financial Summary (Pro forma - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
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PROPERTY TAXES
| Parcel Number | 6910-03-01710 | Total Assessment | $1,045,250 (2023) |
| Land Assessment | $77,810 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $967,440 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Number
6910-03-01710
Land Assessment
$77,810 (2023)
Improvements Assessment
$967,440 (2023)
Total Assessment
$1,045,250 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2021
zoning
| Zoning Code | n/a (Commercial Use) |
| n/a (Commercial Use) |
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Assisted Living Center | 204 W Dallas St
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