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1119 E Milam St 12,240 SF Retail Building Wharton, TX 77488 $495,000 ($40.44/SF) 8.48% Cap Rate
Investment Highlights
- Diverse property with warehouse and retail/office space.
Executive Summary
Features warehouse, retail/office, and loft space. The property is currently unoccupied. Asking rent is $3,500/mo , triple-net ($42,000 annual rent).
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$42,000
|
$3.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,000
|
$3.43
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $3.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $42,000 |
| Annual Per SF | $3.43 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,240 SF
Building Class
C
Year Built
1960
Price
$495,000
Price Per SF
$40.44
Cap Rate
8.48%
NOI
$42,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.35 AC
Zoning
None - None
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
CommunityBank of Texas
1 of 26
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1119 E Milam St
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