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2527 N Frazier St 8,300 SF 100% Leased Retail Building Conroe, TX 77303 $3,950,000 ($475.90/SF) 6.25% Cap Rate
Investment Highlights
- High traffic area.
- One mile from I-45
- New construction.
Executive Summary
Great investment opportunity just minutes from the booming cities of Conroe and Willis near the corner of North Frazier and FM 3083. 45,000 vehicles a day go through that intersection. Less than a mile from I-45. Brand new +-8300 sf building with 60% leased out and working on the other 40%. Should be 100% leased out by January 2026.
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
8,300 SF
Building Class
B
Year Built
2024
Price
$3,950,000
Price Per SF
$475.90
Cap Rate
6.25%
NOI
$246,875
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.41 AC
Frontage
116’ on North Frazier Street
Amenities
- 24 Hour Access
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 9413-02-00100 | Improvements Assessment | $669,638 |
| Land Assessment | $432,377 | Total Assessment | $1,102,015 |
Property Taxes
Parcel Number
9413-02-00100
Land Assessment
$432,377
Improvements Assessment
$669,638
Total Assessment
$1,102,015
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2527 N Frazier St
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