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Shops at Conroe 3846 W Davis St 9,500 SF 100% Leased Retail Building Conroe, TX 77304 $3,900,000 ($410.53/SF) 7.02% Cap Rate
Investment Highlights
- Located in a high-growth area within the Houston MSA, offering excellent visibility and access to a rapidly expanding customer base
- Convenient access to nearby schools, shopping centers, and employment centers
- Surrounded by established neighborhoods and newly built homes, driving consumer demand
- Excellent visibility and accessibility along a key commercial corridor in West Conroe
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,500 SF
Building Class
C
Year Built
2015
Price
$3,900,000
Price Per SF
$410.53
Cap Rate
7.02%
NOI
$273,832
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
2.32 AC
Zoning
None
Parking
52 Spaces (5.47 Spaces per 1,000 SF Leased)
Frontage
162’ on W Davis St
Nearby Major Retailers
Property Taxes
| Parcel Number | 5158-00-00300 | Improvements Assessment | $2,367,509 |
| Land Assessment | $632,491 | Total Assessment | $3,000,000 |
Property Taxes
Parcel Number
5158-00-00300
Land Assessment
$632,491
Improvements Assessment
$2,367,509
Total Assessment
$3,000,000
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Shops at Conroe | 3846 W Davis St
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