2302 Main St, Waller, TX
Multi-purpose property in downtown Waller with immediate cash flow.
- Added:
- Sep 12, 2023
- Days on Market:
- 1001
- Last Refresh:
- May 20 at 8:28 pm
Property Features for 2302 Main St
General Information
- Standard status
- Active
- Size
- 11,250 SF
- Lot size
- 0.15 Acres
- Property subtype
- RETAIL
Listing agent Timothy J. Phelan License #0315435 (281) 723-9656
Listing office Waller County Land Company (281) 723-9656
Listing date Sep 12, 2023
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Waller County Land Company
HighLights
- Immediate cash flow from existing tenants (Gym, Hair Salon, and Gutter Company) occupying a majority of the 11,250 SF building.
- Significant potential for future development/expansion with 12,426 SF of additional land.
- Prime location in downtown Waller, near City Hall and City Park, benefiting from high visibility and community activity.
- Located in a high‑growth area attracting major commercial and residential developments.
- Excellent access to major highways (Hwy 290, Grand Parkway, FM 2920, and FM 362) providing easy access to the greater Houston area.
- Recently refurbished 11,250 SF building offering 3,800 SF of flexible space for lease or business operation.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.5k | $18.00 |
| − Vacancy | −$11.5k | −$1.03 |
| EGI | $191.0k | $16.97 |
| − OpEx | −$57.3k | −$5.09 |
| NOI | $133.7k | $11.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waller
- County
- Harris
- State
- Texas
- Longitude
- -95.923
- Latitude
- 30.057
