Newly Built Retail
For Sale
Contact for pricing
2527 N Frazier St, Conroe, TX 77303
Recently completed retail space with two five-year leases and full occupancy in Conroe.
Property Size8,300 SF
Price / SF$421.69
Days on Market198
Property Features for 2527 N Frazier St
General Information
Standard status
Active
Size
8,300 SF
Property subtype
RETAIL
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
HomeSmart
(713) 785-6666
Listed By:
Timothy O'Neill
(713) 289-0499
Source:
Moodyscre
Added: Apr 2
Changed: Oct 14
Last Checked: Oct 15 at 2:39AM
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 HomeSmart
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Investment Insights
Based on property information with market context.
This 8,300-square-foot retail property at 2527 N Frazier St in Conroe features newly completed construction and is fully occupied under two five-year leases. The property is positioned along N. Frazier near FM 3083, providing a visible retail setting.
Key Highlights
- 8,300 square feet of retail space
- Newly completed construction
- Two 5‑year leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,545
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,900
$2.3M
Cap Rate 7%
$1,607,786
$1.6M
Cap Rate 9%
$1,250,500
$1.3M
Market Conditions
NOI Build-Up for 8,300 SF
Gross rent
$170.3K $20.52/SF
− Vacancy
−$9.5K −$1.15/SF
EGI
$160.8K $19.37/SF
− OpEx
−$48.2K −$5.81/SF
NOI
$112.5K $13.56/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,900
Cap Rate 7%
$1,607,786
Cap Rate 9%
$1,250,500
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,545 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.10M
$1.83M – $2.44M
NOI $146,675 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
371k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Dining 37%
Shops & Services 21%
Electronics 2%
T.J. Maxx
Apparel
46,891 visits/mo
0.3 miles
Five Below
Shops & Services
40,958 visits/mo
0.3 miles
Cavender's Boot City
Apparel
33,618 visits/mo
0.3 miles
Ross Dress for Less
Apparel
33,190 visits/mo
0.3 miles
Gringo's Mexican Kitchen
Dining
32,397 visits/mo
0.2 miles
Demographics for 77303, TX
20,974
Population
9,516
Households
2.2
Avg Household Size
36
Median Age
14%
College-Educated
84%
High-School Grad
60.9 sq mi
ZIP Area
344
Density / Sq Mi
$72,827
Median Household Income
$42,956
Median Earnings
$1,157
Median Rent
$232,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Recently completed retail space with two five-year leases and full occupancy in Conroe.
Where is this retail space located?
The property is located at 2527 N Frazier St Conroe, TX.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 8,300 square feet of retail space; Newly completed construction; Two 5‑year leases in place
