Mixed-Use Retail and Residential
For Sale
$1,100,000
613 615 & 617 Highway 75 N, Willis, TX 77378
Retail frontage is paired with multiple leased residential dwellings, creating a mixed-use configuration.
Property Size7,765 SF
Price / SF$141.66
Days on Market264
Property Features for 613 615 & 617 Highway 75 N
General Information
Standard status
Active
Size
7,765 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$5,395
Listing Agency:
Arrowstar Realty
(936) 672-2472
Listed By:
Robert Graham · License #466722
(936) 672-2087
Source:
Exprealty
Added: Jan 23
Changed: Oct 8
Last Checked: Oct 13 at 1:58AM
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 Arrowstar Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines retail-facing improvements with a residential component on 1.87 acres. The offering includes 7,765 square feet of property improvements, a house, three mobile homes, and an additional smaller home positioned behind the retail buildings. The layout separates the residential dwellings from the highway-facing commercial frontage.
Located at 613, 615 & 617 Highway 75 N in Willis, the property sits along Highway 75 with access to I-45 and Conroe a few minutes away. All residential homes are currently leased, providing an existing occupancy component alongside the retail frontage buildings.
Located at 613, 615 & 617 Highway 75 N in Willis, the property sits along Highway 75 with access to I-45 and Conroe a few minutes away. All residential homes are currently leased, providing an existing occupancy component alongside the retail frontage buildings.
Key Highlights
- 1.87‑acre mixed‑use property with retail frontage and residential dwellings
- Includes a house, three mobile homes, and one additional small home
- 7,765 square feet of property improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,587
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,740
$1.6M
Cap Rate 7%
$1,165,529
$1.2M
Cap Rate 9%
$906,522
$906.5K
Market Conditions
NOI Build-Up for 7,765 SF
Gross rent
$157.5K $20.28/SF
− Vacancy
−$9.1K −$1.18/SF
EGI
$148.3K $19.10/SF
− OpEx
−$66.8K −$8.60/SF
NOI
$81.6K $10.51/SF
Area
Montgomery County, TX
Vacancy
5.80%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,631,740
Cap Rate 7%
$1,165,529
Cap Rate 9%
$906,522
Alternative Uses
Best Use
Retail
$1.50M
$1.32M – $1.75M
NOI $105,290 @ 7.0% cap · market cap 9.57%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,587 @ 7.0% cap · market cap 7.42%
Theoretical Best
Specialty Retail
$1.96M
$1.72M – $2.29M
NOI $137,221 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 77378, TX
17,417
Population
6,503
Households
2.7
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
89.1 sq mi
ZIP Area
195
Density / Sq Mi
$68,595
Median Household Income
$38,221
Median Earnings
$1,408
Median Rent
$177,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail frontage is paired with multiple leased residential dwellings, creating a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 613 615 & 617 Highway 75 N Willis, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1.87‑acre mixed‑use property with retail frontage and residential dwellings; Includes a house, three mobile homes, and one additional small home; 7,765 square feet of property improvements
