Mixed-Use Property with Retail
For Sale
$1,100,000
613 615 & 617 N Highway 75, Willis, TX 77378
Retail buildings and four residential improvements create a multi-component property with existing leases across the site.
Property Size7,765 SF
Lot Size1.87 Acres
Price / SF$141.66
Days on Market265
Property Features for 613 615 & 617 N Highway 75
General Information
Standard status
Active
Size
7,765 SF
Lot size
1.87 Acres
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,395
Amenities
Yes
Washer Hookup,Dryer Hookup
Appraiser
Cleared
81631
Survey
7765
Building Details
Building Size
7,765 SF
Year Built
1961
Stories
1
Tenancy
Multi
Listing Agency:
eXp Realty LLC
(936) 856-5590
Listed By:
Sarah Conway · License #0508528
(936) 494-9999
Source:
Garygreene
Added: Jan 23
Changed: Oct 13
Last Checked: Oct 14 at 9:08PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines retail frontage buildings with four residential improvements on 1.87 acres. The residential component includes a house, three mobile homes, and one additional small home, while the retail structures face N Highway 75. The property totals 7,765 square feet and was built in 1961.
Located in Willis along Highway 75, the site is near I-45 and Conroe. All residential homes are currently leased, providing an existing occupancy component alongside the retail improvements. The address includes 613, 615 & 617 N Highway 75.
Located in Willis along Highway 75, the site is near I-45 and Conroe. All residential homes are currently leased, providing an existing occupancy component alongside the retail improvements. The address includes 613, 615 & 617 N Highway 75.
Key Highlights
- 1.87‑acre mixed‑use property in Willis
- 7,765 square feet of total property size
- Retail frontage buildings positioned along Highway 75
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
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
31
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail buildings and four residential improvements create a multi-component property with existing leases across the site.
Where is this mixed-use property located?
The property is located at 613 615 & 617 N Highway 75 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 in Willis; 7,765 square feet of total property size; Retail frontage buildings positioned along Highway 75
