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    1220 Broadway St La Porte, TX 77571

    For Sale
    $550,000

    High-Yield Retail Property, Texas

    Property size:
    8,017 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a 100% occupied, net-leased convenience store in La Porte, Texas. Located at 1220 S Broadway St, 77571, this Class C retail property boasts 8,017 square feet on a 0.53-acre lot, zoned for commercial use. Built in 1974, the building generates a substantial net operating income (NOI) of $54,000 annually, translating to a compelling 9.82% capitalization rate. The asking price is $550,000, representing a price per square foot of $68.60. The property benefits from a strong tenant occupancy, with all utilities covered by the tenant, ensuring a consistent and reliable income stream. This presents a rare chance to acquire a well-established, cash-flowing retail asset in a desirable location within Harris County. The property's strong performance metrics and stable tenancy make it an attractive addition to any investment portfolio. The convenient location and consistent rental income of $4,500 per month offer significant potential for long-term growth and return on investment. This is a turnkey opportunity for investors seeking a stable and profitable commercial property.

    Property Features for 1220 Broadway St

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,017 SF
    Class
    C
    Lot Size
    23,087 SF

    Building Details

    Year Built
    1974

    HighLights

    • $550,000 asking price for a net‑leased convenience store.
    • 8,017 square foot retail building in La Porte, Texas.
    • 9.82% cap rate with a $54,000 net operating income (NOI).
    • 100% occupancy, generating $4,500 monthly rent; tenant pays all utilities.
    • Located on a 0.53‑acre lot at 1220 S Broadway St, La Porte, TX 77571.
    • Class C building, built in 1974, with commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Law Firm Restaurant Clothing Store Grocery Store Building Supply Department Store Hotel & Motel Wholesale Shop Auto Repair Shop Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.0189972
    Latitude
    29.6504044

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property, Texas
    Where is this individual retail property located?
    The property is located at 1220 Broadway St La Porte, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price for a net-leased convenience store.; 8,017 square foot retail building in La Porte, Texas.; 9.82% cap rate with a $54,000 net operating income (NOI).
    Request Owner's contact information
    1220 Broadway St La Porte, TX 77571
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    La Porte, TX 77571
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1220 Broadway St La Porte, TX 77571
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