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    12335 Fm 1097 Willis, TX 77318
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    12335 Fm 1097, Willis, TX 77318

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    • Lifestyle centers
    • 11,937 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 12335 Fm 1097

    Year built
    2020
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents a fully leased, Class B shopping center totaling 11,937 square feet, situated at 12335 FM 1097 in Willis, Texas, zip code 77318, within Montgomery County. Built in 2020, the property boasts a 100% occupancy rate with a modified lease structure across multiple tenants. The asking price is $3,900,000, translating to $326.72 per square foot. The center features a unique hybrid retail/industrial design, incorporating three retail spaces at the front and three warehouse bays at the rear, catering to a diverse tenant mix. Its prime location offers convenient access to Interstate 45 and the popular Lake Conroe, benefiting from the area's rapid growth and numerous nearby dining establishments. An added advantage is the availability of spare land, presenting potential for future development, such as a food truck park, to generate additional income streams. This property represents a compelling investment in a thriving Texas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5442
    Latitude
    30.4267

    Comparable in this City

    • Value Estimation by Request
      6,623 SF

      9375 Fm 1097

      Lifestyle centers
      9375 Fm 1097, Willis, TX 77318
      View Details
    • Value Estimation by Request
      12,000 SF

      I-45 & Fm 1097.

      Individual retail properties
      I-45 & Fm 1097., Willis, TX 77318
      View Details
    • Value Estimation by Request
      3,480 SF

      12726 Moon Rd

      Office Units
      12726 Moon Rd, Willis, TX 77318
      View Details
    • Value Estimation by Request
      6,960 SF

      13185 Fm 1097th W Rd

      RETAIL STORES (PERSONAL SERVICES)
      13185 Fm 1097th W Rd, Willis, TX 77318-4989
      View Details
    • Value Estimation by Request
      11,903 SF

      9994 Fm 1097th W Rd

      RETAIL STORES (PERSONAL SERVICES)
      9994 Fm 1097th W Rd, Willis, TX 77318-4902
      View Details
    • Value Estimation by Request
      4,375 SF

      11535 Fm 830th Rd

      AUTO REPAIR, GARAGE
      11535 Fm 830th Rd, Willis, TX 77318-5555
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease at a busy intersection.
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      1,200 SF

      Retail Space Ready For Occupancy

      Second generation retail space in high growth market.
      9571 Fm 1097 Rd, Willis, TX 77318
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      Versatile Property Near I-45

      Office, warehouse, and land for lease near I-45.
      12071 Old Montgomery Rd, Willis, TX 77318
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      20,000 SF

      Flex Space Near I-45

      Flex space for rent near I-45 in Willis, TX.
      12110 Old Montgomery Rd, Willis, TX 77318
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    Willis, TX 77318
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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