100 Vision Park Blvd Shenandoah, TX 77384-3000
Property profile & analytics
100 Vision Park Blvd Shenandoah, TX 77384-3000
- Commercial real estate
- 13,764 SF
- 1.65 lot acres
Property ID
US83-2386073
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 100 Vision Park Blvd
- Year built
- 2007
- Lot size
- 1.65 lot acres
- Property size
- 13,764 SF
- Property type
- Commercial real estate
- APN
- 9446-55-00400
- APU
- 94465500400
Description
This exceptional investment opportunity presents a 13,993-square-foot freestanding retail building in Shenandoah, Texas, leased to Mattress Firm, Inc. The property boasts a strong Absolute NNN lease with a corporate guarantee from Mattress Holding Corp, ensuring minimal landlord responsibilities. The lease, originally executed in 2015, has a remaining term of 7.1 years, with three five-year renewal options. Rent increases by 12% every five years, providing consistent income growth. Located on 1.65 acres, the single-story, Class B building enjoys high visibility from I-45, a major thoroughfare with approximately 208,000 vehicles daily. The property benefits from excellent access via Vision Park Blvd and the North Freeway Service Road. Built in 2007, this asset offers a compelling 5.36% cap rate and a substantial net operating income (NOI) of $332,613. Situated in the affluent Houston-The Woodlands-Sugar Land MSA, the property is strategically positioned near major corporate campuses, including Chevron, Phillips 66, McKesson Corporation, and the Exxon Mobil campus. The property's location within a high-income community and its strong lease terms make it an attractive investment for those seeking stable, long-term returns. The asking price is $6,200,000, representing a price per square foot of $443.08. This is a 1031 exchange eligible property.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,375,000
- 6.5%
- $2,190,000
- 7%
- $2,035,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Shenandoah
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4548
- Latitude
- 30.1918
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$67,403
$1,436,780
$3,063,220
$4,500,000
-
$1,436,780
$3,063,220
$4,500,000
