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Property profile & analytics
OFF-MARKET
Retail space

118 Parsons St B Manor, TX 78653-5153

4,180 SF 0.1 ac lot Built 1900
Individually Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-1505864
Property summary
AI-generated overview

Prime opportunity to acquire a thriving, turnkey sports bar in Manor, Texas. Located at 118 E Parsons St, this established business enjoys a strong customer base and positive cash flow. The 4,500-5,500 square foot, two-story building, situated on a 4,312 square foot lot, underwent a complete renovation in 2020. The property features custom artwork, a high-quality sound system, and multiple screens ideal for showcasing sporting events, creating an inviting atmosphere for patrons. The business operates under a triple net (NNN) lease with a remaining term of approximately 2.9 years (commencing October 30, 2024, and expiring October 31, 2027). The lease is for a single unit within a C-1 Light Commercial zoned property, offering ample parking with 25 spaces available. Built in 1900, this well-maintained establishment is ready for immediate operation, presenting a seamless transition for a new owner. No rent bumps are included in the lease agreement. The asking price is $225,000. This represents a unique opportunity to own a successful business in a rapidly developing area of Manor, Texas.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction CONCRETE
Total area 4,180 SF
Lot 0.1 ac (4,312 SF)
APN 235623606
UPID US82-1505864
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Alejandro Ramos · 16 yrs held
Alejandro Ramos
since 2009
2 recorded transactions
2009
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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