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Property profile & analytics
OFF-MARKET Estimated value $1,045,000
Turn key restaurants

19786 Hwy 105th W Montgomery, TX 77356-5632

22,125 SF 2.35 ac lot Built 2005
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US83-2446870
Property summary
AI-generated overview

The Colonnade on Lake Conroe, located at 19786 Hwy 105 W in Montgomery, Texas 77356, presents a unique opportunity for retail businesses. This Class C retail center, built in 2005, boasts a total of 27,125 square feet across two buildings, situated on a 2.25-acre lot. The property features seven suites, with two spaces currently available, ranging from 1,875 to 3,000 square feet. Its zoning designation is 3. The center enjoys a high-profile location, benefiting from an average daily vehicle count exceeding 25,000, indicative of a strong and growing market. A significant advantage is the presence of a steady anchor tenant, the Magnolia Diner, contributing to consistent foot traffic and visibility. This makes The Colonnade an ideal location for businesses seeking high exposure and a thriving customer base. The property's multiple tenancy structure offers flexibility for various retail, restaurant, or office uses. This is a prime opportunity to establish or expand a business in a dynamic and rapidly developing area of Montgomery, Texas. The property's location offers excellent accessibility and visibility along Hwy 105 W.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction FRAME
Total area 22,125 SF
Lot 2.35 ac (102,453 SF)
Zoning code 3
APN 9492-00-01200
UPID US83-2446870
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.45M
Blend (final) Blend
$1.05M
Owner & transaction history
Ala Education Fund Ltd · 10 yrs held
Ala Education Fund Ltd
since 2016
7 recorded transactions
2017
Price N/A
2016
Price N/A
2010
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
3 · Montgomery, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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