201 Velasco St, Unit 288B Angleton, TX 77515-4438
Property profile & analytics
201 Velasco St, Unit 288B, Angleton, TX 77515-4438
- Investment properties
- 19,382 SF
- 0.33 lot acres
Property ID
US82-4144027
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
- Stroud Randy L / Land Surveyor
Property Details for 201 Velasco St
- Year built
- 1955
- Construction
- WOOD FRAME
- Lot size
- 0.33 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 1310-0046-000
- APU
- 13100046000
Description
This exceptional 19,451-square-foot shopping center, located at 201 N Velasco St in Angleton, Texas (77515), presents a compelling investment opportunity. The property, built in 1955, sits on a 0.56-acre lot and boasts a remarkable 98.59% occupancy rate across its 26 tenants. Its prime location at a signalized intersection offers excellent visibility and accessibility. The center is conveniently situated within walking distance of the Brazoria County Court House and the Angleton Chamber of Commerce, ensuring high foot traffic and a strong tenant base. The property features short-term gross leases, providing potential for future rental rate increases and upside. The consistent high occupancy rate (over 90% for more than a decade) demonstrates the property's enduring appeal and strong cash flow. This retail and professional property is offered at a price significantly below replacement cost, making it an attractive investment with substantial potential for return. The property includes ample parking. The property type is retail, specifically a shopping center, with multi-tenancy.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,665,000
- 6.5%
- $2,460,000
- 7%
- $2,285,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Angleton
- County
- Brazoria
- State
- Texas
- Longitude
- -95.4321
- Latitude
- 29.1658
- 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
2018
$0.00
$83,950
$620,000
$703,950
-
$83,950
$620,000
$703,950
