Technical
Financial
Distress signals
Property profile

202 Frazier St Conroe, TX 77301

OFF-MARKET
Warehouses
Property ID
US83-2254603
6,000 SF 0.41 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 18,643-square-foot retail property, located at 202 N Frazier St in Conroe, Texas, presents a compelling investment opportunity. Situated on a 0.428-acre corner lot, this freestanding building boasts excellent visibility and high traffic counts due to its prime downtown location. The property includes 40 parking spaces and a pylon sign, enhancing its appeal and accessibility. Fully renovated in 2024, the building is move-in ready and features a metal building component of 6,960 square feet, a showroom/office area of 2,000 square feet, and a warehouse/storage space of 3,960 square feet. A 1,000-square-foot section is currently leased to a phone company. The property benefits from easy access to I-45 and Hwy 105, making it highly convenient for customers and employees. Designated as an Opportunity Zone, this property offers significant tax advantages. With approximately 52 feet of frontage on Frazier Street, this location is ideal for a variety of retail, showroom, or warehouse/storage uses. The asking price is $1.8 million, or $96.55 per square foot. The property is outside the floodplain, adding to its desirability.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1972
Total area 6,000 SF
Lot 0.41 ac (18,034 SF)
Zoning code 1
APN 8500-00-04320
UPID US83-2254603

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store
  • Home Appliance Store

Location

202 Frazier St Conroe, TX 77301-2829
Conroe metro Census 693401 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2007
Price N/A

Zoning & alternative use

1 · Conroe, TX

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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