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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Grocery and convenience stores
206 Hwy 332nd E Lake Jackson, TX 77566-5666
Entity Owned
1-yr Hold
Free & Clear
Property ID
US82-2448254
Property summary
AI-generated overview
This exceptional retail property, located at 206 E Highway 332 in Lake Jackson, Texas, presents a fantastic opportunity for a single-tenant business. Boasting a total of 4,362 square feet of space, the entire building is currently vacant and ready for immediate occupancy. Situated on a 0.1-acre lot, this property offers excellent visibility and accessibility from Highway 332, ensuring high traffic and exposure for your business. The property is classified as Commercial Retail in Brazoria County, making it ideal for a variety of retail ventures. The convenient location in Lake Jackson, Texas, zip code 77566, provides easy access for customers and employees. The building's single-tenant occupancy ensures complete control and customization of the space to perfectly suit your business needs. This is a rare opportunity to secure a substantial retail space in a desirable location. The property's size and location make it an attractive option for businesses seeking high visibility and ample space to operate. Don't miss out on this chance to establish your business in a thriving community. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1997
Total area
23,500 SF
Lot
1.93 ac (84,216 SF)
APN
7133-0005-130
UPID
US82-2448254
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
$3.08M
Blend (final)
Blend
$2.98M
Owner & transaction history
Irfgst Lake Jackson LLC · 1 yrs held
Irfgst Lake Jackson LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+63.5%
Auto repair, garage
$3.1M
+55.9%
Office building
$3.0M
+52.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lake Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Jackson submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,995,000
Current use
RESTAURANT
$3,260,000
Change: +63% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,105,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$3,030,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$2,110,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,890,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$127 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2018Property tax & assessments
Tax year 2018
Tax billed
$82,352
Tax year 2018
Assessed value
$4,648,700
Assessed 2023
Previous assessed
$3,731,480
+24.6% YoY
Effective rate
1.77%
On assessed value
Assessed land
$875,850
Assessed improvement
$3,772,850
Land market value
$875,850
Improvement market value
$3,772,850
Total market value
$4,648,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1997
Heating
PACKAGE
Cooling
CENTRAL
Rooms
20
Total area
23,500 SF
Lot
1.93 ac (84,216 SF)
APN
7133-0005-130
UPID
US82-2448254
Jurisdiction
BRAZORIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.9M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
PACKAGE
Cooling
Yes
Rooms
20
Lot
1.93 ac
Current owner
From public records · entity-resolved
Irfgst Lake Jackson LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 460049, HOUSTON, TX 77056-8049
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Irfgst Lake Jackson LLC
Irfgst Fredericksburg LLC
Special Warranty Deed
—
Sep 26, 2016
—
150 Spear Street Associates LP
Bk This Way Ltd
Grant Deed
—
Sep 19, 2014
—
Bk This Way Ltd
Trenton LP
Grant Deed
related
$1,250,000 · Amegy Bk
Sep 17, 2014
—
Trenton LP
Jn-1 Properties LLC
Grant Deed
related
—
Feb 14, 2014
—
Trenton LP
Jn-1 Properties LLC
Quit Claim Deed
related
—
Sep 12, 2006
—
Trenton
Wanamaker Ljom
Grant Deed
$2,000,000 · Barclays Cap R/e
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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