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    22016 Eva St Montgomery, TX 77356
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    Property profile & analytics

    22016 Eva St Montgomery, TX 77356

    View on Map
    • Bars & Pubs
    • 2.66 lot acres
    Off-Market
    Property ID
    US83-2354414
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Montgomery Grove / Restaurant

    Property Details for 22016 Eva St

    Year built
    1977
    Lot size
    2.66 lot acres
    Property type
    Bars & Pubs
    Property subtype
    Pubs

    Description

    This exceptional Montgomery, TX hospitality property offers a unique investment opportunity. The 3,740 sq ft main building, fully renovated in 2023, is situated on a 2.66-acre lot with two additional buildings. Ideal for a restaurant, brewery, or entertainment venue, this Class B property boasts high visibility on Hwy 105, ensuring significant traffic. All furniture, fixtures, and kitchen equipment are included in the $1,599,000 asking price. Built in 1977, this mixed-use, retail property presents a turnkey operation in a rapidly growing area. The ample lot size allows for expansion or outdoor seating, enhancing its versatility and potential. Located in Montgomery County, TX, zip code 77356, this three-building complex offers a rare chance to acquire a well-established and profitable business in a thriving market. The property's prime location and recent renovations make it an attractive investment for discerning buyers seeking a high-return opportunity in the Texas hospitality sector.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.71188290976
    Latitude
    30.388324678464

    Comparable in this City

    • Contact for pricing
      5,580 SF

      Retail Building on Hwy 105

      5,580 SF retail building with additional acre.
      18413 State Highway 105 W, Montgomery, TX 77356
      View Details
    • $999,999

      Prime Corner Commercial Opportunity

      Corner lot with utilities, high visibility, and development potential.
      15201 Walden Rd, Montgomery, TX 77356
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      10,800 SF

      Montgomery Commercial Property on FM 2854

      10,800 SF commercial property with existing tenant income.
      20820 Fm 2854 Rd, Montgomery, TX 77356
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    • $718,740

      Unrestricted Land in Montgomery, Texas

      Prime land with high visibility and flexible use options.
      3ac Lone Star Pkwy, Montgomery, TX 77356
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    • Contact for pricing

      Prime Commercial Site Near Lake Conroe

      Highly visible commercial site at the entrance of Waterstone on Lake Conroe.
      101 Waterstone Dr, Montgomery, TX 77356
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,580 SF

      Retail Building on Hwy 105

      5,580 SF retail building with additional acre.
      18413 State Highway 105 W, Montgomery, TX 77356
      View Details
    • $999,999

      Prime Corner Commercial Opportunity

      Corner lot with utilities, high visibility, and development potential.
      15201 Walden Rd, Montgomery, TX 77356
      View Details
    • Contact for pricing
      10,800 SF

      Montgomery Commercial Property on FM 2854

      10,800 SF commercial property with existing tenant income.
      20820 Fm 2854 Rd, Montgomery, TX 77356
      View Details
    • $718,740

      Unrestricted Land in Montgomery, Texas

      Prime land with high visibility and flexible use options.
      3ac Lone Star Pkwy, Montgomery, TX 77356
      View Details
    • Contact for pricing

      Prime Commercial Site Near Lake Conroe

      Highly visible commercial site at the entrance of Waterstone on Lake Conroe.
      101 Waterstone Dr, Montgomery, TX 77356
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Move-in Ready Retail/Restaurant Space

      Two spaces for lease with excellent location and visibility.
      16145 State Highway 105 W, Montgomery, TX 77356
      View Details
    • Contact for pricing

      Retail Space on Highway 105

      Retail space with high visibility and traffic on Highway 105.
      18441 State Highway 105 W, Montgomery, TX 77356
      View Details
    • Contact for pricing

      Downtown Montgomery Office and Retail

      Premier office and retail property in historic downtown Montgomery.
      21105 Eva St, Montgomery, TX 77356
      View Details
    • Contact for pricing

      Commercial Suites in Montgomery, Texas

      Shopping center with office and retail suites for lease.
      16955 Walden Rd, Montgomery, TX 77356
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space available in a busy shopping center.
      17128 Walden Rd, Montgomery, TX 77356
      View Details
    • Contact for pricing

      New Construction Office/Retail Building

      New construction office/retail building with spaces from 1200 SF.
      15325 Summit Park Dr, Montgomery, TX 77356
      View Details
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    Montgomery, TX 77356
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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