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Property profile & analytics
FOR SALE
Commercial real estate

2302 Main St Waller, TX 77484

11,500 SF 0.58 ac lot
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US83-3817369
Property summary
AI-generated overview

This exceptional 11,250 square foot multi-tenant storefront property at 2302 Main Street in Waller, Texas, presents a compelling investment opportunity. Located in downtown Waller, adjacent to city hall and the city park, this building boasts a prime location in a rapidly growing community. Constructed in 1935 and recently refurbished, the property currently enjoys 100% occupancy with three established tenants: a gym, a hair salon, and a gutter company. The landlord currently occupies 1,800 square feet on the north end of the building. Beyond the main building, the property includes nearly two full lots totaling 12,426 square feet, providing significant potential for future expansion or development. The strategic location offers easy access to major transportation arteries, including Highway 290, the Grand Parkway, FM 2920, and FM 362, ensuring convenient access to the greater Houston area. This property offers immediate cash flow for investors, while also providing space for a business owner to operate their own enterprise. The asking price is $2,475,000. The property's strong tenant base, prime location, and expansion potential make it an ideal investment in a thriving Texas market. The 77484 zip code further underscores the property's desirability.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 11,500 SF
Lot 0.58 ac (25,439 SF)
APN 854300-024-003-000
UPID US83-3817369
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
  • Bold Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$832k
Blend (final) Blend
$700k
Owner & transaction history
2302 Main Street LLC · 12 yrs held
2302 Main Street LLC
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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