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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

23430 Fm 1314 Rd Porter, TX 77365

5,000 SF 2.92 ac lot Built 1983
Individually Owned 7-yr Hold
Property ID
US83-2476986
Property summary
AI-generated overview

This exceptional retail property in Porter, Texas, presents a lucrative investment opportunity. Encompassing 5,000 square feet across two single-story buildings on a 2.92-acre lot, this complex boasts a diverse range of established businesses including a restaurant, meat market, laundromat, and money transfer service. Built in 1983, the property enjoys high visibility and accessibility due to its location near major highways 59 and 99, and its over 210 feet of frontage on FM 1314 Road. Situated in a rapidly growing area near the Valley Ranch development, this property benefits from high traffic volume. The property is not located in a flood zone, offering additional peace of mind. The asking price is $1,990,000, and owner financing is available. This turnkey operation offers substantial growth potential in a prime location. The property's diverse tenant mix and strategic location make it an ideal investment for those seeking a strong return on investment. Serious inquiries are encouraged.

Property profile
Verified
Property type Grocery and convenience stores
Year built 1983
Total area 5,000 SF
Lot 2.92 ac (127,195 SF)
UPID US83-2476986
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
  • Closed for over 3 years Big Box & Wholesale Store Distribution Center
  • El Taquito Kitchen Restaurant Take-out & Catering
  • La Casa Del Postre Bakery Take-out & Catering
  • Western Union Bank Credit Union
  • MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Carlos R Ruiz · 7 yrs held
Carlos R Ruiz
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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