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    Property profile & analytics

    300 Main St Highlands, TX 77562

    • Strip malls
    • 38,095 SF
    • 4.59 lot acres
    OFF-MARKET
    Value Estimation
    $760,000
    Location Intelligence
    Property ID
    US82-2038065
    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.

    Current Use by Public Records

    • The Bourre Cafe / Seafood Restaurant
    • ATM / Atm

    Property Details for 300 Main St

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    4.59 lot acres
    Property size
    38,095 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    572680290008
    APU
    572680290008

    Description

    This exceptional investment opportunity presents a thriving Italian restaurant in Highland, TX. The property, located at 300 S Main St, 77562, boasts 2,400 square feet on a 0.23-acre lot with 34 parking spaces. The single-tenant building, constructed in 1970 and renovated in 2001 and 2019, is currently operating at 100% occupancy under a net lease with a remaining term of 7.2 years (5-year lease with two 5-year options commencing February 1, 2024 and expiring February 1, 2032). The property offers a strong net operating income (NOI) of $78,600, resulting in an attractive 8.73% cap rate. This well-maintained, one-story building benefits from its prime location in a vibrant and growing community, ensuring high visibility and consistent customer traffic. The restaurant's established reputation and loyal customer base provide a secure and profitable investment opportunity, with the potential for long-term growth and lease extension. This turnkey operation offers a compelling blend of immediate income and future potential, making it an ideal addition to any investment portfolio. The property's strong financials, coupled with its desirable location and recent renovations, make this a truly exceptional investment opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $745,000
      6.5%
      $805,000
      7%
      $870,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $860,000
      Geo Method
      $710,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $770,000
      Mixed-Use
      $815,000
      Hospitality
      $895,000
      Educational
      $795,000
      Residential Income
      $885,000
      Energy
      $980,000
      Income-Based Land
      $955,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Highlands
    County
    Harris
    State
    Texas
    Longitude
    -95.0581
    Latitude
    29.8196
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,803
    $1,200,216
    $1,932,081
    $3,132,297
    -
    $1,200,216
    $1,932,081
    $3,132,297

    Comparable in this City

    • Value Estimation
      $420,000
      4,863 SF

      505 Main St

      SHOPPING CENTER, STRIP CENTER • 4,863 SF
      505 Main St, Highlands, TX 77562-2862
      View Details
    • Value Estimation by Request
      432 SF

      302 Bluebell St

      RETAIL STORES (PERSONAL SERVICES) • 432 SF
      302 Bluebell St, Highlands, TX 77562-2606
      View Details
    • Value Estimation by Request
      1,200 SF

      201 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      201 Main St, Highlands, TX 77562-3807
      View Details
    • Value Estimation by Request
      1,440 SF

      201 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      201 Main St, Highlands, TX 77562-3811
      View Details
    • Value Estimation by Request
      2.16 Acres

      Wallisville Rd

      Automotive properties • 2.16 Acres
      0 Wallisville Rd, Highlands, TX 77562
      View Details
    • Value Estimation by Request
      2,016 SF

      3703 Fig Orch Rd

      NURSERY, GREENHOUSE, FLORIST • 2,016 SF
      3703 Fig Orch Rd, Highlands, TX 77562-3325
      View Details

    Similar Nearby for Sale

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    • $2,250,000
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      Highlands Restaurant Property For Sale

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      Highlands Warehouse: Owner Financing Available

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Highlands Office Space Available

      1,000 SF Office, Updated 2021
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    • $1,700,000
      12,566 SF

      Office Warehouse Facility on Jones

      Office warehouse facility featuring renovated office and warehouse space.
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      View Details
    • $16,975 /Mo
      19,000 SF

      Fenced Highlands Property with Warehouses

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      View Details
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    300 Main St
    Highlands, TX 77562
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    Realmo Value Estimation

    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.

    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.

    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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