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    300 Main St Highlands, TX 77562
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    Property profile & analytics

    300 Main St, Highlands, TX 77562

    View on Map
    • Strip malls
    • 38,095 SF
    • 4.59 lot acres
    Off-Market
    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.
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Bourre Cafe / Restaurant
    • ATM / Atm

    Property Details for 300 Main St

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    4.59 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    572680290008
    APU
    572680290008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Gerlands Food Fair LLC — Deed Of Trust · related —

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $709,000
      Market price range: $710k - $1.47M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,075,000
      Current use

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

    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 by Request
      4,863 SF

      505 Main St

      SHOPPING CENTER, STRIP CENTER
      505 Main St, Highlands, TX 77562-2862
      View Details
    • Value Estimation by Request
      1,544 SF

      126 Main St

      RETAIL STORES (PERSONAL SERVICES)
      126 Main St, Highlands, TX 77562-3806
      View Details
    • Value Estimation
      $565,000
      3,100 SF

      347 Main St

      RETAIL STORES (PERSONAL SERVICES)
      347 Main St, Highlands, TX 77562-3813
      View Details
    • Value Estimation by Request
      2,432 SF

      219 Main St

      RETAIL STORES (PERSONAL SERVICES)
      219 Main St, Highlands, TX 77562-3811
      View Details
    • Value Estimation by Request
      1,404 SF

      3224 Barbers Hl Rd

      RESTAURANT
      3224 Barbers Hl Rd, Highlands, TX 77562-2343
      View Details
    • Value Estimation by Request
      2,595 SF

      605 Main St

      CAR WASH - SELF-SERVE
      605 Main St, Highlands, TX 77562
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,848 SF

      Highlands Commercial Property with Drive-Through

      Three-property deal: building, parking lot, and vacant lot.
      217 N Main St, Highlands, TX 77562
      View Details
    • Contact for pricing
      5,082 SF

      Mixed-Use Property in Highlands, TX

      Income-generating property with laundromat, office space, RVs, truck yard.
      501 Main St, Highlands, TX 77562
      View Details
    • Contact for pricing
      2,172 SF

      Highlands Restaurant Property For Sale

      Restaurant property in Highlands with frontage on S Main St.
      1401 S Main St, Highlands, TX 77562
      View Details
    • $239,900

      Unrestricted Land for Dream Home

      4.6-acre land parcel suitable for a home or mini-ranch.
      3306 Barbers Hill Rd, Highlands, TX 77562
      View Details
    • Contact for pricing

      Expansive Land with Dual Access

      Over 10 acres in Highlands, TX with development potential.
      2222 N Main St, Highlands, TX 77562
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr

      Retail Space in Highlands, Texas

      3,323 SF retail space available for lease.
      302 North Main St, Highlands, TX 77562
      View Details
    • Contact for pricing
      19,500 SF

      Fenced Highlands Property with Warehouses

      19,500 SF property on 2.7 acres for lease.
      1105 N Main St, Highlands, TX 77562
      View Details
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    300 Main St
    Highlands, TX 77562
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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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    300 Main St, Highlands, TX, 77562
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