501 Main St Highlands, TX 77562
Property profile & analytics
501 Main St Highlands, TX 77562
- Retail space
- 4,126 SF
- 0.21 lot acres
Property ID
US82-3658567
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.
Location Intelligence
Current Use by Public Records
- Big Lake Logistics Inc / Trucking Company
- 501 Washateria / (Bike/Boat/Book/etc) Store
- On Top Tax Services / Tax Preparation
- Cardtronics ATM / Atm
Property Details for 501 Main St
- Year built
- 1972
- Construction
- METAL FRAME
- Lot size
- 0.21 lot acres
- Property size
- 4,126 SF
- Property type
- Retail space
- APN
- 591400070007
- APU
- 591400070007
Description
This exceptional investment opportunity presents a 5,657 square foot mixed-use property located at 501 S. Main Street, Highlands, Texas 77562. The property boasts a strong 9.06% cap rate, generating a substantial net operating income (NOI) of $253,560 annually. Currently operating at 100% occupancy with ten diverse tenants, this two-story building offers a secure and diversified income stream. The property includes nine individual units, a mix of office space, retail, and a successful laundry business featuring state-of-the-art Swiss washing machines. Additional features include 35 parking spaces and a truck yard currently leased to a trucking company (small trailers included in the sale). The property sits on a sizable lot with an RV site at the rear. Conveniently located just minutes from I-10, this property benefits from low tax rates within the unincorporated area of Highlands, Harris County. The asking price is $2,800,000, translating to $494.96 per square foot. This is a gross lease property with no tenant credit rating information available. The property is classified as Class C and is offered as a net lease investment. This is a rare opportunity to acquire a well-established, high-performing multi-tenant property with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $815,000
- 6.5%
- $755,000
- 7%
- $700,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $650,000
Market price range: $277k - $752k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $485,000 Current use
- COMMERCIAL (GENERAL)
- $670,000 Change: +39% Conversion: Easy
- OFFICE BUILDING
- $590,000 Change: +22% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Highlands
- County
- Harris
- State
- Texas
- Longitude
- -95.0566
- Latitude
- 29.81
- 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
$2,730
$54,000
$409,352
$463,352
-
$54,000
$409,352
$463,352
