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Property profile & analytics
OFF-MARKET
Strip malls
505 Main St Highlands, TX 77562-2862
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3339744
Property summary
AI-generated overview
This 1,000 square foot office space is immediately available in a renovated building at 505 N Main St, Highlands, TX 77562. Located in Harris County, this single-story, Class B building offers a total of 4,860 square feet across four suites. The available space is part of a multi-tenant building, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 1,000 square feet. Built in 1980 and extensively renovated in 2021, the property sits on a 0.38-acre lot and includes 20 parking spaces. The building does not have elevators. Utilities include water, trash, and landscaping, costing tenants $135 per month. The property enjoys a highly visible location on N Main St/FM 2100, offering convenient access to I-10 (approximately 5 minutes away). Year-to-year lease terms are available, and rental abatement is negotiable. There is no additional signage rent.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1980
Construction
BRICK
Total area
4,863 SF
Lot
0.37 ac (15,960 SF)
APN
731170010010
UPID
US82-3339744
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
-
Highland Family Clinic Medical Clinic
-
DREAM SMOKE & MORE (Bike/Boat/Book/etc) Store
-
De' Castillo Michelada Mix Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thu Nguyen-bowe · 6 yrs held
Thu Nguyen-bowe
since 2020
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Highlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highlands submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$1,455
Tax year 2020
Assessed value
$399,792
Assessed 2024
Previous assessed
$387,155
+3.3% YoY
Effective rate
0.36%
On assessed value
Assessed land
$95,760
Assessed improvement
$304,032
Land market value
$95,760
Improvement market value
$304,032
Total market value
$399,792
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Construction
BRICK
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,863 SF
Lot
0.37 ac (15,960 SF)
APN
731170010010
UPID
US82-3339744
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Thu Nguyen-bowe
Individual
Mailing address
7544 W FM 1960TH RD E STE #113, HUMBLE, TX 77346-3127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2020
—
Thu Nguyen-bowe
Deal Kings Investments LLC
Warranty Deed
$25,000 · Deal Kings Investments LLC
Aug 2, 2019
—
Deal Kings Investments LLC
Im,kagna
Warranty Deed
related
—
Mar 17, 2016
—
Kagna Im
Veth,daniel R
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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