Back to Search
Property profile & analytics
OFF-MARKET
Commercial land
715 Main St 2 Highlands, TX 77562-4233
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US82-2401135
Property summary
AI-generated overview
This exceptional retail space, located at 715 S Main St, Highlands, TX 77562 (Harris County), offers 2,500 square feet of brand-new construction in a 7,500 square foot building. Part of a multi-tenant retail center, this space is ideally situated just north of I-10 on a high-traffic section of Main Street, surrounded by thriving residential and commercial areas. The property boasts ample parking for customers and employees. The space is one of two suites within the building, each offering approximately 2,500 square feet. Built in 2024, this property presents a unique opportunity for businesses seeking a modern, well-located space. The asking rent is $24.00 per square foot per year, plus NNN charges. A tenant improvement allowance is available and negotiable. The cross street is Jones Rd. This property is perfect for a variety of retail or restaurant uses. Don't miss this chance to establish your business in this vibrant community.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1945
Construction
WOOD FRAME
Total area
1,560 SF
Lot
0.34 ac (15,002 SF)
APN
591400050004
UPID
US82-2401135
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
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
Ak3 Business LLC · 9 yrs held
Ak3 Business LLC
since 2017
2 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 2022Property tax & assessments
Tax year 2022
Tax billed
$348
Tax year 2022
Assessed value
$90,000
Assessed 2024
Previous assessed
$60,000
+50.0% YoY
Effective rate
0.39%
On assessed value
Assessed land
$90,000
Land market value
$90,000
Total market value
$90,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1945
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
1,560 SF
Lot
0.34 ac (15,002 SF)
APN
591400050004
UPID
US82-2401135
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
1945
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Ak3 Business LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1011 BAINBRIDGE DR, SUGAR LAND, TX 77479-2690
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2017
—
Ak3 Business LLC
C & V Investments LLC
Warranty Deed
related
—
Jun 17, 2016
—
C & V Investments LLC
Van Nguyen,vinh
Quit Claim 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 715 Main St, Unit 2?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
