Property profile

824 Adoue St Alvin, TX 77511

OFF-MARKET
Strip malls
Property ID
US82-5225082
5,824 SF 1.96 ac lot Built 2020
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 824 E Adoue St in Alvin, Texas, presents a unique investment opportunity. The 5,824 square foot building, constructed in 2020, boasts a Class A designation and sits on a 1.96-acre lot. Currently vacant, this single-story structure offers significant potential for immediate income generation. The property is comprised of three suites: Suite A (approximately 1600 square feet) is a fully furnished, turn-key nail salon; Suite B (approximately 1500 square feet) is a shell space ready for tenant build-out; and Suite C (approximately 2654 square feet) is a fully furnished, turn-key cafe/restaurant. The property benefits from its high-traffic location and excellent walkability to nearby residential areas, ensuring strong visibility and potential for a diverse clientele. The asking price is $2,000,000. This property is situated in Brazoria County, Texas, zip code 77511. The property's prime location and versatile layout make it an ideal investment for savvy entrepreneurs seeking a high-return opportunity in a thriving Texas market. The building's modern construction and existing tenant improvements minimize upfront capital expenditures, allowing for a quicker return on investment.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Total area 5,824 SF
Lot 1.96 ac (85,378 SF)
APN 6818-0001-120
UPID US82-5225082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon
  • Insurance Agency
  • Nail Salon
  • Solar Energy Contractor
  • Nail Salon

Location

824 Adoue St Alvin, TX 77511-2604
Alvin metro Census 661200 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2018
5 recorded transactions
2019
Price N/A
2018
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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