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1119 E Milam St 12,240 SF Retail Building Wharton, TX 77488 $699,905 CAD ($57.18 CAD/SF) 8.48% Cap Rate
Investment Highlights
- Diverse property with warehouse and retail/office space.
Executive Summary
Features warehouse, retail/office, and loft space. The property is currently unoccupied. Asking rent is $3,500/mo , triple-net ($42,000 annual rent).
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$59,386
|
$4.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,386
|
$4.85
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,386 |
| Annual Per SF | $4.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $59,386 |
| Annual Per SF | $4.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,240 SF
Building Class
C
Year Built
1960
Price
$699,905 CAD
Price Per SF
$57.18 CAD
Cap Rate
8.48%
NOI
$59,386 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.80
Lot Size
0.35 AC
Zoning
None - None
Frontage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
CommunityBank of Texas
Property Taxes
| Parcel Number | R017274 | Improvements Assessment | $230,439 CAD (2025) |
| Land Assessment | $56,378 CAD (2025) | Total Assessment | $286,817 CAD (2025) |
Property Taxes
Parcel Number
R017274
Land Assessment
$56,378 CAD (2025)
Improvements Assessment
$230,439 CAD (2025)
Total Assessment
$286,817 CAD (2025)
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1119 E Milam St
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