19075 Interstate 45 Unit S, Conroe, TX 77385 – Community Shopping Center

RetailYear Built 2000Total Assessed Value $74,250,000County Montgomery

Property Details

The Retail property 19075 Interstate 45 Unit S, Conroe, TX 77385 is located in Montgomery County. The specific property type is Community Shopping Center. The total assessed value of this property is $74,250,000.

The gross building area is 370,039 square feet and the land area is 1,770,971 square feet for this Community Shopping Center built in 2000.

Legal description: S815000 - Portofino Power Center, Res A Phase I, Res B Phase Ii (Aka Portofino Power Center Partial Replat #2015047306) (Res A, Res B Lakes At Portofino #2002085569), Acres 40.6559

$74,250,000

Market Value

8.40%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 19075 Interstate 45 Unit S, Conroe, TX 77385, Retail

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Property Information

Property TypeRetail

Sub Property TypeCommunity Shopping Center

Building Area370,039

Land Size1,770,971

Land Value$33,474,465

Improved Value$40,775,535

Total Assessed Value$74,250,000

Year Built2000

County NameMontgomery

Account NumberR290601

Cap Rate8.40%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningWindow\unit

Fireplace1

HeatingForced air unit

Type ConstructionFrame

No of Stories3

Bathrooms4

Number of Units1

Exterior WallsConcrete block

Sales History

10/1/2021

Arms-lengthNot Disclosed

Buyer

Buy Buy Baby Inc

Seller

Krg Portofino Llc

Book Number

2021.146839

Recording Date

10/1/2021

Transaction Details

Buy Buy Baby Inc acquired the property from Krg Portofino Llc through a Arms-length transaction on 10/1/2021 for .

11/26/2013

Arms-lengthNot Disclosed

Buyer

Krg Portofino Llc

Seller

Crlp Shenandoah Llc

Book Number

2013128946

Recording Date

11/26/2013

Transaction Details

Krg Portofino Llc acquired the property from Crlp Shenandoah Llc through a Arms-length transaction on 11/26/2013 for .

11/26/2013

Arms-lengthNot Disclosed

Buyer

Kite Realty Group Trust

Seller

Ochziff Capital Management Group, Llc

Book Number

128946

Recording Date

11/26/2013

Transaction Details

Kite Realty Group Trust acquired the property from Ochziff Capital Management Group, Llc through a Arms-length transaction on 11/26/2013 for .

Property constructed in 2000

YSale Price (USD) byXSales Year

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$33,474,465	$41,946,132	$75,420,597	$75,420,597	G&i Xi Portofino Lp	565 Taxter Rd Ste 40...	S815000 - Portofino ...	8140.C	S815000	1,770,971	370,039
2025	$33,474,465	$40,775,535	$74,250,000	$74,250,000	Krg Portofino Llc	30 S Meridian St Ste...	S815000 - Portofino ...	8140.C	S815000	1,770,971	370,039
2024	$25,474,094	$63,031,280	$88,505,374	$88,505,374	Krg Portofino Llc	30 S Meridian St Ste...	S815000 - Portofino ...	8140.C	S815000	1,770,971	370,039
2023	$25,474,090	$49,699,600	$75,173,690	$75,173,690	Krg Portofino Llc	Attn: Kite Realty Gr...	S815000 - Portofino ...	8140.C	-	1,770,971	370,039
2022	$25,474,090	$49,699,600	$75,173,690	$75,173,690	Krg Portofino Llc	Attn: Kite Realty Gr...	S815000 - Portofino ...	8140.C	PORTOFINO POWER CENT...	1,770,971	370,039
2021	$26,545,770	$36,422,180	$62,967,950	$62,967,950	Krg Portofino Llc	Attn: Kite Realty Gr...	S815000 - Portofino ...	8140.C	-	1,815,624	378,914
2020	$26,545,770	$39,045,840	$65,591,610	$65,591,610	Krg Portofino Llc	Attn: Kite Realty Gr...	S815000 - Portofino ...	8140.C	-	1,815,624	378,914
2019	$26,545,770	$39,045,840	$65,591,610	$65,591,610	Krg Portofino Llc	Attn: Kite Realty Gr...	S815000 - Portofino ...	8140.C	-	1,815,624	378,914
2018	$26,545,770	$49,793,280	$76,339,050	$76,339,050	Krg Portofino Llc	Attn: Kite Realty Gr...	S815000 - Portofino ...	8140.C	PORTOFINO POWER CENT...	1,815,624	378,914
2017	$5,250,540	$20,720,180	$25,970,720	$25,970,720	Krg Portofino Llc	Attn: Kite Realty Gr...	S815000 - Portofino ...	8140.C	PORTOFINO POWER CENT...	656,318	154,425

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
19075 Interstate 45 Unit S, Conroe, TX 77385	R290601	Retail	Community Shopping Center	Krg Portofino Llc	Montgomery	-	-	-	-	2000	370,039	1
1513 W Bay Area Blvd, Webster, TX 77598	1167680030001	Retail	Community Shopping Center	Owrf Baybrook Llc	Harris	48.5	$ 41,695,500	2025-11-25	$ 179.60	1991	232,156	-
4610 Highway 6, Sugar Land, TX 77478	R171206	Retail	Community Shopping Center	Fc Marketplace Associates Lp	Fort Bend	42.7	$ 15,561,000	2025-08-13	$ 133.27	1993	116,759	-
9333 Research Blvd, Austin, TX 78759	460898	Retail	Community Shopping Center	Scp 9333 Research Blvd Llc	Travis	138.1	$ 47,500,000	2023-03-10	$ 252.08	1996	188,430	-
1301 Airport Fwy W, Euless, TX 76040	04413830	Retail	Community Shopping Center	Dmlran Etc Lp	Tarrant	208.7	$ 16,957,500	2023-06-22	$ 62.60	1982	270,890	1
4100 General Degaulle Dr, New Orleans, LA 70131	5-13-8-219-05	Retail	Community Shopping Center	Pmat Algiers Plaza, Llc	Orleans Parish	327.6	$ 2,325,000	2024-05-31	$ 14.61	2000	159,090	-
525 Lakeland Plz, Cumming, GA 30040	C20 013	Retail	Community Shopping Center	Orf Viii Lakeland Plaza Llc	Forsyth	720.3	$ 11,605,500	2023-05-18	$ 39.87	1990	291,064	-
14001 W Colonial Dr, Winter Garden, FL 34787	22-22-27-9386-01-000	Retail	Community Shopping Center	127 Amm Llc	Orange	846.3	$ 24,500,000	2022-06-06	$ 176.20	1987	139,046	-
1144 Sw 67 Ave, Miami, FL 33144	30-4011-037-0010	Retail	Community Shopping Center	Lsg1 Trail Plaza Llc	Miami-Dade	978.1	$ 49,285,000	2023-10-17	$ 275.55	1987	178,863	-
2100 Silvernail Rd, Pewaukee, WI 53072	WAKC0974008	Retail	Community Shopping Center	Egp Waukesha Ii Llc	Waukesha	978.7	$ 12,330,000	2024-06-07	$ 105.36	1984	117,030	-
10330 S Us Highway 1, Port St. Lucie, FL 34952	4412-504-0005-000-9	Retail	Community Shopping Center	J Baron 1031 Investments Llc	St. Lucie	944.9	$ 11,000,000	2024-01-16	$ 96.00	1997	114,585	19

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	19075 Interstate 45 Unit S, Conroe, TX 77385	—	-	1,770,971	2000	370,039	$ 74,250,000	$ 33,474,465	-
Bank Of Houston	14485 Bellaire Blvd, Houston, TX 77083	08/28/2025	$ 2,100,000	374,006	1985	96,850	$ 5,370,000	$ 4,488,072	Prime Noble Realty Lp
Woodforest National Bank	8845 Six Pines, Shenandoah, TX 77380	08/14/2025	$ 6,200,000	112,254	2013	35,847	$ 6,891,162	$ 3,367,624
Morgan Stanley Mtg Cap Holding	1240 N Loop 336 Unit W, Conroe, TX 77301	08/06/2025	$ 1,200,000,000	55,996	2016	10,040	$ 2,716,290	$ 895,942	Ch Retail Fund Iihouston Conr
Texas Advantage Cmty Bank Na	1799 Kirby, Pearland, TX 77584	06/05/2025	$ 2,750,000	55,060	2019	11,625	$ 2,689,510	$ 1,252,610	Jahan Holdings Llc
Gulf Capital Bank	2000 Reflection Bay, Pearland, TX 77584	05/23/2025	$ 3,740,677	67,650	2022	15,600	$ 4,391,506	$ 1,231,230	Shops At Reflection Bay Lp
Zions Bancorporation Na	11940 Broadway, Pearland, TX 77584	02/20/2025	$ 327,000	52,459	2021	10,868	$ 1,863,600	$ 681,970	4p Investments Shadow Creek Llc
Equity Bank	7081 Highway 6 N, Houston, TX 77095	01/23/2025	$ 1,670,158	328,442	1984	69,323	$ 16,186,534	$ 5,911,956	Texas Coffee Stores Llcseries
28677 I 45n Llc	28677 Interstate 45, Shenandoah, TX 77385	01/23/2025	$ 1,620,000	30,056	1994	4,200	$ 1,000,000	$ 901,680	Srm Fm 1431 Property Llc
Comerica Bank	2532 Fondren Rd, Houston, TX 77063	12/31/2024	$ 2,000,000	260,911	1970	80,881	$ 12,752,507	$ 11,740,995	2735 Fondren Llc
Pcb Bank	1427 Broadway, Pearland, TX 77581	12/17/2024	$ 1,700,000	36,207	2017	5,390	$ 1,651,180	$ 188,280	Cjdj Properties Llc

Mean$ 58,259,224

Median$ 2,050,000.0

Loan Amount Range$ 50,000 - $ 1,200,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
19075 INTERSTATE 45 S, CONROE, TX 77385-8704	EMBROID ME	9362711500	PATCHES (MFRS)
19075 INTERSTATE 45 S STE 115, CONROE, TX 77385-8705	TJ MAXX	9362732121	DEPARTMENT STORES
19075 INTERSTATE 45 S STE 111L, CONROE, TX 77385-8705	FAMOUS FOOTWEAR	9362826023	SHOES-RETAIL
19075 INTERSTATE 45 S STE 103, CONROE, TX 77385-8705	DSW SHOE WAREHOUSE	9362711990	SHOES-RETAIL
19075 INTERSTATE 45 S STE 101, CONROE, TX 77385-8705	RAM CHEMICALS	9363219338	SWIMMING POOL EQUIPMENT & SUPLS-RETAIL
19075 INTERSTATE 45 S STE 725, CONROE, TX 77385-8788	JENNY CRAIG WEIGHT LOSS CTR	9362712770	WEIGHT CONTROL SERVICES
19075 INTERSTATE 45 S STE 121A, CONROE, TX 77385-8705	AT&T STORE	9363219696	TELEPHONE COMPANIES
19075 INTERSTATE 45 S STE 116A, CONROE, TX 77385-8779	KATZ'S EXPRESS	9363211880	FOODS-CARRY OUT
19075 INTERSTATE 45 S STE 600, CONROE, TX 77385-8779	BJ'S RESTAURANT BREWHOUSE	9362737100	RESTAURANTS
19075 INTERSTATE 45 S STE 111E, CONROE, TX 77385-8701	GNC	9362739780	VITAMIN & FOOD SUPPLEMENTS

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License Details

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