Warehouse with Showroom and
1002 Henderson Ave, Palacios, TX 77465
For Sale
$660,000
Multi-use warehouse building with air-conditioned showroom and office space plus an unconditioned shop with roll-up doors.
Property Size4,500 SF
Lot Size1.83 Acres
Price / SF$146.67
Days on Market160
Property Features for 1002 Henderson Ave
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Building Details
Building Size
Year Built
Stories
Listing Agency:
Wied Realty
Listed By:
Becky Wied · License #0480842
(979) 637-6371
Source:
Elliman
Added: Jun 1
Changed: Aug 22
Last Checked: Aug 14 at 7:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wied Realty
Ask AI about this property
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Investment Insights
Based on property information with market context.
This property offers a 4,500-square-foot building designed for mixed warehouse, showroom, and office use. The facility includes a showroom, office areas, a kitchen, two restrooms, and a shop space with multiple roll-up doors. The showroom, office restrooms, file rooms, and kitchen are air conditioned. An upper loft provides open, accessible storage supported by lighting and floor-level AC plugs. The building is ADA compliant and includes a professionally maintained fire alarm system, security systems, and cameras. For worker safety and compliance, the property features an OSHA compliant steel flammables storage cabinet, first aid station, and eye wash station.
Set on a 1.83-acre lot, the building has approximately 132 feet of frontage on Highway 35. On-site parking is provided with a large parking lot, a concrete apron, and handicap parking.
The layout supports tenants or buyers needing both a front-facing showroom and back-of-house storage or light industrial operations. With air-conditioned office and customer-facing areas alongside a roll-up door shop, the space can accommodate businesses that require separate work and customer functions under one roof.
Set on a 1.83-acre lot, the building has approximately 132 feet of frontage on Highway 35. On-site parking is provided with a large parking lot, a concrete apron, and handicap parking.
The layout supports tenants or buyers needing both a front-facing showroom and back-of-house storage or light industrial operations. With air-conditioned office and customer-facing areas alongside a roll-up door shop, the space can accommodate businesses that require separate work and customer functions under one roof.
Key Highlights
- 1.83‑acre lot with 132' frontage on Hwy 35
- 4,500 SF multi‑use building with showroom, office, kitchen, 2 restrooms, shop, and upper loft
- Showroom, office, restrooms, file rooms, and kitchen are air conditioned
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,904
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,080
$458.1K
Cap Rate 7%
$327,200
$327.2K
Cap Rate 9%
$254,489
$254.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$34.9K $7.76/SF
− Vacancy
−$2.2K −$0.49/SF
EGI
$32.7K $7.27/SF
− OpEx
−$9.8K −$2.18/SF
NOI
$22.9K $5.09/SF
Area
Matagorda County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,080
Cap Rate 7%
$327,200
Cap Rate 9%
$254,489
Alternative Uses
Best Use
Industrial
$327.2K
$286.3K – $381.7K
NOI $22,904 @ 7.0% cap · market cap 3.47%
Second Best
Flex RnD
$319.5K
$279.6K – $372.8K
NOI $22,365 @ 7.0% cap · market cap 3.39%
Theoretical Best
Multifamily LT 5
$50.45M
$44.15M – $58.86M
NOI $3,531,616 @ 7.0% cap · market cap 535.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77465, TX
7,137
Population
3,793
Households
1.9
Avg Household Size
41
Median Age
20%
College-Educated
76%
High-School Grad
232.4 sq mi
ZIP Area
31
Density / Sq Mi
$69,500
Median Household Income
$41,914
Median Earnings
$748
Median Rent
$170,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-use warehouse building with air-conditioned showroom and office space plus an unconditioned shop with roll-up doors.
Where is this flex space located?
The property is located at 1002 Henderson Ave Palacios, TX.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: 1.83‑acre lot with 132' frontage on Hwy 35; 4,500 SF multi‑use building with showroom, office, kitchen, 2 restrooms, shop, and upper loft; Showroom, office, restrooms, file rooms, and kitchen are air conditioned
