Flex Space with
For Sale
$660,000
1002 Henderson Avenue, Palacios, TX 77465
CommercialSale, Palacios, TX
Property Size4,500 SF
Lot Size1.83 Acres
Price / SF$146.67
Days on Market144
Property Features for 1002 Henderson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking features
Special Needs
Security features
Security
Interior features
Attic, PermanentAtticStairs, Storage
Lot features
One To Three Acres, City Lot, Level
Directions
On State Highway 35 near the corner of HWY 35 and Tenth ST. The Dragon Welding Building is across the street from Bayside Seafood.
Standard status
Active
APN
18519
Size
4,500 SF
Lot size
1.83 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
AB 0162, L GOODWIN, TRACT ALL OF 6A & PART OF TRACT 6, ACRES 1.83, AB 162 SW 1/4 SEC 9
Tax Annual Amount
6090
Legal Description
AB 0162, L GOODWIN, TRACT ALL OF 6A & PART OF TRACT 6, ACRES 1.83, AB 162 SW 1/4 SEC 9
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2015
Floors in Building
1
Flooring type
Tile, Carpet
Building materials
MetalFrame, MetalSiding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Wied Realty
(979) 543-2266
Listed By:
Becky B Wied · License #0480842
(979) 637-6371
Added: May 24
Changed: Sep 16
Last Checked: Oct 14 at 3:06PM
MLS# 614767
Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2015, this 4,500-square-foot flex property combines a showroom, offices, kitchen, two restrooms, file rooms, shop space, and an upper loft. Central air conditioning serves the showroom, office areas, restrooms, file rooms, and kitchen, while the shop includes multiple roll-up doors. The loft adds accessible storage with lighting and floor-level AC plugs.
The property occupies 1.83 acres along Highway 35 in Palacios, with a large parking area, concrete apron, and handicap parking. The building is ADA compliant and includes public water and sewer, metal-frame construction, metal siding, a metal roof, and commercial zoning. Safety and security features include an OSHA-compliant flammables cabinet, first aid and eyewash stations, a maintained fire alarm system, and security cameras.
The property occupies 1.83 acres along Highway 35 in Palacios, with a large parking area, concrete apron, and handicap parking. The building is ADA compliant and includes public water and sewer, metal-frame construction, metal siding, a metal roof, and commercial zoning. Safety and security features include an OSHA-compliant flammables cabinet, first aid and eyewash stations, a maintained fire alarm system, and security cameras.
Key Highlights
- 4,500‑square‑foot flex building completed in 2015
- 1.83‑acre site with 132' of Highway 35 frontage
- Showroom, offices, kitchen, 2 restrooms, file rooms, shop, and upper loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,812
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,240
$556.2K
Cap Rate 7%
$397,314
$397.3K
Cap Rate 9%
$309,022
$309.0K
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
−$4.9K −$1.09/SF
NOI
$27.8K $6.18/SF
Area
Matagorda County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$556,240
Cap Rate 7%
$397,314
Cap Rate 9%
$309,022
Alternative Uses
Best Use
Warehouse
$397.3K
$347.7K – $463.5K
NOI $27,812 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$327.2K
$286.3K – $381.7K
NOI $22,904 @ 7.0% cap · market cap 3.47%
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with conditioned offices, customer-facing space, shop area, loft storage, and dedicated parking.
Where is this flex space located?
The property is located at 1002 Henderson Avenue 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: 4,500‑square‑foot flex building completed in 2015; 1.83‑acre site with 132' of Highway 35 frontage; Showroom, offices, kitchen, 2 restrooms, file rooms, shop, and upper loft
