Flex Building with Showroom
For Sale
$660,000
1002 Henderson Avenue Unit 1002, Palacios, TX 77465
Flex building on a 1.83-acre lot with air-conditioned showroom, office, and shop supported by multiple roll-up doors.
Property Size4,500 SF
Lot Size1.83 Acres
Price / SF$146.67
Days on Market104
Property Features for 1002 Henderson Avenue Unit 1002
General Information
Standard status
Active
Size
4,500 SF
Lot size
1.83 Acres
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2015
Listing Agency:
Wied Realty
(979) 637-6371
Listed By:
Becky Wied · License #0480842
(979) 637-6371
Source:
Xome
Added: Apr 18
Changed: Jul 10
Last Checked: Jul 16 at 3:23AM
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
Investment Insights
Based on property information with market context.
This flex-style building offers a showroom, office, kitchen, two restrooms, shop area, and an upper loft. The showroom, office restrooms, file rooms, and kitchen are air conditioned, while the shop is unairconditioned and includes multiple roll-up doors. The large, open loft area is set up for accessible storage and is supported by lighting and floor-level AC plugs.
Set on a 1.83-acre lot with 132 feet of frontage along HWY 35, the property includes a large parking lot with a concrete apron and handicap parking. The building is ADA compliant. Operational features include an OSHA compliant steel flammables storage cabinet, first aid station, and eye wash station. A professionally maintained fire alarm system, security systems, and cameras are also in place.
For tenants and owner-operators, the combination of showroom/office space with a roll-up door shop and a storage loft supports flexible uses that need both customer-facing and back-of-house functionality. The air-conditioned office areas, multiple restrooms, and dedicated storage spaces help accommodate day-to-day work and workflow organization within one building.
Set on a 1.83-acre lot with 132 feet of frontage along HWY 35, the property includes a large parking lot with a concrete apron and handicap parking. The building is ADA compliant. Operational features include an OSHA compliant steel flammables storage cabinet, first aid station, and eye wash station. A professionally maintained fire alarm system, security systems, and cameras are also in place.
For tenants and owner-operators, the combination of showroom/office space with a roll-up door shop and a storage loft supports flexible uses that need both customer-facing and back-of-house functionality. The air-conditioned office areas, multiple restrooms, and dedicated storage spaces help accommodate day-to-day work and workflow organization within one building.
Key Highlights
- 1.83‑acre lot with 132' frontage on US Highway 35
- 4,500 SF flex building with ADA‑compliant features
- Air‑conditioned showroom, office, restrooms, and kitchen; central air and electric cooling
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.9k | $7.76 |
| − Vacancy | −$2.2k | −$0.49 |
| EGI | $32.7k | $7.27 |
| − OpEx | −$4.9k | −$1.09 |
| NOI | $27.8k | $6.18 |
4,500 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex building on a 1.83-acre lot with air-conditioned showroom, office, and shop supported by multiple roll-up doors.
Where is this flex space located?
The property is located at 1002 Henderson Avenue Unit 1002 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 US Highway 35; 4,500 SF flex building with ADA‑compliant features; Air‑conditioned showroom, office, restrooms, and kitchen; central air and electric cooling
