High-Visibility Commercial Property in
For Sale
Contact for pricing
1105 N Brazosport Blvd, Richwood, TX 77531
Prime location for retail, office, or service-oriented businesses.
Property Size2,040 SF
Price / SF$306.32
Days on Market167
Property Features for 1105 N Brazosport Blvd
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
1985
Listing Agency:
Clark Realty
(979) 849-1000
Listed By:
Will Clark · License #TX
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Jul 19 at 9:02AM
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 Clark Realty
Investment Insights
Based on property information with market context.
This commercial property is located on N. Brazosport Blvd. in Richwood, offering high visibility and strong drive-by exposure due to its position on a high-traffic roadway. The location provides easy ingress and egress. Previously a used car lot with approximately 45000 square feet of asphalt, the property includes a four-bay shop and has a building size of 2040 square feet. It is suitable for retail, office, medical, or service-oriented businesses seeking a strategic position within the greater Brazosport area. The property is located minutes from Lake Jackson and major thoroughfares, including Highway 288.
Key Highlights
- High‑traffic location on N. Brazosport Blvd. with outstanding visibility and strong drive‑by exposure.
- Easy ingress and egress for customers.
- Suitable for retail, office, medical, or service‑oriented businesses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,632
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$552,640
$552.6K
Cap Rate 7%
$394,743
$394.7K
Cap Rate 9%
$307,022
$307.0K
Market Conditions
NOI Build-Up for 2,040 SF
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.
Gross rent
$41.9K $20.52/SF
− Vacancy
−$2.4K −$1.17/SF
EGI
$39.5K $19.35/SF
− OpEx
−$11.8K −$5.81/SF
NOI
$27.6K $13.55/SF
Area
Brazoria County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$552,640
Cap Rate 7%
$394,743
Cap Rate 9%
$307,022
Alternative Uses
Best Use
Retail
$394.7K
$345.4K – $460.5K
NOI $27,632 @ 7.0% cap · market cap 4.42%
Second Best
Mixed Use
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 2.69%
Theoretical Best
Multifamily LT 5
$25.41M
$22.24M – $29.65M
NOI $1,778,939 @ 7.0% cap · market cap 284.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Home Improvements & Furnishings 24%
Circle K
Shops & Services
9,965 visits/mo
0.1 miles
McCoy's Building Supply
Home Improvements & Furnishings
4,232 visits/mo
0.2 miles
Yaklin Ford
Shops & Services
2,092 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
1,230 visits/mo
0.4 miles
Demographics for 77531, TX
15,666
Population
7,502
Households
2.1
Avg Household Size
33
Median Age
17%
College-Educated
83%
High-School Grad
11.7 sq mi
ZIP Area
1,339
Density / Sq Mi
$71,583
Median Household Income
$40,817
Median Earnings
$1,217
Median Rent
$236,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime location for retail, office, or service-oriented businesses.
Where is this mixed-use property located?
The property is located at 1105 N Brazosport Blvd Richwood, TX.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: High‑traffic location on N. Brazosport Blvd. with outstanding visibility and strong drive‑by exposure.; Easy ingress and egress for customers.; Suitable for retail, office, medical, or service‑oriented businesses.
