Single-Tenant Mixed-Use
For Sale
Contact for pricing
1105 N Meyer Ave, Seabrook, TX 77586
Functional commercial building suited to professional services, boutique firms, or an owner-user operation.
Property Size1,680 SF
Lot Size0.14 Acres
Price / SF$214.29
Days on Market149
Property Features for 1105 N Meyer Ave
General Information
Standard status
Active
Size
1,680 SF
Lot size
0.14 Acres
Property subtype
Mixed Use, Office, Retail
Building Details
Tenancy
Single
Listing Agency:
S.E. Covington & Co.
Listed By:
Lance Covington · License #395512
Source:
Crexi
Added: Apr 6
Changed: Aug 30
Last Checked: Aug 30 at 1:23PM
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 S.E. Covington & Co.
Investment Insights
Based on property information with market context.
This approximately 1,680-square-foot mixed-use property is arranged as a single-tenant office building on a 0.14-acre lot. The building offers a practical footprint for professional services, boutique firms, or an owner-user seeking dedicated commercial space.
The property is located at 1105 N Meyer Ave in Seabrook, Texas, within the NASA/Clear Lake submarket. Its setting supports businesses seeking a presence in the Seabrook area while maintaining a focused, single-occupant configuration.
The property is located at 1105 N Meyer Ave in Seabrook, Texas, within the NASA/Clear Lake submarket. Its setting supports businesses seeking a presence in the Seabrook area while maintaining a focused, single-occupant configuration.
Key Highlights
- Approximately 1,680 SF mixed‑use office property
- Single‑tenant building configuration
- Situated on a 0.14‑acre lot
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
$22,005
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
6.11%
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%
$440,100
$440.1K
Cap Rate 7%
$314,357
$314.4K
Cap Rate 9%
$244,500
$244.5K
Market Conditions
NOI Build-Up for 1,680 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
$38.7K $23.04/SF
− Vacancy
−$9.4K −$5.58/SF
EGI
$29.3K $17.46/SF
− OpEx
−$7.3K −$4.37/SF
NOI
$22.0K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$440,100
Cap Rate 7%
$314,357
Cap Rate 9%
$244,500
Alternative Uses
Best Use
Office B
$314.4K
$275.1K – $366.8K
NOI $22,005 @ 7.0% cap · market cap 6.11%
Second Best
Mixed Use
$306.0K
$267.8K – $357.0K
NOI $21,420 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$458.7K
$401.4K – $535.2K
NOI $32,111 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 77586, TX
23,503
Population
10,419
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
2,009
Density / Sq Mi
$115,301
Median Household Income
$60,392
Median Earnings
$1,421
Median Rent
$325,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Functional commercial building suited to professional services, boutique firms, or an owner-user operation.
Where is this mixed-use property located?
The property is located at 1105 N Meyer Ave Seabrook, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Approximately 1,680 SF mixed‑use office property; Single‑tenant building configuration; Situated on a 0.14‑acre lot
