Multi-Building Flex
For Sale
$1,956,560
1122 County Road 129, Alvin, TX 77511
Three buildings combine office areas with predominantly warehouse-oriented space.
Property Size18,400 SF
Days on Market52
Property Features for 1122 County Road 129
General Information
Standard status
Active
Size
18,400 SF
Property subtype
Industrial
Zoning
No Zoning
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
18,400 SF
Buildings
3
Tenancy
Multi
Listing Agency:
Zann Commercial Brokerage
Listed By:
Michael Gage · License #0614711
(281) 382-5460
Source:
Zann
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 14 at 9:32PM
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 Zann Commercial Brokerage
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Investment Insights
Based on property information with market context.
This flex-space property comprises three separate buildings with multiple office-warehouse units in varying sizes. Individual layouts generally include a small office component, while most of each unit is configured for warehouse or industrial use. The property includes nine 12-by-12 overhead doors and one 10-by-10 overhead door, providing loading access across the buildings. In-place rental income is also identified in the property information.
Located at 1122 County Road 129 in Alvin, the site fronts FM 2351/CR 129, just west of Friendswood in Brazoria County. Highway 35 and FM 518 can be reached via CR 129. The property is in unincorporated Brazoria County with no zoning designation identified. Water service is provided by a well and wastewater by septic. Portions of the property are in flood hazard areas, subject to buyer verification.
Located at 1122 County Road 129 in Alvin, the site fronts FM 2351/CR 129, just west of Friendswood in Brazoria County. Highway 35 and FM 518 can be reached via CR 129. The property is in unincorporated Brazoria County with no zoning designation identified. Water service is provided by a well and wastewater by septic. Portions of the property are in flood hazard areas, subject to buyer verification.
Key Highlights
- Three separate buildings with multiple office‑warehouse units
- Nine 12x12 overhead doors and one 10x10 overhead door
- Property fronts FM 2351/CR 129 at 1122 County Road 129
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,057
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,301,140
$2.3M
Cap Rate 7%
$1,643,671
$1.6M
Cap Rate 9%
$1,278,411
$1.3M
Market Conditions
NOI Build-Up for 18,400 SF
Gross rent
$147.9K $8.04/SF
− Vacancy
−$12.6K −$0.68/SF
EGI
$135.4K $7.36/SF
− OpEx
−$20.3K −$1.10/SF
NOI
$115.1K $6.25/SF
Area
Brazoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,301,140
Cap Rate 7%
$1,643,671
Cap Rate 9%
$1,278,411
Alternative Uses
Best Use
Office B
$4.39M
$3.84M – $5.12M
NOI $307,183 @ 7.0% cap · market cap 15.70%
Second Best
Warehouse
$1.64M
$1.44M – $1.92M
NOI $115,057 @ 7.0% cap · market cap 5.88%
Theoretical Best
Multifamily LT 5
$229.22M
$200.57M – $267.42M
NOI $16,045,332 @ 7.0% cap · market cap 820.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77511, TX
51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three buildings combine office areas with predominantly warehouse-oriented space.
Where is this flex space located?
The property is located at 1122 County Road 129 Alvin, TX.
What is the asking price?
The asking price for this property is $1,956,560.
What are key features of this property?
This property features: Three separate buildings with multiple office‑warehouse units; Nine 12x12 overhead doors and one 10x10 overhead door; Property fronts FM 2351/CR 129 at 1122 County Road 129
