La Marque Commercial Kitchen
For Sale
Contact for pricing
719 S Oak St, La Marque, TX
Single-tenant building with commercial kitchen, offices, and meeting room.
Property Size2,670 SF
Lot Size0.14 Acres
Price / SF$84.27
Days on Market826
Property Features for 719 S Oak St
General Information
Standard status
Active
Size
2,670 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Listing Agency:
Jeff Bulman Real Estate
Listed By:
Jeff Bulman
(281) 450-8689
Source:
Moodyscre
Added: Jun 7, 2024
Changed: Sep 4
Last Checked: Sep 10 at 6:11AM
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 Jeff Bulman Real Estate
Investment Insights
Based on property information with market context.
This single-tenant building, formerly a commercial kitchen, is located in La Marque, Texas. The property, situated on Oak Street, benefits from high visibility due to its frontage on Highway 3. The building features a reception area, two full bathrooms, a kitchen, four offices, and a large meeting room. Recent upgrades include a new roof and interior paint.
Key Highlights
- Outstanding visibility due to Oak Street frontage on Highway 3.
- Recently reroofed.
- Previously used as a commercial kitchen.
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
$13,590
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
6.04%
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%
$271,800
$271.8K
Cap Rate 7%
$194,143
$194.1K
Cap Rate 9%
$151,000
$151.0K
Market Conditions
NOI Build-Up for 2,670 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
$20.7K $7.76/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$19.4K $7.27/SF
− OpEx
−$5.8K −$2.18/SF
NOI
$13.6K $5.09/SF
Area
Galveston County, TX
Vacancy
6.30%
Lease Rate
$7.76 /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%
$271,800
Cap Rate 7%
$194,143
Cap Rate 9%
$151,000
Alternative Uses
Best Use
Specialty Retail
$553.6K
$484.4K – $645.8K
NOI $38,749 @ 7.0% cap · market cap 17.22%
Second Best
Retail
$513.6K
$449.4K – $599.2K
NOI $35,954 @ 7.0% cap · market cap 15.98%
Theoretical Best
Multifamily LT 5
$29.93M
$26.19M – $34.92M
NOI $2,095,426 @ 7.0% cap · market cap 931.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,962 visits/mo
0.5 miles
Valero Energy
Shops & Services
5,610 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant building with commercial kitchen, offices, and meeting room.
Where is this retail space located?
The property is located at 719 S Oak St La Marque, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Outstanding visibility due to Oak Street frontage on Highway 3.; Recently reroofed.; Previously used as a commercial kitchen.
