La Marque Commercial Kitchen
719 S Oak St La Marque, TX
For Sale
Contact for pricing
Single-tenant building with commercial kitchen, offices, and meeting room.
Property Size2,670 SF
Lot Size0.14 Acres
Price / SF$93.63
Days on Market781
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
(281) 450-8689
Listed By:
Jeff Bulman
(281) 450-8689
Source:
Moodyscre
Added: Jun 7, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:54AM
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 For Industrial
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 | $20.7k | $7.76 |
| − Vacancy | −$1.3k | −$0.49 |
| EGI | $19.4k | $7.27 |
| − OpEx | −$5.8k | −$2.18 |
| NOI | $13.6k | $5.09 |
2,670 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$553.6K
$484.4K – $645.8K
NOI $38,749 @ 7.0% cap · market cap 15.50%
Second Best
Retail
$513.6K
$449.4K – $599.2K
NOI $35,954 @ 7.0% cap · market cap 14.38%
Theoretical Best
Multifamily LT 5
$29.93M
$26.19M – $34.92M
NOI $2,095,426 @ 7.0% cap · market cap 838.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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 $250,000.
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.
