2209 Highway 3, Galveston, TX
Recently renovated, fully leased retail building with three self-contained suites.
- Added:
- Apr 28, 2025
- Days on Market:
- 419
- Last Refresh:
- May 20 at 8:13 pm
Property Features for 2209 Highway 3
General Information
- Standard status
- Active
- Size
- 1,089 SF
- Lot size
- 0.13 Acres
- Property subtype
- RETAIL
Listing agent Chaundra Hugel Broughton, CCIM License #667270-SA (917) 743-6241
Listing office Keller Williams Realty (917) 743-6241
Listing date Apr 28, 2025
Source Moodyscre
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HighLights
- Fully leased, providing stable cash flow.
- Recently renovated, turn‑key investment opportunity.
- Three self‑contained suites, each with private restroom, sink, and storage.
- Ideal configuration for salon, medical, wellness, or professional tenants.
- Excellent accessibility on Highway 3.
- Utility room with washer hookup.
Overview
Local Financial Insights For Retail
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 | $22.2k | $20.40 |
| − Vacancy | −$1.3k | −$1.16 |
| EGI | $20.9k | $19.24 |
| − OpEx | −$6.3k | −$5.77 |
| NOI | $14.7k | $13.47 |
Alternative Uses
Current Use by Public Records
Map
- City
- Galveston
- County
- Galveston
- State
- Texas
- Longitude
- -94.6812
- Latitude
- 29.4346
