Warehouse Income Property with
120 Crouch Street Alvin, TX 77511
New
For Sale
Contact for pricing
Multi-building warehouse income property with approximately 7 acres of commercial frontage and capacity to expand.
Property Size25,360 SF
Lot Size7.00 Acres
Price / SF$130.13
Days on Market4
Property Features for 120 Crouch Street
General Information
- Standard status
- Active
- Size
- 25,360 SF
- Lot size
- 7.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2022
Listing Agency:
Century 21 Tevas
(509) 627-8406
Listed By:
Jose Torres · License #9012066
Source:
Crexi
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 3:45AM
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 Century 21 Tevas
Investment Insights
Based on property information with market context.
This for-sale portfolio includes 10 warehouse buildings ranging from 960 to 4,000 square feet, with a mix of new construction and remodel work completed within the last five years. Approximately 25,360 square feet is currently leased, and 8 of the buildings are reported as leased at competitive rates, creating an income-producing setup. The property also includes additional land intended for continued development.
Public remarks indicate the improvements are located toward the back of the property, with approximately 7 acres of commercial frontage described as between Alvin and Manvel. Recently established city services are noted, including new fire hydrants and three-phase power.
Current project plans mentioned in the offering include a 120 RV covered storage park, reflecting expansion intentions beyond the existing warehouse configuration.
Public remarks indicate the improvements are located toward the back of the property, with approximately 7 acres of commercial frontage described as between Alvin and Manvel. Recently established city services are noted, including new fire hydrants and three-phase power.
Current project plans mentioned in the offering include a 120 RV covered storage park, reflecting expansion intentions beyond the existing warehouse configuration.
Key Highlights
- Year built 2022: 10 leased buildings on the property
- About 25,360 SF of leased space across 10 buildings
- Buildings range from 960 to 4,000 SF, with new construction or remodeled work within the last 5 years
Financial Insights For Warehouse
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 | $203.9k | $8.04 |
| − Vacancy | −$17.3k | −$0.68 |
| EGI | $186.6k | $7.36 |
| − OpEx | −$28.0k | −$1.10 |
| NOI | $158.6k | $6.25 |
25,360 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.27M
$1.98M – $2.64M
NOI $158,579 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$315.92M
$276.43M – $368.58M
NOI $22,114,653 @ 7.0% cap · market cap 670.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Exceed 22 Welding ...
High School
RV Buyers Of TX
Car Dealership
One Stop RV ...
Auto Repair Shop
Labor Force Solutions ...
Vocational School
Gulf Coast Diesel ...
Auto Repair Shop
Similar Off Market Nearby
- Raydar Storage — 1201 W Willis St, Alvin, TX 77511
- Tri-Five Holdings LLC — 200 Avenue I, Alvin, TX 77511
- 2nd Street Self Storage — 107 N 2nd St, Alvin, TX 77511
FAQs
What type of property is this?
Warehouse - Multi-building warehouse income property with approximately 7 acres of commercial frontage and capacity to expand.
Where is this warehouse located?
The property is located at 120 Crouch Street Alvin, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Year built 2022: 10 leased buildings on the property; About 25,360 SF of leased space across 10 buildings; Buildings range from 960 to 4,000 SF, with new construction or remodeled work within the last 5 years
