Historic Corner Live-Work
1201 Post Office St Galveston, TX 77550
1201 Post Office St, Galveston, TX, 77550
$589,000
For Sale
$589,000
Preserved 1893 corner store with an art studio main level and spacious upstairs living quarters, generator, and private courtyard.
Property Size2,161 SF
Price / SF$272.56
Days on Market95
Property Features for 1201 Post Office St
General Information
- Standard status
- Active
- Size
- 2,161 SF
Listing agency
Sand N Sea Properties, LLC
(832) 889-2133
Listed by
Stacey Weber-Rubio · License #0695657
(832) 889-2133
Source
Exprealty
Added: Apr 18 Updated: Jul 21 at 6:11PM Checked: Jul 21 at 6:11PM
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 Sand N Sea Properties, LLC
Investment Insights
Based on property information with market context.
Located at 1201 Post Office St, this preserved 1893 corner store is configured for live-work or flexible residential and commercial use. The main level is currently an art studio and includes a full bath, a large workroom with gas, water, and cabinetry, high ceilings, pocket doors, and a bedroom/office.
Upstairs, the home offers hardwood floors, natural light, large windows, a huge primary suite, a large sunroom, and an additional 1.5 baths. A balcony is also accessible off the kitchen.
Additional comfort features include two tankless water heaters and a Generac whole-house generator. The property includes off-street parking with an automatic gate and a private courtyard. It is described as being minutes from UTMB and downtown.
Upstairs, the home offers hardwood floors, natural light, large windows, a huge primary suite, a large sunroom, and an additional 1.5 baths. A balcony is also accessible off the kitchen.
Additional comfort features include two tankless water heaters and a Generac whole-house generator. The property includes off-street parking with an automatic gate and a private courtyard. It is described as being minutes from UTMB and downtown.
Key Highlights
- Preserved 1893 corner store in Galveston's East End Historic District, offering residential, commercial, or live/work use.
- Main level functions as an art studio with a full bath, large workroom with gas, water, and cabinetry, plus pocket doors and high ceilings.
- Upstairs living quarters include hardwood floors, large windows for natural light, a huge primary suite, and a large sunroom.
Local Financial Insights For Office B
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 | $50.0k | $23.16 |
| − Vacancy | −$13.2k | −$6.09 |
| EGI | $36.9k | $17.07 |
| − OpEx | −$9.2k | −$4.27 |
| NOI | $27.7k | $12.80 |
2,161 SF · lease $23.16/SF/yr · vacancy 26.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$395.2K
$345.8K – $461.1K
NOI $27,664 @ 7.0% cap · market cap 4.70%
Second Best
Mixed Use
$305.6K
$267.4K – $356.6K
NOI $21,394 @ 7.0% cap · market cap 3.63%
Theoretical Best
Multifamily LT 5
$24.23M
$21.20M – $28.27M
NOI $1,695,961 @ 7.0% cap · market cap 287.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ten Thousand Eyes
Art Studio
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Preserved 1893 corner store with an art studio main level and spacious upstairs living quarters, generator, and private courtyard.
Where is this live-work space located?
The property is located at 1201 Post Office St Galveston, TX.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Preserved 1893 corner store in Galveston's East End Historic District, offering residential, commercial, or live/work use.; Main level functions as an art studio with a full bath, large workroom with gas, water, and cabinetry, plus pocket doors and high ceilings.; Upstairs living quarters include hardwood floors, large windows for natural light, a huge primary suite, and a large sunroom.
