Automotive Warehouse with Vehicle
1201 Steele Road, Alvin, TX 77511
For Sale
Contact for pricing
Shop improvements include oversized bay doors, a covered work area, and dedicated office and break-room space.
Property Size6,000 SF
Lot Size5.00 Acres
Price / SF$375
Days on Market50
Property Features for 1201 Steele Road
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Business Included
Additional Details
Warehouse Space
Service Bays
Amenities
covered area
4 offices
2 bathrooms
supply room
kitchen/break-room
Building Details
Buildings
Building Size
Listing Agency:
Platinum Properties
Listed By:
Jennifer Hurst · License #450471
(832) 282-6396
Source:
Crexi
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 7:47AM
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 Platinum Properties
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Investment Insights
Based on property information with market context.
This 6,000-square-foot warehouse occupies 5 acres and is configured for automotive work. Improvements include a covered area, multiple oversized bay doors, three car lifts, and shop equipment. The interior has 4 offices, 2 bathrooms, a supply room, and a kitchen and break room. A classic car restoration operation currently uses the property; the business is also available for purchase separately.
A development company tenant currently provides supplemental income. The property is located at 1201 Steele Road in Alvin, Texas.
A development company tenant currently provides supplemental income. The property is located at 1201 Steele Road in Alvin, Texas.
Key Highlights
- 6,000 SF warehouse on 5 acres
- Multiple oversized bay doors and a covered work area
- Three car lifts and extensive shop equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,272
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,440
$1.6M
Cap Rate 7%
$1,161,029
$1.2M
Cap Rate 9%
$903,022
$903.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$123.1K $20.52/SF
− Vacancy
−$7.0K −$1.17/SF
EGI
$116.1K $19.35/SF
− OpEx
−$34.8K −$5.81/SF
NOI
$81.3K $13.55/SF
Area
Brazoria County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,440
Cap Rate 7%
$1,161,029
Cap Rate 9%
$903,022
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.35M
NOI $81,272 @ 7.0% cap · market cap 3.61%
Second Best
Warehouse
$536.0K
$469.0K – $625.3K
NOI $37,519 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,201 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77511, TX
51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Brazoria County, TX
Properties on Market for Warehouses in Brazoria County
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Shop improvements include oversized bay doors, a covered work area, and dedicated office and break-room space.
Where is this warehouse located?
The property is located at 1201 Steele Road Alvin, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 6,000 SF warehouse on 5 acres; Multiple oversized bay doors and a covered work area; Three car lifts and extensive shop equipment
