Automotive Warehouse with Vehicle
New
For Sale
Contact for pricing
1201 Steele Road, Alvin, TX 77511
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 Market5
Property Features for 1201 Steele Road
General Information
Standard status
Active
Size
6,000 SF
Lot size
5.00 Acres
Property subtype
Industrial, Land, Business for Sale
Financials
Asking Price
$2,250,000
Business Included
Yes
Additional Details
Warehouse Space
6,000 SF
Service Bays
3
Amenities
covered area
4 offices
2 bathrooms
supply room
kitchen/break-room
Building Details
Buildings
1
Building Size
6,000 SF
Listing Agency:
Platinum Properties
Listed By:
Jennifer Hurst · License #450471
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:37PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,272
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Multifamily LT 5
$74.75M
$65.40M – $87.20M
NOI $5,232,173 @ 7.0% cap · market cap 232.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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
