Commercial Automotive
1212 S VELASCO ST, Angleton, TX 77515
For Sale
Contact for pricing
The property is identified as general commercial space with a substantial floor area.
Property Size13,959 SF
Price / SF$164.77
Days on Market15
Property Features for 1212 S VELASCO ST
General Information
Standard status
Size
Property subtype
Listing Agency:
Birdsong Real Estate
Listed By:
RYAN BIRDSONG · License TX #522256
(979) 292-6205
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 3:27PM
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 Birdsong Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial automotive property encompasses 13,959 square feet and is identified for general commercial use. Its automotive classification and stated commercial designation provide the available description of the asset.
Key Highlights
- 13,959 square feet of general commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,078
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,781,560
$3.8M
Cap Rate 7%
$2,701,114
$2.7M
Cap Rate 9%
$2,100,867
$2.1M
Market Conditions
NOI Build-Up for 13,959 SF
Gross rent
$286.4K $20.52/SF
− Vacancy
−$16.3K −$1.17/SF
EGI
$270.1K $19.35/SF
− OpEx
−$81.0K −$5.81/SF
NOI
$189.1K $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%
$3,781,560
Cap Rate 7%
$2,701,114
Cap Rate 9%
$2,100,867
Alternative Uses
Best Use
Retail
$2.70M
$2.36M – $3.15M
NOI $189,078 @ 7.0% cap · market cap 8.22%
Second Best
Industrial
$1.03M
$898.6K – $1.20M
NOI $71,884 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$3.56M
$3.12M – $4.16M
NOI $249,402 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
288k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Superstores 22%
Groceries 14%
Shops & Services 14%
Walmart
Superstores
64,463 visits/mo
0.3 miles
Kroger
Groceries
30,291 visits/mo
0.3 miles
McDonald's
Dining
30,151 visits/mo
0.1 miles
Whataburger
Dining
22,600 visits/mo
0.2 miles
Starbucks
Dining
14,688 visits/mo
0.1 miles
Demographics for 77515, TX
32,710
Population
13,127
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
204.5 sq mi
ZIP Area
160
Density / Sq Mi
$89,029
Median Household Income
$48,097
Median Earnings
$1,024
Median Rent
$210,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 2016 N Velasco St, Angleton, TX 77515
Frequently Asked Questions
What type of property is this?
Automotive property - The property is identified as general commercial space with a substantial floor area.
Where is this automotive property located?
The property is located at 1212 S VELASCO ST Angleton, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 13,959 square feet of general commercial space
