Highway 6 Commercial
For Sale
Contact for pricing
12122 Hwy 6, Santa Fe, TX 77510
Commercial property on Highway 6 in Santa Fe, Texas.
Property Size1,452 SF
Price / SF$327.13
Days on Market206
Property Features for 12122 Hwy 6
General Information
Standard status
Active
Size
1,452 SF
Class
B
Property subtype
Office, Retail
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1968
Year Renovated
2022
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Reyes Realty Group
(936) 520-6424
Listed By:
Reyes Realty Group Team · License #TX 0214332
Source:
Crexi
Added: Jan 17
Changed: Aug 8
Last Checked: Aug 10 at 1:30PM
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 Reyes Realty Group
Investment Insights
Based on property information with market context.
This commercial property is located on Highway 6 in Santa Fe, Texas, offering high visibility and accessibility due to its location on a highly traveled road with an estimated 17,000 to 20,000 vehicles passing daily. The property includes a main building and a newer workshop constructed in 2023, providing flexibility for various uses. Recent improvements have been made to major systems, including the roof, HVAC, plumbing, and electrical systems. City services are available, and the property is not located in a floodplain. Santa Fe is described as a thriving community with a business-friendly environment, steady growth, and strong local support. The property is positioned between Galveston County and the Greater Houston market, benefiting from regional expansion while maintaining its small-town charm. The property size is 1452 square feet.
Key Highlights
- Prime location directly on Highway 6 with high traffic count, offering exceptional visibility.
- Newer workshop constructed in 2023, adding flexibility and value.
- Recent improvements to roof, HVAC, plumbing, and electrical systems.
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
$19,553
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
4.12%
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%
$391,060
$391.1K
Cap Rate 7%
$279,329
$279.3K
Cap Rate 9%
$217,256
$217.3K
Market Conditions
NOI Build-Up for 1,452 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
$29.6K $20.40/SF
− Vacancy
−$1.7K −$1.16/SF
EGI
$27.9K $19.24/SF
− OpEx
−$8.4K −$5.77/SF
NOI
$19.6K $13.47/SF
Area
Galveston County, TX
Vacancy
5.70%
Lease Rate
$20.40 /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%
$391,060
Cap Rate 7%
$279,329
Cap Rate 9%
$217,256
Alternative Uses
Best Use
Retail
$279.3K
$244.4K – $325.9K
NOI $19,553 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.28M
$14.24M – $18.99M
NOI $1,139,535 @ 7.0% cap · market cap 239.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77510, TX
14,357
Population
5,896
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
89%
High-School Grad
30.4 sq mi
ZIP Area
472
Density / Sq Mi
$96,284
Median Household Income
$58,146
Median Earnings
$1,067
Median Rent
$281,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Belles Fleurs — Santa Fe, TX 77510
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property on Highway 6 in Santa Fe, Texas.
Where is this storefront property located?
The property is located at 12122 Hwy 6 Santa Fe, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime location directly on Highway 6 with high traffic count, offering exceptional visibility.; Newer workshop constructed in 2023, adding flexibility and value.; Recent improvements to roof, HVAC, plumbing, and electrical systems.
