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    Galveston Warehouse and Office Building Title is generated by Realmo AI

    3928 Broadway St, Galveston, TX 77550

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    For Sale
    $885,000

    Warehouse and office building on corner lot with Broadway frontage.

    Property size:
    5,427 SF
    Lot size:
    0.39 Acres
    Price / SF:
    $163/SF
    Added:
    May 7, 2025
    Days on Market:
    406
    Last Refresh:
    Jan 20 at 9:43 am

    Property Features for 3928 Broadway St

    General Information

    Standard status
    Active
    Size
    5,427 SF
    Lot size
    0.39 Acres

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    Listing Contact
    Vj Tramonte

    Listing agent Vj Tramonte

    Listing office Joe Tramonte Realty

    Listing date May 7, 2025

    Source Exprealty

    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 Joe Tramonte Realty

    HighLights

    • Approx. 5427 sq ft main warehouse
    • Situated on approx. 16,985 sq ft of land
    • Corner lot location
    • Approx. 86 ft Broadway frontage
    • Office building (approx. 1133 sq ft)
    • Ott monument land and buildings

    Overview

    The property features approximately 16,985 square feet of land. Improvements include an office building of approximately 1,133 square feet and a main warehouse of approximately 5,427 square feet. The corner lot has approximately 86 feet of frontage on Broadway.

    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 $125.7k $23.16
    − Vacancy −$33.1k −$6.09
    EGI $92.6k $17.07
    − OpEx −$23.2k −$4.27
    NOI $69.5k $12.80
    5,427 SF · lease $23.16/SF/yr · vacancy 26.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $992.5K
    $868.4K – $1.16M (±1% cap)
    NOI $69,475 @ 7.0% cap · market cap 7.85%
    Second Best
    Warehouse
    $479.2K
    $419.3K – $559.0K (±1% cap)
    NOI $33,541 @ 7.0% cap · market cap 3.79%
    Theoretical Best
    Multifamily LT 5
    $60.84M
    $53.24M – $70.99M (±1% cap)
    NOI $4,259,129 @ 7.0% cap · market cap 481.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Texas International Terminals — Galveston, TX 77554
    • Stolt-Nielsen USA Inc — 5707 Harborside Dr, Galveston, TX 77554

    Location Insight

    • Map
    • Local Demand
    City
    Galveston
    County
    Galveston
    State
    Texas
    Longitude
    -94.8114
    Latitude
    29.2955

    FAQs

    What type of property is this?
    Warehouse - Warehouse and office building on corner lot with Broadway frontage.
    Where is this warehouse located?
    The property is located at 3928 Broadway St Galveston, TX.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: Approx. 5427 sq ft main warehouse; Situated on approx. 16,985 sq ft of land; **Corner lot location**
    More about this property
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