Freestanding Retail Asset For
1408 N 16th St Orange, TX 77630
1408 N 16th St, Orange, TX, 77630
$2,692,307
For Sale
$2,692,307
Freestanding 13,000+/- SF retail asset in Orange, TX.
Property Size13,000 SF
Price / SF$207.10
Days on Market134
Property Features for 1408 N 16th St
General Information
- Standard status
- Active
- Size
- 13,000 SF
- Property subtype
- Retail
Listing Agency
Cromwell Commercial Group
(254) 313-0000
Listed by
Will Phipps · License #0744913
(254) 313-0000
Source
Cbcworldwide
Added: Mar 5 Checked: Apr 9 at 9:00 pm
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 Cromwell Commercial Group
Investment Insights
Based on property information with market context.
This freestanding retail asset, offering approximately 13,000 square feet of space, is situated on a signalized corner within the main retail area of Orange, Texas. The property is intended for retail use.
Key Highlights
- Freestanding 13,000+\/- SF retail asset
- Located at a signalized corner
- Primary retail corridor location
Local Financial Insights For Retail
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 | $226.2k | $17.40 |
| − Vacancy | −$19.2k | −$1.48 |
| EGI | $207.0k | $15.92 |
| − OpEx | −$62.1k | −$4.78 |
| NOI | $144.9k | $11.14 |
13,000 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.41M
NOI $144,881 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.69M – $3.58M
NOI $214,906 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens
Pharmacy
Walgreens Pharmacy
Pharmacy
FedEx OnSite
Postal Service
LibertyX Bitcoin ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding 13,000+/- SF retail asset in Orange, TX.
Where is this retail space located?
The property is located at 1408 N 16th St Orange, TX.
What is the asking price?
The asking price for this property is $2,692,307.
What are key features of this property?
This property features: Freestanding 13,000+\/- SF retail asset; Located at a signalized corner; Primary retail corridor location
