Retail Property on 0.41
For Sale
Contact for pricing
11950 Hwy 6, Santa Fe, TX 77510
5,317 SF retail building on 0.41 AC available.
Property Size5,317 SF
Lot Size0.41 Acres
Price / SF$188.08
Days on Market536
Property Features for 11950 Hwy 6
General Information
Standard status
Active
Size
5,317 SF
Lot size
0.41 Acres
Property subtype
Retail
Zoning
HC
Listing Agency:
DN Commercial
Listed By:
Danny Nguyen, CCIM · License #456765-b
Source:
Crexi
Added: Mar 4, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 DN Commercial
Investment Insights
Based on property information with market context.
The property includes a building with a size of approximately 5,317 square feet, situated on a land area of approximately 0.41 acres. The occupancy rate is 100%. The property is located approximately 10.4 miles from Highway 45, 19.2 miles from Galveston, 42.8 miles from The Galleria, 20.2 miles from Pearland, 11 miles from Alvin and 25.6 miles from Hobby Airport.
Key Highlights
- 100% Occupancy Rate
- Building Size: +/- 5,317 SF
- Land Size: +/- 0.41 AC
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
$71,599
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
7.16%
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%
$1,431,980
$1.4M
Cap Rate 7%
$1,022,843
$1.0M
Cap Rate 9%
$795,544
$795.5K
Market Conditions
NOI Build-Up for 5,317 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
$108.5K $20.40/SF
− Vacancy
−$6.2K −$1.16/SF
EGI
$102.3K $19.24/SF
− OpEx
−$30.7K −$5.77/SF
NOI
$71.6K $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%
$1,431,980
Cap Rate 7%
$1,022,843
Cap Rate 9%
$795,544
Alternative Uses
Best Use
Retail
$1.02M
$895.0K – $1.19M
NOI $71,599 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$59.61M
$52.16M – $69.55M
NOI $4,172,801 @ 7.0% cap · market cap 417.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Retail property - 5,317 SF retail building on 0.41 AC available.
Where is this retail property located?
The property is located at 11950 Hwy 6 Santa Fe, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 100% Occupancy Rate; Building Size: +/- 5,317 SF; Land Size: +/- 0.41 AC
