Two-Story Office Condo
For Sale
Contact for pricing
1501 N Amburn Rd, Texas City, TX 77591
Two-story office condo includes a reception area, multiple private offices, and restrooms with upstairs break space.
Property Size2,956 SF
Price / SF$186.06
Days on Market41
Property Features for 1501 N Amburn Rd
General Information
Standard status
Active
Size
2,956 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
KW Commercial
(281) 335-0335
Listed By:
Chaundra Hugel Broughton, CCIM · License #667270-SA
(917) 743-6241
Source:
Moodyscre
Added: Jul 25
Changed: Aug 8
Last Checked: Sep 1 at 11:36PM
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 KW Commercial
Investment Insights
Based on property information with market context.
The property is a 2,956 SF office condo within a well-maintained professional complex. The downstairs layout features a reception and waiting area, a large multifunctional workstation, a restroom, a break area, two offices, and a storage room. Upstairs includes two private rooms, a full bathroom with shower, a spacious common area, and a large storage closet.
The suite is located just off FM 1764 in Texas City, across from College of the Mainland. It has visibility and accessibility via Emmett F. Lowry Expressway, with close proximity to I-45 and Highway 146, supporting convenient connectivity between Houston and Galveston.
Ample parking serves the complex, and the surrounding area includes established commercial activity along with retail and dining options, including Mainland City Centre and Tanger Outlets.
The suite is located just off FM 1764 in Texas City, across from College of the Mainland. It has visibility and accessibility via Emmett F. Lowry Expressway, with close proximity to I-45 and Highway 146, supporting convenient connectivity between Houston and Galveston.
Ample parking serves the complex, and the surrounding area includes established commercial activity along with retail and dining options, including Mainland City Centre and Tanger Outlets.
Key Highlights
- 2,956 SF two‑story office condo in a professional complex just off FM 1764 in Texas City
- Downstairs layout includes reception and waiting area, large multifunctional workstation, restroom, break area, two offices, and storage room
- Upstairs features two private rooms, a full bathroom with shower, spacious common area, and large storage closet
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
$37,842
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
6.88%
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%
$756,840
$756.8K
Cap Rate 7%
$540,600
$540.6K
Cap Rate 9%
$420,467
$420.5K
Market Conditions
NOI Build-Up for 2,956 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
$68.5K $23.16/SF
− Vacancy
−$18.0K −$6.09/SF
EGI
$50.5K $17.07/SF
− OpEx
−$12.6K −$4.27/SF
NOI
$37.8K $12.80/SF
Area
Galveston County, TX
Vacancy
26.30%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
25.00%
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%
$756,840
Cap Rate 7%
$540,600
Cap Rate 9%
$420,467
Alternative Uses
Best Use
Office B
$540.6K
$473.0K – $630.7K
NOI $37,842 @ 7.0% cap · market cap 6.88%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$33.14M
$29.00M – $38.66M
NOI $2,319,879 @ 7.0% cap · market cap 421.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 77591, TX
17,347
Population
7,465
Households
2.3
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
1,684
Density / Sq Mi
$66,010
Median Household Income
$39,219
Median Earnings
$1,226
Median Rent
$204,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-story office condo includes a reception area, multiple private offices, and restrooms with upstairs break space.
Where is this office units located?
The property is located at 1501 N Amburn Rd Texas City, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,956 SF two‑story office condo in a professional complex just off FM 1764 in Texas City; Downstairs layout includes reception and waiting area, large multifunctional workstation, restroom, break area, two offices, and storage room; Upstairs features two private rooms, a full bathroom with shower, spacious common area, and large storage closet
