Mixed-Use Property with Bayou
For Sale
Contact for pricing
8628 Hwy 6, Hitchcock, TX 77563
Existing improvements include a residential structure, patios, parking, and frontage along Highland Bayou.
Property Size1,744 SF
Price / SF$243.69
Days on Market674
Property Features for 8628 Hwy 6
General Information
Standard status
Active
Size
1,744 SF
Property subtype
Land, Mixed Use, Office
Listing Agency:
Suntrust Realty
Listed By:
Ram Garg · License #599860
(713) 796-8611
Source:
Crexi
Added: Dec 9, 2024
Changed: Oct 13
Last Checked: Oct 12 at 7:10PM
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 Suntrust Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,744-square-foot house on 1.55 acres, with hardwood flooring, granite surfaces, custom cabinetry, a breakfast bar, and expansive front and rear patios. The improvements also include a two-car garage, a two-car carport, a U-shaped driveway, and additional parking at the front. The pool requires repair, and central air conditioning remains to be added.
The property fronts Highway 6 and Highland Bayou, providing access from the highway and a water-oriented setting. It is near Hitchcock City Hall and approximately 10 miles from Galveston. The site may accommodate continued residential use or office use, while the existing house could be removed for a future apartment or motel project, subject to applicable approvals.
The property fronts Highway 6 and Highland Bayou, providing access from the highway and a water-oriented setting. It is near Hitchcock City Hall and approximately 10 miles from Galveston. The site may accommodate continued residential use or office use, while the existing house could be removed for a future apartment or motel project, subject to applicable approvals.
Key Highlights
- 1.55‑acre mixed‑use property with a 1,744‑square‑foot house
- Approximately 217 feet of frontage on Highway 6
- Approximately 320 feet of frontage along Highland Bayou
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,266
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,320
$345.3K
Cap Rate 7%
$246,657
$246.7K
Cap Rate 9%
$191,844
$191.8K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$31.4K $18.00/SF
− Vacancy
−$3.8K −$2.16/SF
EGI
$27.6K $15.84/SF
− OpEx
−$10.4K −$5.94/SF
NOI
$17.3K $9.90/SF
Area
Galveston County, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,320
Cap Rate 7%
$246,657
Cap Rate 9%
$191,844
Alternative Uses
Best Use
Mixed Use
$246.7K
$215.8K – $287.8K
NOI $17,266 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$19.55M
$17.11M – $22.81M
NOI $1,368,697 @ 7.0% cap · market cap 322.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 77563, TX
9,778
Population
4,769
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
88%
High-School Grad
44.2 sq mi
ZIP Area
221
Density / Sq Mi
$80,199
Median Household Income
$50,307
Median Earnings
$1,405
Median Rent
$198,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing improvements include a residential structure, patios, parking, and frontage along Highland Bayou.
Where is this mixed-use property located?
The property is located at 8628 Hwy 6 Hitchcock, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1.55‑acre mixed‑use property with a 1,744‑square‑foot house; Approximately 217 feet of frontage on Highway 6; Approximately 320 feet of frontage along Highland Bayou
