Office Building with Vault
For Sale
$375,000
101 ST E Alabama St, Brazoria, TX 77422
Multiple work areas, three entrances, covered rear parking, and recent major-system updates support varied commercial use.
Property Size2,276 SF
Price / SF$164.76
Days on Market476
Property Features for 101 ST E Alabama St
General Information
Standard status
Active
Size
2,276 SF
Taxes and HOA fees
Annual Taxes
$2,362
Listing Agency:
Exp Realty Llc
(888) 519-7431
Listed By:
Aaron English
(888) 519-7431
Source:
Exprealty
Added: May 13, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:04AM
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 Exp Realty Llc
Investment Insights
Based on property information with market context.
This 2,276-square-foot office building at 101 ST E Alabama St in Brazoria, Texas, includes multiple office and multi-use areas arranged around three separate entrances. Some office furnishings convey with the property, and two vault rooms are incorporated into the building. A current tenant occupies the space on a month-to-month lease.
Covered parking is located behind the building. Capital improvements include a roof replacement completed in 2019, PEX plumbing installed in 2021, an HVAC system approximately 5 years old, and a recent electrical update. The combination of flexible interior areas, multiple access points, and existing building improvements provides a practical commercial configuration.
Covered parking is located behind the building. Capital improvements include a roof replacement completed in 2019, PEX plumbing installed in 2021, an HVAC system approximately 5 years old, and a recent electrical update. The combination of flexible interior areas, multiple access points, and existing building improvements provides a practical commercial configuration.
Key Highlights
- 2,276‑square‑foot office building with multiple office and multi‑use areas
- Two vault rooms included within the building
- Three separate entrances provide multiple access points
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
$30,829
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
8.22%
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%
$616,580
$616.6K
Cap Rate 7%
$440,414
$440.4K
Cap Rate 9%
$342,544
$342.5K
Market Conditions
NOI Build-Up for 2,276 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
$46.7K $20.52/SF
− Vacancy
−$2.7K −$1.17/SF
EGI
$44.0K $19.35/SF
− OpEx
−$13.2K −$5.81/SF
NOI
$30.8K $13.55/SF
Area
Brazoria County, TX
Vacancy
5.70%
Lease Rate
$20.52 /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%
$616,580
Cap Rate 7%
$440,414
Cap Rate 9%
$342,544
Alternative Uses
Best Use
Office B
$542.8K
$475.0K – $633.3K
NOI $37,997 @ 7.0% cap · market cap 10.13%
Second Best
Retail
$440.4K
$385.4K – $513.8K
NOI $30,829 @ 7.0% cap · market cap 8.22%
Theoretical Best
Multifamily LT 5
$28.35M
$24.81M – $33.08M
NOI $1,984,738 @ 7.0% cap · market cap 529.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 77422, TX
13,731
Population
6,103
Households
2.2
Avg Household Size
41
Median Age
14%
College-Educated
85%
High-School Grad
171.2 sq mi
ZIP Area
80
Density / Sq Mi
$75,223
Median Household Income
$47,287
Median Earnings
$1,068
Median Rent
$205,000
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 building - Multiple work areas, three entrances, covered rear parking, and recent major-system updates support varied commercial use.
Where is this office building located?
The property is located at 101 ST E Alabama St Brazoria, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,276‑square‑foot office building with multiple office and multi‑use areas; Two vault rooms included within the building; Three separate entrances provide multiple access points
