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 Market1585
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
Listed By:
Aaron English
(888) 519-7431
Source:
Exprealty
Added: Jun 14, 2022
Changed: Sep 2
Last Checked: Oct 15 at 1:07AM
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
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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 / Yr
$30,829
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
