Building Details

Year Built 1967

Buildings 1

Stories 1

Units 1

Listing Agency: Etheredge Real Estate

Listed By: Barbie Tucker · License #Texas 154982 Show Phone

Source: Crexi

Added: May 20 Changed: Oct 5 Last Checked: Oct 12 at 8:56PM

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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 Etheredge Real Estate

Investment Insights

Based on property information with market context.

This commercial property, with a size of 1760 square feet, is suitable for commercial use. It is located near popular commercial businesses, making it potentially suitable for retail or mixed-use purposes.

Key Highlights

• Commercial use designation.
• Proximity to popular commercial businesses.
• Established in 1967.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,424

Cap Rate

4.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$348,480 $348.5K

Cap Rate 7%

$248,914 $248.9K

Cap Rate 9%

$193,600 $193.6K

Market Conditions

NOI Build-Up for 1,760 SF

Gross rent

$31.7K $18.00/SF

− Vacancy

−$3.8K −$2.16/SF

EGI

$27.9K $15.84/SF

− OpEx

−$10.5K −$5.94/SF

NOI

$17.4K $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%

$348,480

Cap Rate 7%

$248,914

Cap Rate 9%

$193,600

Alternative Uses

Best Use

Mixed Use

$248.9K

$217.8K – $290.4K (±1% cap)

NOI $17,424 @ 7.0% cap · market cap 4.47%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$19.73M

$17.27M – $23.02M (±1% cap)

NOI $1,381,254 @ 7.0% cap · market cap 354.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Electrical Service Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

Explore this area Business Placement

Demographics for 77517, TX

6,058

Population

2,035

Households

3

Avg Household Size

42

Median Age

14%

College-Educated

89%

High-School Grad

26.2 sq mi

ZIP Area

231

Density / Sq Mi

$83,484

Median Household Income

$50,268

Median Earnings

$830

Median Rent

$266,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial property near popular businesses, suitable for retail or mixed-use.

Where is this mixed-use property located?

The property is located at 13542 HWY 6 Santa Fe, TX.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: Commercial use designation.; Proximity to popular commercial businesses.; Established in 1967.