Freestanding Retail Asset For
For Sale
$2,692,307
1408 N 16th St, Orange, TX 77630
Freestanding 13,000+/- SF retail asset in Orange, TX.
Property Size13,000 SF
Price / SF$207.10
Days on Market216
Property Features for 1408 N 16th St
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Retail
Building Details
Building Size
13,000 SF
Listing Agency:
Cromwell Commercial Group
Listed By:
Will Phipps · License #0744913
(254) 313-0000
Source:
Cbcworldwide
Added: Mar 5
Changed: Sep 25
Last Checked: Oct 5 at 3:06PM
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 Cromwell Commercial Group
Investment Insights
Based on property information with market context.
This freestanding retail asset, offering approximately 13,000 square feet of space, is situated on a signalized corner within the main retail area of Orange, Texas. The property is intended for retail use.
Key Highlights
- Freestanding 13,000+\/- SF retail asset
- Located at a signalized corner
- Primary retail corridor location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,881
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,897,620
$2.9M
Cap Rate 7%
$2,069,729
$2.1M
Cap Rate 9%
$1,609,789
$1.6M
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$226.2K $17.40/SF
− Vacancy
−$19.2K −$1.48/SF
EGI
$207.0K $15.92/SF
− OpEx
−$62.1K −$4.78/SF
NOI
$144.9K $11.14/SF
Area
Orange County, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,897,620
Cap Rate 7%
$2,069,729
Cap Rate 9%
$1,609,789
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.41M
NOI $144,881 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.07M
$2.69M – $3.58M
NOI $214,906 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 77630, TX
29,317
Population
13,127
Households
2.2
Avg Household Size
39
Median Age
16%
College-Educated
90%
High-School Grad
95.8 sq mi
ZIP Area
306
Density / Sq Mi
$63,588
Median Household Income
$37,307
Median Earnings
$1,033
Median Rent
$163,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding 13,000+/- SF retail asset in Orange, TX.
Where is this retail space located?
The property is located at 1408 N 16th St Orange, TX.
What is the asking price?
The asking price for this property is $2,692,307.
What are key features of this property?
This property features: Freestanding 13,000+\/- SF retail asset; Located at a signalized corner; Primary retail corridor location
