Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1618 Callaway Dr Alvin, TX 77511

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7,250 /Mo

    Flex property suitable for industrial, storage, retail, and office uses.

    Type:Industrial
    Added:
    Mar 5, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 2 at 1:21 am

    Property Features for 1618 Callaway Dr

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 1618 Callaway Dr Contact us

    We can help!

    Listing Contact
    Derek Hughes

    Listing agent Derek Hughes

    Listing office Zann Commercial Brokerage

    Listing date Mar 5, 2026

    Source Zann

    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 Zann Commercial Brokerage

    Overview

    Versatile Flex Space in Alvin

    The property at 1618 Callaway Drive is a flex property located in Alvin, TX, suitable for industrial, storage, retail, and office uses. It features 3-phase power, gated access, and a storage yard that can also serve as parking for office purposes. The property includes a warehouse with cross-access overhead doors. The location is within three miles of Highway 6 and Highway 35, providing access to Santa Fe and Manvel corridors. The property is available under a sublease through April 2027, with the possibility of extending the lease term beyond this date. The property is fully vacated and ready for move-in.
    Location Intelligence

    Current Use by Public Records

    Moore Storage Storage Facility

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2657
    Latitude
    29.4131

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Alvin, TX

      1,125 SF retail space in busy Alvin shopping center.
      406 Verhalen Rd, Alvin, TX
      View Details
    • Contact for pricing

      Harbor Freight Anchored Retail Center

      Retail space for lease in Alvin Shopping Center.
      1200-1232 FM 1462, Alvin, TX 77511
      View Details
    • $12/mo

      New Flex Warehouse in Alvin

      Newly built, customizable flex warehouse space in Alvin, Texas.
      4102 FM 517, Alvin, TX
      View Details
    • Contact for pricing

      Retail Space in Fairway Plaza

      Retail space with great visibility and ample parking available for lease.
      1701 Fairway Drive, Alvin, TX 77511
      View Details
    • $10/mo

      Retail Space in Alvin, Texas

      Retail property available for lease in Alvin, Texas.
      1913 S Gordon St, Alvin, TX
      View Details
    • Contact for pricing

      FM 1462 Specialty Property

      Specialty property available for rent in Alvin, Texas.
      1240-1241 FM 1462, Alvin, TX 77511
      View Details
    • Contact for pricing

      Established Gun Range & Retail

      Turnkey gun range and retail business in 10,000 sqft facility.
      1204-1232 FM 1462, Alvin, TX
      View Details
    • Contact for pricing

      Alvin Retail/Office Opportunity

      1,750 SF brick building on a 6,250 SF corner lot.
      104 S Hood St, Alvin, TX
      View Details
    • Contact for pricing

      Updated Office Building on Highway

      Move-in ready office building with highway frontage and ample parking.
      2466 W State Hwy 6, Alvin, TX
      View Details
    • Contact for pricing

      Retail Property in Alvin, Texas

      Multi-tenant retail buildings with single-tenant building on 5.51 acres.
      200-324 E House St, Alvin, 77511, Alvin, TX 77511
      View Details
    • Contact for pricing

      Retail Space in Alvin Center

      Retail space available in a shopping center near Highway 35.
      1202 FM 1462, Alvin, TX 77511
      View Details
    • Contact for pricing

      Retail Space in Corner Center

      Retail space available in established shopping center near Alvin College.
      406 Verhalen Rd, Alvin, TX 77511
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex property suitable for industrial, storage, retail, and office uses.
    Where is this flex space located?
    The property is located at 1618 Callaway Dr Alvin, TX.
    What is the lease rate?
    The lease rate is $7,250 /Mo.
    What are key features of this property?
    This property features: Versatile flex property suitable for industrial, storage, retail, and office uses.; Sublease available through April 2027 with potential for extension.; Features 3‑phase power, gated access, and a large storage yard.
    (832) 915-2637
    We can help!
    Listing Contact
    Derek Hughes
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!