Specialty Property with Boarding
For Sale
$500,000
16396 Hollyhock N Avenue, Gardendale, TX 79758
Commercial Sale, Gardendale, TX
Property Size6,160 SF
Lot Size0.60 Acres
Price / SF$81.17
Days on Market58
Property Features for 16396 Hollyhock N Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Mixed-Use
Parking
15
Parking features
Garage, Parking Lot
Fencing
Fenced
Lot features
Cleared, Level
Elementary school
Other Elementary
Middle school
Other Jr. High
High school
Other High School
Elementary school district
Other-NonSouthPlains
Middle school district
Other-NonSouthPlains
High school district
Other-NonSouthPlains
Standard status
Active
APN
09180.01000.00000
Size
6,160 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Description
Eicher Addn Block 1 Lot 1
Tax Annual Amount
5031
Legal Description
Eicher Addn Block 1 Lot 1
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well, Public
Building Details
Year built
1964
Floors in Building
1
Flooring type
Concrete
Building materials
Block, Concrete, Metal Siding, Steel Frame
Roof type
Metal
Listing Agency:
Keller Williams Realty
(806) 771-7710
Listed By:
Jordan Linnenkugel · License #0685556
(432) 934-4244
Added: Jul 24
Changed: Sep 13
Last Checked: Sep 19 at 2:06AM
MLS# 202610721
Copyright © 2026 Lubbock Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,160-square-foot specialty property in Gardendale includes more than 20 boarding kennels with indoor and outdoor access, concrete flooring, and turf runs. The building also contains over 2,000 square feet of warehouse area, bay doors, a loading dock, a reception lobby, private offices, work areas, and a dedicated room suited to grooming or related services. Construction includes a steel frame, concrete block, metal siding, and a metal roof, with central heating and central air.
The 0.60-acre site is fenced and includes a paved parking lot and garage. Water is available through both well and public sources, while wastewater service is provided by a septic tank. Mixed-use zoning supports the property’s existing specialty configuration and potential for complementary commercial functions. Gardendale provides access to Midland, Odessa, and the surrounding Permian Basin.
The 0.60-acre site is fenced and includes a paved parking lot and garage. Water is available through both well and public sources, while wastewater service is provided by a septic tank. Mixed-use zoning supports the property’s existing specialty configuration and potential for complementary commercial functions. Gardendale provides access to Midland, Odessa, and the surrounding Permian Basin.
Key Highlights
- 6,160‑square‑foot specialty property on a 0.60‑acre site
- More than 20 boarding kennels with indoor and outdoor access
- Over 2,000 square feet of warehouse space with bay doors and a loading dock
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
$38,519
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
7.70%
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%
$770,380
$770.4K
Cap Rate 7%
$550,271
$550.3K
Cap Rate 9%
$427,989
$428.0K
Market Conditions
NOI Build-Up for 6,160 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
$49.5K $8.04/SF
− Vacancy
−$4.2K −$0.68/SF
EGI
$45.3K $7.36/SF
− OpEx
−$6.8K −$1.10/SF
NOI
$38.5K $6.25/SF
Area
Ector County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
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%
$770,380
Cap Rate 7%
$550,271
Cap Rate 9%
$427,989
Alternative Uses
Best Use
Warehouse
$550.3K
$481.5K – $642.0K
NOI $38,519 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$69.06M
$60.43M – $80.57M
NOI $4,834,390 @ 7.0% cap · market cap 966.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Explore this area
Business Placement
Demographics for 79758, TX
2,898
Population
1,011
Households
2.9
Avg Household Size
39
Median Age
15%
College-Educated
89%
High-School Grad
50.6 sq mi
ZIP Area
57
Density / Sq Mi
$120,721
Median Household Income
$81,368
Median Earnings
$1,609
Median Rent
$360,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - Purpose-built animal boarding facility with flexible warehouse, office, reception, parking, fencing, and mixed-use zoning.
Where is this specialty property located?
The property is located at 16396 Hollyhock N Avenue Gardendale, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 6,160‑square‑foot specialty property on a 0.60‑acre site; More than 20 boarding kennels with indoor and outdoor access; Over 2,000 square feet of warehouse space with bay doors and a loading dock
