Improved Commercial
For Sale
Contact for pricing
1810 STRICKLAND, Orange, TX 77630
Improved acreage with an existing building and canopy in a light industrial and retail corridor.
Property Size7,348 SF
Price / SF$141.54
Days on Market167
Property Features for 1810 STRICKLAND
General Information
Standard status
Active
Size
7,348 SF
Property subtype
Retail
Building Details
Year Built
1961
Listing Agency:
J M Prewitt Company
Listed By:
J. MILTON PREWITT, SIOR · License #391133
Source:
Crexi
Added: May 5
Changed: Oct 3
Last Checked: Oct 16 at 5:38AM
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 J M Prewitt Company
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Investment Insights
Based on property information with market context.
This 4.22-acre commercial land property includes 7,348± SF of improvements and a separate 2,300± SF canopy. The existing improvements provide a substantial base for continued use, building repurposing, or future site redevelopment, as supported by the property configuration.
The tract has 58 feet of frontage on Strickland and sits within a light industrial and retail corridor. Access is available to Interstate 10 and Highway 87, with CP Chem Golden Triangle Polymers located nearby. The combination of acreage, existing improvements, covered area, and corridor access creates a flexible commercial land profile.
The tract has 58 feet of frontage on Strickland and sits within a light industrial and retail corridor. Access is available to Interstate 10 and Highway 87, with CP Chem Golden Triangle Polymers located nearby. The combination of acreage, existing improvements, covered area, and corridor access creates a flexible commercial land profile.
Key Highlights
- 4.22± acres of commercial land
- 7,348± SF of existing improvements
- 2,300± SF canopy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,231
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,620
$1.7M
Cap Rate 7%
$1,217,586
$1.2M
Cap Rate 9%
$947,011
$947.0K
Market Conditions
NOI Build-Up for 7,348 SF
Gross rent
$158.7K $21.60/SF
− Vacancy
−$16.7K −$2.27/SF
EGI
$142.1K $19.33/SF
− OpEx
−$56.8K −$7.73/SF
NOI
$85.2K $11.60/SF
Area
Orange County, TX
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,620
Cap Rate 7%
$1,217,586
Cap Rate 9%
$947,011
Alternative Uses
Best Use
Healthcare Medical
$1.22M
$1.07M – $1.42M
NOI $85,231 @ 7.0% cap · market cap 8.20%
Second Best
Office B
$1.22M
$1.06M – $1.42M
NOI $85,112 @ 7.0% cap · market cap 8.18%
Theoretical Best
Office A
$1.74M
$1.52M – $2.02M
NOI $121,471 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
407
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Improved acreage with an existing building and canopy in a light industrial and retail corridor.
Where is this commercial land located?
The property is located at 1810 STRICKLAND Orange, TX.
What is the asking price?
The asking price for this property is $1,040,000.
What are key features of this property?
This property features: 4.22± acres of commercial land; 7,348± SF of existing improvements; 2,300± SF canopy
