Corner Retail Development
1814 FIRST ST Seabrook, TX 77586
1814 FIRST ST, Seabrook, TX, 77586
Contact for pricing
For Sale
Contact for pricing
Corner lot with retail-sized site area and an existing multi-family dwelling currently used for storage.
Property Size1,512 SF
Price / SF$277.78
Days on Market84
Property Features for 1814 FIRST ST
General Information
- Standard status
- Active
- Size
- 1,512 SF
- Property subtype
- Retail, Office, Land
Building Details
- Year Built
- 1981
Listing agency
Keller Williams Memorial
(409) 789-7871
Listed by
Tim Larson · License #TX 0695022
Source
Crexi
Added: Apr 29 Updated: Jul 21 at 4:54AM Checked: Jul 21 at 4:54AM
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 Keller Williams Memorial
Investment Insights
Based on property information with market context.
This corner property offers a 20,000-square-foot lot (0.4591 acres) and includes an existing 1,048-square-foot multi-family dwelling built in 1981, currently used for storage, along with several outbuildings. The site presents an opportunity to re-purpose the improvements and develop the land in a commercial-minded corner setting.
The property sits on the northwest corner of 1st Street and Lidstone Avenue, with close proximity to the SH-146 frontage road. The surrounding area is described as continuing to grow with the completion of the SH-99 Grand Parkway Project and widening of SH-146.
The asset is being offered for sale as a retail-oriented site with existing structures on the lot.
The property sits on the northwest corner of 1st Street and Lidstone Avenue, with close proximity to the SH-146 frontage road. The surrounding area is described as continuing to grow with the completion of the SH-99 Grand Parkway Project and widening of SH-146.
The asset is being offered for sale as a retail-oriented site with existing structures on the lot.
Key Highlights
- 1,512 SF retail property with 1 unit
- 20,000 SF lot (0.4591 acres) on the northwest corner of 1st St and Lidstone Ave
- Includes a 1,048 SF multi‑family dwelling built in 1981, currently used for storage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.2k | $18.00 |
| − Vacancy | −$1.6k | −$1.03 |
| EGI | $25.7k | $16.97 |
| − OpEx | −$7.7k | −$5.09 |
| NOI | $18.0k | $11.88 |
1,512 SF · lease $18.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$256.6K
$224.6K – $299.4K
NOI $17,965 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$412.9K
$361.3K – $481.7K
NOI $28,900 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Corner lot with retail-sized site area and an existing multi-family dwelling currently used for storage.
Where is this commercial land located?
The property is located at 1814 FIRST ST Seabrook, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,512 SF retail property with 1 unit; 20,000 SF lot (0.4591 acres) on the northwest corner of 1st St and Lidstone Ave; Includes a 1,048 SF multi‑family dwelling built in 1981, currently used for storage
