Newly Renovated Storage
For Sale
$1,699,000
1817 Callaway Drive, Alvin, TX 77511
Renovated storage facility with online systems and growth potential.
Property Size12,240 SF
Lot Size0.64 Acres
Price / SF$138.81
Days on Market150
Property Features for 1817 Callaway Drive
General Information
Standard status
Active
Size
12,240 SF
Lot size
0.64 Acres
Property subtype
Industrial
Building Details
Building Size
12,240 SF
Year Built
1976
Listed By:
Shawn Harvey · License #TX #604302
(713) 744-7453
Source:
Lee-associates
Added: May 17
Changed: Oct 6
Last Checked: Oct 12 at 5:58PM
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 Shawn Harvey
Investment Insights
Based on property information with market context.
This property offers the opportunity to acquire a newly renovated storage facility situated on approximately 0.64 acres. The metal construction building provides approximately 12,240 square feet of space. Remodeling was completed in 2024 and is projected to be completed in 2025. The facility includes 128 self-storage units or mini-warehouses. The current ownership utilizes online systems that would be transferred with the sale. The location is in a densely populated area with over 175,000 people within a 10-mile radius, with an expected growth of 14,000 people over the next few years.
Key Highlights
- Newly remodeled in 2024/2025
- 128 self storage units/mini‑warehouse
- ±12,240 SF available on ±0.64 AC land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,084
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,561,680
$1.6M
Cap Rate 7%
$1,115,486
$1.1M
Cap Rate 9%
$867,600
$867.6K
Market Conditions
NOI Build-Up for 12,240 SF
Gross rent
$121.9K $9.96/SF
− Vacancy
−$10.4K −$0.85/SF
EGI
$111.5K $9.11/SF
− OpEx
−$33.5K −$2.73/SF
NOI
$78.1K $6.38/SF
Area
Brazoria County, TX
Vacancy
8.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,561,680
Cap Rate 7%
$1,115,486
Cap Rate 9%
$867,600
Alternative Uses
Best Use
Self Storage
$1.12M
$976.1K – $1.30M
NOI $78,084 @ 7.0% cap · market cap 4.60%
Second Best
Industrial
$900.4K
$787.9K – $1.05M
NOI $63,031 @ 7.0% cap · market cap 3.71%
Theoretical Best
Multifamily LT 5
$152.48M
$133.42M – $177.89M
NOI $10,673,634 @ 7.0% cap · market cap 628.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 77511, TX
51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
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
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Frequently Asked Questions
What type of property is this?
Self storage facility - Renovated storage facility with online systems and growth potential.
Where is this self storage facility located?
The property is located at 1817 Callaway Drive Alvin, TX.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Newly remodeled in 2024/2025; 128 self storage units/mini‑warehouse; ±12,240 SF available on ±0.64 AC land
