Commercial Assemblage on Highway
For Sale
Contact for pricing
2004 Hwy 6, Alvin, TX 77511
Two-parcel commercial property in high-growth area, ideal for redevelopment.
Property Size1,546 SF
Lot Size0.68 Acres
Price / SF$436.61
Days on Market169
Property Features for 2004 Hwy 6
General Information
Standard status
Active
Size
1,546 SF
Lot size
0.68 Acres
Property subtype
Mixed Use, Office
Zoning
Commercial
Investment Type
Redevelopment
Building Details
Year Built
1972
Buildings
5
Stories
1
Listing Agency:
Brockway Commercial
Listed By:
Yolanda Whitlock · License #TX 553670
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 11 at 7:44PM
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 Brockway Commercial
Investment Insights
Based on property information with market context.
This commercial assemblage features two parcels totaling 29,621 square feet along Highway 6 in Alvin. The location is experiencing significant commercial growth and is positioned across from a site being redeveloped by the Dabhi Group with plans for a fuel stop, EV charging, hotel and suites, an Indian restaurant, luxury offices, and a kids' play zone. The property at 2002 Highway 6 includes a 1,546-square-foot home suitable for office conversion, rental income, or future commercial use. The parcel at 2004 Highway 6 contains multiple storage buildings and an office structure that was recently damaged by a vehicle and is offered as-is, presenting a value-add or rebuild opportunity. The assemblage has direct Highway 6 frontage and existing utilities. It is suitable for owner-users, contractors, small businesses, or investors seeking a versatile commercial footprint in a rapidly developing corridor.
Key Highlights
- Direct Hwy 6 frontage in a rapidly developing commercial corridor.
- Two‑parcel assemblage totaling 29,621 SF.
- Located across from a major redevelopment project with planned fuel stop, EV charging, hotel, restaurant, offices and play zone.
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
$25,810
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
3.82%
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%
$516,200
$516.2K
Cap Rate 7%
$368,714
$368.7K
Cap Rate 9%
$286,778
$286.8K
Market Conditions
NOI Build-Up for 1,546 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
$45.8K $29.64/SF
− Vacancy
−$11.4K −$7.38/SF
EGI
$34.4K $22.26/SF
− OpEx
−$8.6K −$5.56/SF
NOI
$25.8K $16.69/SF
Area
Brazoria County, TX
Vacancy
24.90%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
25.00%
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%
$516,200
Cap Rate 7%
$368,714
Cap Rate 9%
$286,778
Alternative Uses
Best Use
Office B
$368.7K
$322.6K – $430.2K
NOI $25,810 @ 7.0% cap · market cap 3.82%
Second Best
Mixed Use
$182.2K
$159.4K – $212.6K
NOI $12,755 @ 7.0% cap · market cap 1.89%
Theoretical Best
Multifamily LT 5
$19.26M
$16.85M – $22.47M
NOI $1,348,157 @ 7.0% cap · market cap 199.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-parcel commercial property in high-growth area, ideal for redevelopment.
Where is this mixed-use property located?
The property is located at 2004 Hwy 6 Alvin, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Direct Hwy 6 frontage in a rapidly developing commercial corridor.; Two‑parcel assemblage totaling 29,621 SF.; Located across from a major redevelopment project with planned fuel stop, EV charging, hotel, restaurant, offices and play zone.
