Upgraded Garage Condo with
For Sale
$449,900
2137 Chelsea Boulevard #A13, Allen, TX 75013
Garage condo with a loft, private gym, sauna, and full bathroom.
Property Size1,600 SF
Price / SF$281.19
Days on Market50
Property Features for 2137 Chelsea Boulevard #A13
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Amenities
custom loft
private gym
sauna
full bathroom
secure
Building Details
Year Built
2018
Listing Agency:
C21 Fine Homes Judge Fite
(469) 621-0081
Listed By:
Rajshad Anderson · License #0595595
(214) 998-8778
Source:
Lonestarluxuryrealty
Added: Sep 13
Changed: Oct 29
Last Checked: Nov 1 at 6:01AM
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 C21 Fine Homes Judge Fite
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Investment Insights
Based on property information with market context.
This 1,600 SF garage condominium, completed in 2018, includes a custom loft that expands the usable interior. The unit also has a private gym, sauna, and full bathroom, creating a flexible combination of storage and personal-use space within the Garages of Texas community.
The property is located at 2137 Chelsea Boulevard #A13 in Allen, near the Highway 75 and Stacy Road area. It is adjacent to Allen Premium Outlet Mall and provides access to the surrounding highway network. The finished improvements support use as a vehicle storage facility, workshop, private retreat, or similar owner-directed space.
The property is located at 2137 Chelsea Boulevard #A13 in Allen, near the Highway 75 and Stacy Road area. It is adjacent to Allen Premium Outlet Mall and provides access to the surrounding highway network. The finished improvements support use as a vehicle storage facility, workshop, private retreat, or similar owner-directed space.
Key Highlights
- 1,600 SF garage condominium in the Garages of Texas community
- Custom loft adds usable interior space
- Private gym, sauna, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,448
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,960
$489.0K
Cap Rate 7%
$349,257
$349.3K
Cap Rate 9%
$271,644
$271.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$38.6K $24.12/SF
− Vacancy
−$3.7K −$2.29/SF
EGI
$34.9K $21.83/SF
− OpEx
−$10.5K −$6.55/SF
NOI
$24.4K $15.28/SF
Area
Allen, TX
Vacancy
9.50%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,960
Cap Rate 7%
$349,257
Cap Rate 9%
$271,644
Alternative Uses
Best Use
Industrial
$349.3K
$305.6K – $407.5K
NOI $24,448 @ 7.0% cap · market cap 5.43%
Second Best
Flex RnD
$324.3K
$283.8K – $378.4K
NOI $22,702 @ 7.0% cap · market cap 5.05%
Theoretical Best
Warehouse
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75013, TX
48,360
Population
18,341
Households
2.6
Avg Household Size
37
Median Age
65%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,224
Density / Sq Mi
$151,618
Median Household Income
$77,367
Median Earnings
$1,810
Median Rent
$561,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Garage condo with a loft, private gym, sauna, and full bathroom.
Where is this parking lot & garage located?
The property is located at 2137 Chelsea Boulevard #A13 Allen, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,600 SF garage condominium in the Garages of Texas community; Custom loft adds usable interior space; Private gym, sauna, and full bathroom
