Upgraded Garage Condo with
For Sale
$349,900
2137 Chelsea Boulevard E5, Allen, TX 75013
Garage condominium with a custom loft, full bathroom, and shower in the Garages of Texas community.
Property Size1,066 SF
Price / SF$328.24
Days on Market50
Property Features for 2137 Chelsea Boulevard E5
General Information
Standard status
Active
Size
1,066 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2018
Listing Agency:
C21 Fine Homes Judge Fite
Listed By:
Rajshad Anderson · License #0595595
(214) 998-8778
Source:
Yourdavisteam
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 7 at 3:02PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2018, this upgraded garage condominium includes a custom loft that adds usable flexibility within the unit. A full bathroom with shower provides an uncommon convenience for this property type, while the enclosed garage configuration supports secure vehicle storage and other privately managed uses supported by the community setting.
The property is located at 2137 Chelsea Boulevard E5 in Allen, near the intersection of Highway 75 and Stacy Road. It is adjacent to Allen Premium Outlet Mall and offers direct access to the highway network. The unit is part of the Garages of Texas community.
The property is located at 2137 Chelsea Boulevard E5 in Allen, near the intersection of Highway 75 and Stacy Road. It is adjacent to Allen Premium Outlet Mall and offers direct access to the highway network. The unit is part of the Garages of Texas community.
Key Highlights
- Custom loft expands the unit’s usable configuration
- Full bathroom with shower included
- Built in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,289
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,780
$325.8K
Cap Rate 7%
$232,700
$232.7K
Cap Rate 9%
$180,989
$181.0K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$25.7K $24.12/SF
− Vacancy
−$2.4K −$2.29/SF
EGI
$23.3K $21.83/SF
− OpEx
−$7.0K −$6.55/SF
NOI
$16.3K $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%
$325,780
Cap Rate 7%
$232,700
Cap Rate 9%
$180,989
Alternative Uses
Best Use
Industrial
$232.7K
$203.6K – $271.5K
NOI $16,289 @ 7.0% cap · market cap 4.66%
Second Best
Flex RnD
$216.1K
$189.1K – $252.1K
NOI $15,125 @ 7.0% cap · market cap 4.32%
Theoretical Best
Warehouse
$282.6K
$247.2K – $329.7K
NOI $19,779 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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 condominium with a custom loft, full bathroom, and shower in the Garages of Texas community.
Where is this parking lot & garage located?
The property is located at 2137 Chelsea Boulevard E5 Allen, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Custom loft expands the unit’s usable configuration; Full bathroom with shower included; Built in 2018
