High-Visibility Flexible-Use Bacliff
For Sale
Contact for pricing
215 Grand Ave, Bacliff, TX 77518
Flexible-use property with high visibility on a main artery.
Property Size1,449 SF
Lot Size0.21 Acres
Price / SF$148.38
Days on Market158
Property Features for 215 Grand Ave
General Information
Standard status
Active
Size
1,449 SF
Lot size
0.21 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
res
Building Details
Buildings
1
Units
1
Listing Agency:
The AskOzzie.com Real Estate
(281) 317-0019
Listed By:
Ozzie Ramirez · License #0534431
Source:
Crexi
Added: Mar 19
Changed: Aug 14
Last Checked: Aug 21 at 7:12AM
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 The AskOzzie.com Real Estate
Investment Insights
Based on property information with market context.
Located on Grand Avenue, a main route to the water in Bacliff, this property offers visibility, access, and flexibility. The 1,400+ sq ft property sits on a 9,000 sq ft lot with approximately 75 ft of street frontage. The layout and existing finishes lend themselves well to professional or live-work use while still functioning as a traditional residence. A large side yard and second gated driveway provide practical space for parking, work vehicles, or separate access. Positioned in a levee-protected 500-year floodplain with standard residential utilities already in place. This unrestricted property is ideal for buyers seeking a high-exposure property with flexible-use potential in the heart of Bacliff.
Key Highlights
- High‑visibility location on a main route to the water (Grand Ave).
- Flexible‑use potential: professional, live‑work, or traditional residence.
- Large 9,000 sq ft lot with approximately 75 ft of street frontage.
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
$18,550
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
8.63%
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%
$371,000
$371.0K
Cap Rate 7%
$265,000
$265.0K
Cap Rate 9%
$206,111
$206.1K
Market Conditions
NOI Build-Up for 1,449 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
$33.6K $23.16/SF
− Vacancy
−$8.8K −$6.09/SF
EGI
$24.7K $17.07/SF
− OpEx
−$6.2K −$4.27/SF
NOI
$18.5K $12.80/SF
Area
Galveston County, TX
Vacancy
26.30%
Lease Rate
$23.16 /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%
$371,000
Cap Rate 7%
$265,000
Cap Rate 9%
$206,111
Alternative Uses
Best Use
Office B
$265.0K
$231.9K – $309.2K
NOI $18,550 @ 7.0% cap · market cap 8.63%
Second Best
Mixed Use
$204.9K
$179.3K – $239.1K
NOI $14,345 @ 7.0% cap · market cap 6.67%
Theoretical Best
Multifamily LT 5
$16.25M
$14.21M – $18.95M
NOI $1,137,180 @ 7.0% cap · market cap 528.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 77518, TX
9,689
Population
3,950
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
78%
High-School Grad
3.2 sq mi
ZIP Area
3,028
Density / Sq Mi
$54,806
Median Household Income
$36,220
Median Earnings
$1,169
Median Rent
$168,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible-use property with high visibility on a main artery.
Where is this mixed-use property located?
The property is located at 215 Grand Ave Bacliff, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: High‑visibility location on a main route to the water (Grand Ave).; Flexible‑use potential: professional, live‑work, or traditional residence.; Large 9,000 sq ft lot with approximately 75 ft of street frontage.
