Auto Sales Property with Gated
New
For Sale
$395,000
230 Texas 146 Texas, Texas City, TX 77590
Updated building systems, controlled gate entry, and a security system serve the former vehicle sales site.
Property Size1,860 SF
Lot Size0.74 Acres
Price / SF$212.37
Days on Market4
Property Features for 230 Texas 146 Texas
General Information
Standard status
Active
Size
1,860 SF
Class
C
Total Parking Spaces
15
Lot size
0.74 Acres
Property subtype
Retail - Automotive
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$395,000
Amenities
new roof
new insulation
new HVAC ductwork
updated electrical
all-LED lighting
keypad combo entry on gates and garage doors
keypad combo on front door
security system
Building Details
Building Size
1,860 SF
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
RE/MAX
Listed By:
Mandie McMillan · License #0479403
(281) 300-1267
Source:
Remaxcommercial
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 5:37AM
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 RE/MAX
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This former auto sales property in Texas City includes a 1,860-square-foot, single-story commercial building on 0.74 acres. Built in 1972, the site has parking for 15 vehicles and 150 feet of frontage on 3rd Ave S. Improvements include a new roof, new insulation, HVAC ductwork, updated electrical, and LED lighting. Keypad access is installed at the gates, garage doors, and front entrance, and a security system is in place.
The property is located along Highway 146, with access to Interstate 45, the Port of Texas City, and nearby industrial employers. Its existing building, vehicle parking, and controlled entry are the principal on-site features.
The property is located along Highway 146, with access to Interstate 45, the Port of Texas City, and nearby industrial employers. Its existing building, vehicle parking, and controlled entry are the principal on-site features.
Key Highlights
- Former auto sales site with a 1,860 SF building on 0.74 acres
- 150 feet of frontage on 3rd Ave S
- Parking for 15 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,047
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,940
$500.9K
Cap Rate 7%
$357,814
$357.8K
Cap Rate 9%
$278,300
$278.3K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$37.9K $20.40/SF
− Vacancy
−$2.2K −$1.16/SF
EGI
$35.8K $19.24/SF
− OpEx
−$10.7K −$5.77/SF
NOI
$25.0K $13.47/SF
Area
Galveston County, TX
Vacancy
5.70%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,940
Cap Rate 7%
$357,814
Cap Rate 9%
$278,300
Alternative Uses
Best Use
Retail
$357.8K
$313.1K – $417.5K
NOI $25,047 @ 7.0% cap · market cap 6.34%
Second Best
Industrial
$135.2K
$118.3K – $157.8K
NOI $9,467 @ 7.0% cap · market cap 2.40%
Theoretical Best
Multifamily LT 5
$20.85M
$18.25M – $24.33M
NOI $1,459,735 @ 7.0% cap · market cap 369.55%
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
216
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
4,571 visits/mo
0.1 miles
Demographics for 77590, TX
30,758
Population
14,419
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
84%
High-School Grad
25.2 sq mi
ZIP Area
1,221
Density / Sq Mi
$63,274
Median Household Income
$36,993
Median Earnings
$1,179
Median Rent
$168,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 7130 fm1765, texas city, tx 77591
- U-Haul Neighborhood Dealer — 2919 FM1765, La Marque, TX 77568
- Unique Luxury & Heavy Equip. Llc — S Rose St, Texas City, TX 77591
Frequently Asked Questions
What type of property is this?
Automotive property - Updated building systems, controlled gate entry, and a security system serve the former vehicle sales site.
Where is this automotive property located?
The property is located at 230 Texas 146 Texas Texas City, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Former auto sales site with a 1,860 SF building on 0.74 acres; 150 feet of frontage on 3rd Ave S; Parking for 15 vehicles
