Fully Leased Mixed-Use Investment
2600 Gulf Fwy, La Marque, TX 77568
Call to check price and availability
Fully occupied office/mixed-use building with long-term tenants in La Marque.
Type:Office
Property size:
6,630 SFPrice / SF:
$159/SF- Added:
- Aug 7, 2024
- Days on Market:
- 701
- Last Refresh:
- Jun 27 at 8:38 pm
Property Features for 2600 Gulf Fwy
General Information
- Standard status
- Active
- Size
- 6,630 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing office KW Commercial Houston Clear Lake (713) 423-5898
Listing date Aug 7, 2024
Source Crexi
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 KW Commercial Houston Clear Lake
HighLights
- 100% Occupancy: Fully leased with long‑term, stable tenants, ensuring consistent cash flow.
- Long‑Term Tenants: Multiple tenants on their second multi‑year contract, reducing turnover risk and demonstrating commitment.
- Strategic Location: Situated on the northbound side of Interstate 45, providing excellent visibility and accessibility.
- Modified Gross Leases: Tenants cover base rent and a share of operating expenses, balancing cost management.
- Dual Access Points: Convenient parking on both the I‑45 frontage road and Burnett Street, enhancing ease of access.
- Office / Mixed‑Use Space: Adaptable spaces designed to accommodate a diverse range of professional and commercial needs.
Overview
This fully occupied office/mixed-use building is located in La Marque, TX, on the northbound side of Interstate 45, offering excellent visibility and accessibility. The property benefits from dual access points with convenient parking on both the I-45 frontage road and Burnett Street. The building is 100% occupied with long-term, stable tenants, ensuring a steady and dependable cash flow. Multiple tenants are currently on their second multi-year contract. The lease type is modified gross, where tenants cover base rent and a share of operating expenses. The property offers adaptable office and mixed-use spaces designed to accommodate a diverse range of professional and commercial needs. Configured without bay doors, it is ideally suited for office and professional service use. The property is located in an area experiencing positive growth and development. The building's versatile use and strong financial performance make it a compelling option for investors seeking a reliable, income-generating asset with substantial growth potential. The property size is 6,630 square feet.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.6k | $23.16 |
| − Vacancy | −$40.4k | −$6.09 |
| EGI | $113.2k | $17.07 |
| − OpEx | −$28.3k | −$4.27 |
| NOI | $84.9k | $12.80 |
6,630 SF · lease $23.16/SF/yr · vacancy 26.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,875 @ 7.0% cap · market cap 8.01%
Second Best
Mixed Use
$937.7K
$820.5K – $1.09M
NOI $65,637 @ 7.0% cap · market cap 6.19%
Theoretical Best
Multifamily LT 5
$74.33M
$65.04M – $86.72M
NOI $5,203,248 @ 7.0% cap · market cap 490.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
A Leading Insurance Agency
Insurance Agency
Dr. Ramdas N. ...
Physician
Dr. Tejinder S. ...
Physician
Kingdom Kare Childcare ...
Daycare Center
Location Insight
- Map
- Local Demand
- City
- La Marque
- County
- Galveston
- State
- Texas
- Longitude
- -94.9837542
- Latitude
- 29.3601978
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FAQs
What type of property is this?
Office building - Fully occupied office/mixed-use building with long-term tenants in La Marque.
Where is this office building located?
The property is located at 2600 Gulf Fwy La Marque, TX.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: 100% Occupancy: Fully leased with long‑term, stable tenants, ensuring consistent cash flow.; Long‑Term Tenants: Multiple tenants on their second multi‑year contract, reducing turnover risk and demonstrating commitment.; Strategic Location: Situated on the northbound side of Interstate 45, providing excellent visibility and accessibility.
