Fully Leased Mixed-Use Investment
For Sale
Contact for pricing
Pending
2600 Gulf Fwy, La Marque, TX 77568
Fully occupied office/mixed-use building with long-term tenants in La Marque.
Property Size6,630 SF
Days on Market746
Property Features for 2600 Gulf Fwy
General Information
Standard status
Pending
Size
6,630 SF
Class
C
Property subtype
Office
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
KW Commercial Houston Clear Lake
(713) 423-5898
Listed By:
Jonathan Byers · License #0706011
Source:
Crexi
Added: Aug 7, 2024
Changed: Aug 8
Last Checked: Aug 22 at 1:41PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
$84,875
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
8.01%
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%
$1,697,500
$1.7M
Cap Rate 7%
$1,212,500
$1.2M
Cap Rate 9%
$943,056
$943.1K
Market Conditions
NOI Build-Up for 6,630 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
$153.6K $23.16/SF
− Vacancy
−$40.4K −$6.09/SF
EGI
$113.2K $17.07/SF
− OpEx
−$28.3K −$4.27/SF
NOI
$84.9K $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%
$1,697,500
Cap Rate 7%
$1,212,500
Cap Rate 9%
$943,056
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 77568, TX
20,254
Population
8,950
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
14.6 sq mi
ZIP Area
1,387
Density / Sq Mi
$72,912
Median Household Income
$44,981
Median Earnings
$1,395
Median Rent
$209,300
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?
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.
