Turnkey Marine Retail
For Sale
$775,000
2618 W Main St, Gun Barrel City, TX 75156
For sale includes the business plus inventory and equipment, located on W Main St with high passing traffic.
Property Size3,200 SF
Lot Size1.16 Acres
Price / SF$242.19
Days on Market52
Property Features for 2618 W Main St
General Information
Standard status
Active
Size
3,200 SF
Lot size
1.16 Acres
Additional Details
Business Included
Yes
Traffic Count
19,000 vehicles/day
Building Details
Year Built
1980
Listing Agency:
Staples Commercial Group, LLC
Listed By:
Ray Ver Hey · License #0498681
(903) 343-6629
Source:
Yourdavisteam
Added: Jul 27
Changed: Sep 8
Last Checked: Sep 15 at 10:50PM
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 Staples Commercial Group, LLC
Investment Insights
Based on property information with market context.
Turnkey marine retail business for sale at 2618 W Main St, including the business operation along with the entire inventory and equipment. The sale excludes certain listed items (including a tractor, brush hog, and select tools/equipment), as well as assorted personal items. The business is Jerry's Fiberglass and Marine.
The property is positioned for visibility on W Main St, with over 19,000 vehicles passing by daily. There are three lots facing W Main St zoned for commercial use, and four lots along Loon Bay Dr zoned for residential use, creating a mixed zoning setup. The back of the property offers the option to install a privacy fence, and the residential-zoned portion may be utilized for storage purposes.
The site totals 1.162 acres and includes proximity to Cedar Creek Reservoir and nearby retail activity.
The property is positioned for visibility on W Main St, with over 19,000 vehicles passing by daily. There are three lots facing W Main St zoned for commercial use, and four lots along Loon Bay Dr zoned for residential use, creating a mixed zoning setup. The back of the property offers the option to install a privacy fence, and the residential-zoned portion may be utilized for storage purposes.
The site totals 1.162 acres and includes proximity to Cedar Creek Reservoir and nearby retail activity.
Key Highlights
- For sale includes Jerry's Fiberglass and Marine business plus entire inventory and equipment.
- Established boat and marina store located on W Main St with over 19,000 vehicles passing by daily.
- 1.162‑acre property includes 3 W Main St lots zoned for commercial use and 4 Loon Bay Dr lots zoned for residential use.
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
$43,902
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
5.66%
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%
$878,040
$878.0K
Cap Rate 7%
$627,171
$627.2K
Cap Rate 9%
$487,800
$487.8K
Market Conditions
NOI Build-Up for 3,200 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
$64.1K $20.04/SF
− Vacancy
−$1.4K −$0.44/SF
EGI
$62.7K $19.60/SF
− OpEx
−$18.8K −$5.88/SF
NOI
$43.9K $13.72/SF
Area
Henderson County, TX
Vacancy
2.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
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%
$878,040
Cap Rate 7%
$627,171
Cap Rate 9%
$487,800
Alternative Uses
Best Use
Retail
$627.2K
$548.8K – $731.7K
NOI $43,902 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$985.0K – $1.31M
NOI $78,797 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
19,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 75156, TX
15,708
Population
8,969
Households
1.8
Avg Household Size
48
Median Age
17%
College-Educated
86%
High-School Grad
32.1 sq mi
ZIP Area
489
Density / Sq Mi
$59,303
Median Household Income
$35,316
Median Earnings
$932
Median Rent
$209,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - For sale includes the business plus inventory and equipment, located on W Main St with high passing traffic.
Where is this retail space located?
The property is located at 2618 W Main St Gun Barrel City, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: For sale includes Jerry's Fiberglass and Marine business plus entire inventory and equipment.; Established boat and marina store located on W Main St with over 19,000 vehicles passing by daily.; 1.162‑acre property includes 3 W Main St lots zoned for commercial use and 4 Loon Bay Dr lots zoned for residential use.
