Marine Retail Space With
For Sale
$775,000
2618 W Main St, Gun Barrel City, TX 75156
Commercial Sale, Gun Barrel City, TX
Property Size3,200 SF
Lot Size1.16 Acres
Price / SF$242.19
Days on Market1021
Property Features for 2618 W Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Res/Com
Subdivision
Henderson
Standard status
Active
APN
33850000016053
Size
3,200 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Description
AB 742 J SMITH SUR, LOON BAY Lots 16-19
Legal Description
AB 742 J SMITH SUR, LOON BAY Lots 16-19
Building Details
Year built
1980
Listing Agency:
Staples Commercial Group LLC
(903) 266-2900
Listed By:
Ray Ver Hey · License #498681
(903) 343-6629
Added: Nov 9, 2023
Changed: Aug 19
Last Checked: Aug 26 at 10:06AM
MLS# 104710
Copyright © 2026 Henderson County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,200-square-foot retail property includes the Jerry's Fiberglass and Marine business, along with its inventory and equipment. The sale combines the operating marine store with the underlying real estate. Built in 1980, the property carries Res/Com zoning, with the three lots fronting W Main St designated for commercial use and four lots along Loon Bay Dr designated residential. The residential portion may support storage use, and the rear of the property may accommodate a privacy fence subject to applicable requirements.
The property is located at 2618 W Main St in Gun Barrel City, approximately one mile from Wal-Mart and within one-half mile of Cedar Creek Reservoir. W Main St reportedly carries more than 19,000 vehicles per day, while the reservoir provides nearby access for boating and outdoor recreation. The parcel includes 1.162 acres, offering a combination of retail operations, business assets, and varied zoning across the site.
The property is located at 2618 W Main St in Gun Barrel City, approximately one mile from Wal-Mart and within one-half mile of Cedar Creek Reservoir. W Main St reportedly carries more than 19,000 vehicles per day, while the reservoir provides nearby access for boating and outdoor recreation. The parcel includes 1.162 acres, offering a combination of retail operations, business assets, and varied zoning across the site.
Key Highlights
- 3,200‑square‑foot retail property with the Jerry's Fiberglass and Marine business included
- Sale includes the operating business, inventory, and equipment
- Res/Com zoning with three commercial lots and four residential lots
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
Property Profile
Current Use
Lease Details
19,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
251
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
Market
Vacancy Rate% for Retail 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?
Retail space - Established marine retail operation with inventory, equipment, and commercial-residential zoning near Cedar Creek Reservoir.
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: 3,200‑square‑foot retail property with the Jerry's Fiberglass and Marine business included; Sale includes the operating business, inventory, and equipment; Res/Com zoning with three commercial lots and four residential lots
