Mixed-Use Property on Corner
For Sale
Contact for pricing
2900 W Highway 6, Alvin, TX
Versatile mixed-use property with residence, workshop, and open concept building.
Property Size5,218 SF
Lot Size0.96 Acres
Price / SF$124.57
Days on Market271
Property Features for 2900 W Highway 6
General Information
Standard status
Active
Size
5,218 SF
Lot size
0.96 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Keller Williams Realty Metropolitan
(713) 962-0355
Listed By:
Austin Oztan, MBA
(713) 962-0355
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 21
Last Checked: Aug 21 at 10:03AM
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 Keller Williams Realty Metropolitan
Investment Insights
Based on property information with market context.
Located on the corner of Highway 6 and County Road 148, this 5,218-square-foot property is currently used as a private residence but is zoned for mixed use. The main building features two bedrooms, a full kitchen, a dining area, a living room, and one bathroom. A separate building includes a kitchenette and one full bathroom. There is also an open-concept building suitable for gatherings or meetings, as well as a 40-foot by 60-foot workshop with electricity. The property is fully fenced with gates on both County Road 148 and Highway 6.
Key Highlights
- Mixed‑use zoning offers versatile residential or commercial potential.
- 40' x 60' workshop with electricity provides ample workspace.**
- Located on the corner of Hwy 6 and CR 148, providing high 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
$43,049
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
6.62%
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%
$860,980
$861.0K
Cap Rate 7%
$614,986
$615.0K
Cap Rate 9%
$478,322
$478.3K
Market Conditions
NOI Build-Up for 5,218 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
$78.3K $15.00/SF
− Vacancy
−$9.4K −$1.80/SF
EGI
$68.9K $13.20/SF
− OpEx
−$25.8K −$4.95/SF
NOI
$43.0K $8.25/SF
Area
Brazoria County, TX
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
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%
$860,980
Cap Rate 7%
$614,986
Cap Rate 9%
$478,322
Alternative Uses
Best Use
Retail
$1.01M
$883.5K – $1.18M
NOI $70,679 @ 7.0% cap · market cap 10.87%
Second Best
Mixed Use
$615.0K
$538.1K – $717.5K
NOI $43,049 @ 7.0% cap · market cap 6.62%
Theoretical Best
Multifamily LT 5
$65.00M
$56.88M – $75.84M
NOI $4,550,247 @ 7.0% cap · market cap 700.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
Explore this area
Business Placement
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?
Mixed-use property - Versatile mixed-use property with residence, workshop, and open concept building.
Where is this mixed-use property located?
The property is located at 2900 W Highway 6 Alvin, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Mixed‑use zoning offers versatile residential or commercial potential.; 40' x 60' workshop with electricity provides ample workspace.**; Located on the corner of Hwy 6 and CR 148, providing high visibility and accessibility.
