Flex Building with Fenced
For Sale
Contact for pricing
3050 E Parkway St, Groves, TX 77619
C-1 Retail zoning, gated outdoor storage, and warehouse access support a range of commercial operations.
Property Size1,980 SF
Price / SF$126.26
Days on Market90
Property Features for 3050 E Parkway St
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Retail
Zoning
C-1 Retail
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Amenities
full kitchen
full bath with stand up shower
Building Details
Building Size
1,980 SF
Listing Agency:
Advantage Real Estate
Listed By:
Jon Carona · License #TX
(409) 474-1090
Source:
Crexi
Added: Jul 17
Changed: Oct 12
Last Checked: Oct 12 at 6:50PM
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 Advantage Real Estate
Investment Insights
Based on property information with market context.
This 1,980-square-foot flex property combines warehouse functionality with features suited to an owner-operated commercial business. The building includes a full kitchen and a full bathroom with a stand-up shower, while the warehouse area provides roll-up door access and varied ceiling heights. A fenced and gated yard adds secured outdoor equipment storage, complemented by a covered exterior storage area.
The property is located at 3050 E Parkway St in Groves, directly along State Highway 73. Its C-1 Retail zoning supports a broad range of commercial and retail uses. The site is also near major refinery operations, including Motiva, Total Petrochemicals, BASF, Indorama Ventures, and Valero.
The property is located at 3050 E Parkway St in Groves, directly along State Highway 73. Its C-1 Retail zoning supports a broad range of commercial and retail uses. The site is also near major refinery operations, including Motiva, Total Petrochemicals, BASF, Indorama Ventures, and Valero.
Key Highlights
- 1,980‑square‑foot flex building on State Highway 73
- C‑1 Retail zoning supports a broad range of commercial and retail uses
- Fenced and gated yard for equipment storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,624
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,480
$332.5K
Cap Rate 7%
$237,486
$237.5K
Cap Rate 9%
$184,711
$184.7K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$27.3K $13.80/SF
− Vacancy
−$1.7K −$0.88/SF
EGI
$25.6K $12.92/SF
− OpEx
−$9.0K −$4.52/SF
NOI
$16.6K $8.40/SF
Area
Jefferson County, TX
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,480
Cap Rate 7%
$237,486
Cap Rate 9%
$184,711
Alternative Uses
Best Use
Retail
$451.8K
$395.3K – $527.1K
NOI $31,625 @ 7.0% cap · market cap 12.65%
Second Best
Flex RnD
$237.5K
$207.8K – $277.1K
NOI $16,624 @ 7.0% cap · market cap 6.65%
Theoretical Best
Multifamily LT 5
$22.25M
$19.47M – $25.95M
NOI $1,557,229 @ 7.0% cap · market cap 622.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77619, TX
17,349
Population
6,885
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
5.4 sq mi
ZIP Area
3,213
Density / Sq Mi
$70,485
Median Household Income
$43,314
Median Earnings
$1,247
Median Rent
$153,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C-1 Retail zoning, gated outdoor storage, and warehouse access support a range of commercial operations.
Where is this flex space located?
The property is located at 3050 E Parkway St Groves, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,980‑square‑foot flex building on State Highway 73; C‑1 Retail zoning supports a broad range of commercial and retail uses; Fenced and gated yard for equipment storage
