Operating Investment Property For
309 W Archer Rd, Baytown, TX 77521
For Sale
$2,000,000
Pending
Operating investment property built in 2022 with growing revenue.
Property Size18,500 SF
Lot Size5.40 Acres
Days on Market248
Property Features for 309 W Archer Rd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Funk Group
Listed By:
Wade Funk · License TX #0641929
(512) 705-9722
Source:
Elliman
Added: Mar 11
Changed: Nov 11
Last Checked: Nov 12 at 8:35AM
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 Funk Group
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Investment Insights
Based on property information with market context.
This operating investment property was built in 2022 and demonstrates considerable year-over-year increases in revenue and occupancy. Additional covered spaces present the potential for conversion to increase top-line revenue. The property currently has a net operating income of approximately $141,000, with occupancy up to 80%, representing a 27% increase year-over-year. The property is suitable for mobile home and RV parks, multifamily properties, and residential income properties.
Key Highlights
- Significant year‑over‑year increases in revenue and occupancy
- Current Net Operating Income (NOI) of approximately $141,000
- Occupancy rate is up to 80% (27% increase year‑over‑year)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,656
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,453,120
$2.5M
Cap Rate 7%
$1,752,229
$1.8M
Cap Rate 9%
$1,362,844
$1.4M
Market Conditions
NOI Build-Up for 18,500 SF
Gross rent
$246.4K $13.32/SF
− Vacancy
−$23.4K −$1.27/SF
EGI
$223.0K $12.05/SF
− OpEx
−$100.4K −$5.42/SF
NOI
$122.7K $6.63/SF
Area
Harris County, TX
Vacancy
9.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,453,120
Cap Rate 7%
$1,752,229
Cap Rate 9%
$1,362,844
Alternative Uses
Best Use
Apartment 5plus
$1.75M
$1.53M – $2.04M
NOI $122,656 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.05M
$4.42M – $5.89M
NOI $353,602 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
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Business Placement
Demographics for 77521, TX
65,058
Population
25,131
Households
2.6
Avg Household Size
33
Median Age
18%
College-Educated
82%
High-School Grad
49.3 sq mi
ZIP Area
1,320
Density / Sq Mi
$76,012
Median Household Income
$45,522
Median Earnings
$1,312
Median Rent
$220,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mobile home & RV parks in Harris County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Operating investment property built in 2022 with growing revenue.
Where is this mobile home & rv park located?
The property is located at 309 W Archer Rd Baytown, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Significant year‑over‑year increases in revenue and occupancy; Current Net Operating Income (NOI) of approximately $141,000; Occupancy rate is up to 80% (27% increase year‑over‑year)
