48-Room
3501 7th St, Bay City, TX 77414
For Sale
New
$900,000
Existing tenant leases and payment agreements accompany a hospitality property with rooms requiring repair.
Property Size19,431 SF
Price / SF$46.32
Days on Market2
Property Features for 3501 7th St
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
Asking Price
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Parham Realty
Listed By:
Jason Parham · License #727586
(254) 217-0243
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 4:26AM
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 Parham Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 48-room hospitality property in Bay City, Texas, contains approximately 19,431 square feet of building area. The property is offered as-is, and many rooms require repair. Existing tenant leases and payment agreements are in place, with current utilization described as limited.
Key Highlights
- 48‑room hospitality property
- Approximately 19,431 square feet of building area
- Many rooms require repair
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,777
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,540
$1.4M
Cap Rate 7%
$996,814
$996.8K
Cap Rate 9%
$775,300
$775.3K
Market Conditions
NOI Build-Up for 19,431 SF
Gross rent
$233.2K $12.00/SF
− Vacancy
−$86.3K −$4.44/SF
EGI
$146.9K $7.56/SF
− OpEx
−$77.1K −$3.97/SF
NOI
$69.8K $3.59/SF
Area
Matagorda County, TX
Vacancy
37.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,395,540
Cap Rate 7%
$996,814
Cap Rate 9%
$775,300
Alternative Uses
Best Use
Hotel Hospitality
$996.8K
$872.2K – $1.16M
NOI $69,777 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.94M
$4.32M – $5.76M
NOI $345,736 @ 7.0% cap · market cap 38.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
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Business Placement
Demographics for 77414, TX
23,416
Population
12,254
Households
1.9
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
555.1 sq mi
ZIP Area
42
Density / Sq Mi
$57,545
Median Household Income
$35,819
Median Earnings
$991
Median Rent
$166,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Existing tenant leases and payment agreements accompany a hospitality property with rooms requiring repair.
Where is this hotel located?
The property is located at 3501 7th St Bay City, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 48‑room hospitality property; Approximately 19,431 square feet of building area; Many rooms require repair
