Fenced Light Industrial
For Sale
Contact for pricing
3510 THIRD AVE S, Texas City, TX 77590
Fenced industrial facility with grade-level loading and office-bathroom space.
Property Size3,850 SF
Lot Size0.56 Acres
Price / SF$103.90
Days on Market20
Property Features for 3510 THIRD AVE S
General Information
Standard status
Active
Size
3,850 SF
Class
C
Lot size
0.56 Acres
Property subtype
Industrial
Zoning
Light Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
3,850 SF
Drive-In Doors
2
Building Details
Year Built
1991
Buildings
1
Stories
1
Units
1
Building Size
3,850 SF
Construction
steel I-beam
Listing Agency:
Texas Commercial Properties
(281) 337-8998
Listed By:
Lauren and Scot White · License #0591296
Source:
Crexi
Added: Aug 13
Changed: Aug 31
Last Checked: Aug 31 at 9:28AM
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 Texas Commercial Properties
Investment Insights
Based on property information with market context.
This Light Industrial warehouse contains 3,850 square feet within a clear-span steel I-beam structure. The building includes two 12-by-14-foot grade-level overhead doors, a small office with a bathroom, and an additional bathroom serving the warehouse. The improvements were built in 1991.
The property occupies 0.56 acres of stabilized land with complete fencing. Its Texas City setting provides proximity to the petrochemical corridor, SH 146, and I-45, supporting warehouse and industrial operations that benefit from regional highway access.
The property occupies 0.56 acres of stabilized land with complete fencing. Its Texas City setting provides proximity to the petrochemical corridor, SH 146, and I-45, supporting warehouse and industrial operations that benefit from regional highway access.
Key Highlights
- 3,850 SF warehouse on 0.56 acres of stabilized land
- Clear‑span steel I‑beam construction
- Two 12x14 grade‑level overhead doors
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
$23,795
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
5.95%
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%
$475,900
$475.9K
Cap Rate 7%
$339,929
$339.9K
Cap Rate 9%
$264,389
$264.4K
Market Conditions
NOI Build-Up for 3,850 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
$29.9K $7.76/SF
− Vacancy
−$1.9K −$0.49/SF
EGI
$28.0K $7.27/SF
− OpEx
−$4.2K −$1.09/SF
NOI
$23.8K $6.18/SF
Area
Galveston County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
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%
$475,900
Cap Rate 7%
$339,929
Cap Rate 9%
$264,389
Alternative Uses
Best Use
Warehouse
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$43.16M
$37.77M – $50.36M
NOI $3,021,494 @ 7.0% cap · market cap 755.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77590, TX
30,758
Population
14,419
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
84%
High-School Grad
25.2 sq mi
ZIP Area
1,221
Density / Sq Mi
$63,274
Median Household Income
$36,993
Median Earnings
$1,179
Median Rent
$168,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Twin City Boat Storage — 4028 FM1765, Texas City, TX 77591
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Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial facility with grade-level loading and office-bathroom space.
Where is this warehouse located?
The property is located at 3510 THIRD AVE S Texas City, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 3,850 SF warehouse on 0.56 acres of stabilized land; Clear‑span steel I‑beam construction; Two 12x14 grade‑level overhead doors
