Flex Warehouse with
3614 Alice St Galveston, TX 77554
For Sale
Contact for pricing
Two back-to-back warehouses include an office with full bath and open rear storage plus upstairs storage.
Property Size9,000 SF
Price / SF$122.22
Days on Market74
Property Features for 3614 Alice St
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
RE/MAX Leading Edge
(409) 771-0810
Listed By:
Taya Macon · License #0655349
(409) 771-0810
Source:
Moodyscre
Added: May 11
Changed: Jul 23
Last Checked: Jul 23 at 10:39AM
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 RE/MAX Leading Edge
Investment Insights
Based on property information with market context.
This versatile warehouse and flex property features a front warehouse with an office and full bath, along with a separate rear warehouse with a fully open layout and additional upstairs storage. The rear warehouse was previously used for toy storage, and the property also includes a fully concreted lot designed for low-maintenance, practical use.
The site is located in a highly desirable area with convenient access to Avenue S.
With two warehouse areas and added upstairs storage, the configuration supports a range of storage-focused and light operational uses, depending on tenant requirements.
The site is located in a highly desirable area with convenient access to Avenue S.
With two warehouse areas and added upstairs storage, the configuration supports a range of storage-focused and light operational uses, depending on tenant requirements.
Key Highlights
- Two back‑to‑back warehouses with a front warehouse office and a full bath
- Front warehouse office with full bath
- Back warehouse offers a completely open layout with additional upstairs storage
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.8k | $7.76 |
| − Vacancy | −$4.4k | −$0.49 |
| EGI | $65.4k | $7.27 |
| − OpEx | −$9.8k | −$1.09 |
| NOI | $55.6k | $6.18 |
9,000 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,215 @ 7.0% cap · market cap 10.47%
Second Best
Warehouse
$794.6K
$695.3K – $927.1K
NOI $55,624 @ 7.0% cap · market cap 5.06%
Theoretical Best
Multifamily LT 5
$100.90M
$88.29M – $117.72M
NOI $7,063,232 @ 7.0% cap · market cap 642.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Stewart & 89th Self Storage — 8901 Stewart Rd, Galveston, TX 77554
- La Petite Mini Storage — 8501 Stewart Rd, Galveston, TX 77554
FAQs
What type of property is this?
Warehouse - Two back-to-back warehouses include an office with full bath and open rear storage plus upstairs storage.
Where is this warehouse located?
The property is located at 3614 Alice St Galveston, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two back‑to‑back warehouses with a front warehouse office and a full bath; Front warehouse office with full bath; Back warehouse offers a completely open layout with additional upstairs storage
