Industrial Building with
For Sale
$1,720,000
3811 1/2 Fm 646 N, Santa Fe, TX 77510
Industrial building combines a shop with multiple overhead doors and a second-floor office apartment.
Property Size9,124 SF
Lot Size1.80 Acres
Price / SF$188.51
Days on Market143
Property Features for 3811 1/2 Fm 646 N
General Information
Standard status
Active
Size
9,124 SF
Lot size
1.80 Acres
Property subtype
Industrial
Additional Details
Utilities to Site
Yes
Drive-In Doors
9
Multifamily Units
1
Building Details
Building Size
9,124 SF
Stories
2
Listing Agency:
Caldwell Companies
Listed By:
Mark Terpstra · License #TX #443855
(281) 413-7404
Source:
Caldwellcos
Added: Jun 3
Changed: Oct 21
Last Checked: Oct 20 at 6:33PM
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 Caldwell Companies
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Investment Insights
Based on property information with market context.
This for-sale industrial building is built around a shop component and a dedicated office level. The property includes 4,000 SF of warehouse space and 5,124 SF of office space on the second floor that is configured as an apartment. The shop totals 240 and 480V power availability and is served by seven overhead doors. In addition, there are two garages with overhead doors, supporting flexible vehicle and material movement.
The building sits on approximately 1.8 acres and includes gated access. City utilities are available, helping support everyday operations. Additional land is also available if your use requires more outdoor or storage area.
For buyers seeking a single-site setup with both production and office functions, the layout offers an on-property shop plus an upstairs office apartment configuration. The presence of multiple overhead doors and overhead-door garages can be useful for tenants or operators looking to load and stage equipment and inventory with more than one access point. The property’s combination of warehouse, shop, and office space may fit light industrial users that need operational space alongside dedicated administrative area.
The building sits on approximately 1.8 acres and includes gated access. City utilities are available, helping support everyday operations. Additional land is also available if your use requires more outdoor or storage area.
For buyers seeking a single-site setup with both production and office functions, the layout offers an on-property shop plus an upstairs office apartment configuration. The presence of multiple overhead doors and overhead-door garages can be useful for tenants or operators looking to load and stage equipment and inventory with more than one access point. The property’s combination of warehouse, shop, and office space may fit light industrial users that need operational space alongside dedicated administrative area.
Key Highlights
- 9,124 SF industrial building with a 4,000 SF warehouse, 5,124 SF office (2nd floor apartment), and shop space
- Shop includes 7 overhead doors plus 2 additional garages with overhead doors
- Shop offers 240V and 480V power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,390
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,800
$1.1M
Cap Rate 7%
$805,571
$805.6K
Cap Rate 9%
$626,556
$626.6K
Market Conditions
NOI Build-Up for 9,124 SF
Gross rent
$70.8K $7.76/SF
− Vacancy
−$4.5K −$0.49/SF
EGI
$66.3K $7.27/SF
− OpEx
−$10.0K −$1.09/SF
NOI
$56.4K $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 Rate 5%
$1,127,800
Cap Rate 7%
$805,571
Cap Rate 9%
$626,556
Alternative Uses
Best Use
Warehouse
$805.6K
$704.9K – $939.8K
NOI $56,390 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$663.4K
$580.5K – $774.0K
NOI $46,439 @ 7.0% cap · market cap 2.70%
Theoretical Best
Multifamily LT 5
$102.29M
$89.51M – $119.34M
NOI $7,160,548 @ 7.0% cap · market cap 416.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9
Drive-in doors
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 77510, TX
14,357
Population
5,896
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
89%
High-School Grad
30.4 sq mi
ZIP Area
472
Density / Sq Mi
$96,284
Median Household Income
$58,146
Median Earnings
$1,067
Median Rent
$281,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial building combines a shop with multiple overhead doors and a second-floor office apartment.
Where is this flex space located?
The property is located at 3811 1/2 Fm 646 N Santa Fe, TX.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: 9,124 SF industrial building with a 4,000 SF warehouse, 5,124 SF office (2nd floor apartment), and shop space; Shop includes 7 overhead doors plus 2 additional garages with overhead doors; Shop offers 240V and 480V power
