Mixed-Use Live-Work
4609 Broadway St Galveston, TX 77551
4609 Broadway St, Galveston, TX, 77551
$500,000
For Sale
$500,000
Mixed-use building combining updated residential space with ground-level commercial area in shell condition.
Property Size2,250 SF
Price / SF$222.22
Days on Market79
Property Features for 4609 Broadway St
General Information
- Standard status
- Active
- Size
- 2,250 SF
Listing agency
LPT Realty LLC
(713) 806-9491
Listed by
Jose C Salinas
(713) 806-9491
Source
Exprealty
Added: May 5 Updated: Jul 22 at 8:36AM Checked: Jul 22 at 8:36AM
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 LPT Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use live-work building offers a combination of residential and ground-level commercial space. The updated residential areas include modern finishes, while the ground-level commercial portion is currently in shell condition to allow for future build-out. Front and rear access provide added convenience for day-to-day use.
The property is located on Broadway with strong visibility and access. It is not legally subdivided, so any future configuration would need to be evaluated accordingly. Buyer is advised to verify all measurements, zoning, permitted uses, and any short-term rental or commercial restrictions, as information provided is deemed reliable but not guaranteed.
Overall, the layout supports multiple use options for owner-users and investors seeking flexibility between living on-site and commercial occupancy, subject to applicable approvals and verification.
The property is located on Broadway with strong visibility and access. It is not legally subdivided, so any future configuration would need to be evaluated accordingly. Buyer is advised to verify all measurements, zoning, permitted uses, and any short-term rental or commercial restrictions, as information provided is deemed reliable but not guaranteed.
Overall, the layout supports multiple use options for owner-users and investors seeking flexibility between living on-site and commercial occupancy, subject to applicable approvals and verification.
Key Highlights
- Mixed‑use building on Broadway with both residential and ground‑level commercial space
- Updated residential areas with modern finishes
- Ground‑level commercial space currently in shell condition, ready for future build‑out
Local Financial Insights For Retail
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 | $45.9k | $20.40 |
| − Vacancy | −$2.6k | −$1.16 |
| EGI | $43.3k | $19.24 |
| − OpEx | −$13.0k | −$5.77 |
| NOI | $30.3k | $13.47 |
2,250 SF · lease $20.40/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$432.8K
$378.7K – $505.0K
NOI $30,299 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$411.5K
$360.1K – $480.1K
NOI $28,804 @ 7.0% cap · market cap 5.76%
Theoretical Best
Multifamily LT 5
$25.23M
$22.07M – $29.43M
NOI $1,765,808 @ 7.0% cap · market cap 353.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building combining updated residential space with ground-level commercial area in shell condition.
Where is this live-work space located?
The property is located at 4609 Broadway St Galveston, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Mixed‑use building on Broadway with both residential and ground‑level commercial space; Updated residential areas with modern finishes; Ground‑level commercial space currently in shell condition, ready for future build‑out
