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    Seadrift Commercial Unit on Main Title is generated by Realmo AI

    505 S Main St, Seadrift, TX 77983

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    For Sale
    $90,000

    936 SF commercial unit on Main Street in Seadrift, TX.

    Property size:
    936 SF
    Price / SF:
    $96/SF
    Added:
    Nov 20, 2025
    Days on Market:
    189
    Last Refresh:
    May 21 at 5:26 am

    Property Features for 505 S Main St

    General Information

    Standard status
    Active
    Size
    936 SF

    We can help!

    Listing Contact
    Kathleen A Lambright

    Listing agent Kathleen A Lambright License #0467984

    Listing office Pooley Land & Realty Company

    Listing date Nov 20, 2025

    Source Exprealty

    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 Pooley Land & Realty Company

    HighLights

    • Unrestricted Use: No limitations on how the property can be utilized.
    • Fenced and Gated Rear Yard: Provides security and privacy.
    • Main Street Frontage: Offers high visibility and accessibility.
    • Durable Concrete Block Construction: Solid structure built in the 1960s.
    • Newer Windows: Indicates recent upgrades to the front of the building.
    • Historical Significance: Previously used as a post office and hurricane shelter.

    Overview

    The property is a 936 square foot commercial unit featuring one large room and a separate restroom. All services are installed, but the seller has no knowledge of their condition. Constructed in the 1960s with concrete blocks filled with concrete, the structure has a flat roof and newer windows in the front wall. The unit is being sold "as is" with no repairs or treatments by the seller. Facing Main Street, the property benefits from moderate traffic, paved access, a sidewalk, and on-street parking. There are no restrictions for use. The rear yard is completely fenced and gated, though heavy brush obstructs the area from the rear entrance to the alley inside the fenced area. Originally built to house a post office and used as a hurricane shelter in the 1960s, its last use was as a day-care type facility before the Covid era. The property is located in Seadrift, TX.
    Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center Bar & Pub Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seadrift
    County
    Calhoun
    State
    Texas
    Longitude
    -96.711018
    Latitude
    28.411995

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    FAQs

    What type of property is this?
    Day care center - 936 SF commercial unit on Main Street in Seadrift, TX.
    Where is this day care center located?
    The property is located at 505 S Main St Seadrift, TX.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: Unrestricted Use: No limitations on how the property can be utilized.; Fenced and Gated Rear Yard: Provides security and privacy.; Main Street Frontage: Offers high visibility and accessibility.
    (361) 648-6781
    We can help!
    Listing Contact
    Kathleen A Lambright
    Real Estate License ID: 0467984
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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