Live-Work Property with
For Sale
Contact for pricing
Pending
5930 County Road 396, Alvin, TX 77511
Extensively remodeled live-work property with a 3,300 SF warehouse shop and additional guest quarters for rental or housing use.
Property Size2,959 SF
Lot Size3.50 Acres
Days on Market114
Property Features for 5930 County Road 396
General Information
Standard status
Pending
Size
2,959 SF
Class
C
Lot size
3.50 Acres
Property subtype
Mixed Use
Zoning
NZ
Additional Details
Business Included
Yes
Heavy Power
Yes
Building Details
Year Built
1967
Buildings
3
Listing Agency:
KW Commercial | Houston Metropolitan
Listed By:
Bo Faber · License #TX 657051
(281) 908-3122
Source:
Crexi
Added: May 15
Changed: Aug 31
Last Checked: Aug 31 at 7:35AM
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 KW Commercial | Houston Metropolitan
Investment Insights
Based on property information with market context.
This extensively remodeled live-work property is set on 3.5 acres and designed for mixed use. The offering includes an updated main residence, an approximately 3,300 SF warehouse/shop equipped with roll-up doors, 220V power, a lift, office space, and restroom facilities. A second approximately 1,250 SF guest quarters/apartment provides additional space that can support rental income or employee housing.
The property offers ample parking and is located in growing Brazoria County with convenient access to major regional thoroughfares throughout the Greater Houston area. Additional stated benefits include major system upgrades, a low tax rate, and no HOA.
With on-site residential accommodations and a functional warehouse/workshop setup, the layout supports an owner-user or contractor-style operation while also accommodating separate guest quarters for additional occupancy.
The property offers ample parking and is located in growing Brazoria County with convenient access to major regional thoroughfares throughout the Greater Houston area. Additional stated benefits include major system upgrades, a low tax rate, and no HOA.
With on-site residential accommodations and a functional warehouse/workshop setup, the layout supports an owner-user or contractor-style operation while also accommodating separate guest quarters for additional occupancy.
Key Highlights
- Extensively remodeled live‑work property built in 1967 on 3.5 acres in Brazoria County
- Approximately 3,300 SF warehouse/shop with roll‑up doors, 220V power, lift, office, and restroom facilities
- Additional approximately 1,250 SF guest quarters/apartment for rental income or employee housing
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
$49,400
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
5.65%
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%
$988,000
$988.0K
Cap Rate 7%
$705,714
$705.7K
Cap Rate 9%
$548,889
$548.9K
Market Conditions
NOI Build-Up for 2,959 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
$87.7K $29.64/SF
− Vacancy
−$21.8K −$7.38/SF
EGI
$65.9K $22.26/SF
− OpEx
−$16.5K −$5.56/SF
NOI
$49.4K $16.69/SF
Area
Brazoria County, TX
Vacancy
24.90%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
25.00%
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%
$988,000
Cap Rate 7%
$705,714
Cap Rate 9%
$548,889
Alternative Uses
Best Use
Office B
$705.7K
$617.5K – $823.3K
NOI $49,400 @ 7.0% cap · market cap 5.65%
Second Best
Mixed Use
$348.7K
$305.2K – $406.9K
NOI $24,412 @ 7.0% cap · market cap 2.79%
Theoretical Best
Multifamily LT 5
$36.86M
$32.25M – $43.01M
NOI $2,580,334 @ 7.0% cap · market cap 294.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 77511, TX
51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Extensively remodeled live-work property with a 3,300 SF warehouse shop and additional guest quarters for rental or housing use.
Where is this live-work space located?
The property is located at 5930 County Road 396 Alvin, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Extensively remodeled live‑work property built in 1967 on 3.5 acres in Brazoria County; Approximately 3,300 SF warehouse/shop with roll‑up doors, 220V power, lift, office, and restroom facilities; Additional approximately 1,250 SF guest quarters/apartment for rental income or employee housing
