RV Cover Warehouse with Roll-Up
For Sale
$200,000
6123 Blue Water Boulevard, Sargent, TX 77414
Covered RV warehouse with spray foam insulation, roll-up doors on both ends, and pull-through access.
Property Size1,200 SF
Price / SF$166.67
Days on Market230
Property Features for 6123 Blue Water Boulevard
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Land
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$1,082
Amenities
Cleared,Split Possible
Public
11324
0.26
Appraiser
Asphalt
Building Details
Year Built
2022
Listing Agency:
eXp Realty LLC
(281) 444-5140
Listed By:
Patricia Castro · License #0652220
(281) 236-3181
Source:
Garygreene
Added: Jan 20
Changed: Sep 6
Last Checked: Sep 7 at 4:50AM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This for-sale RV cover warehouse includes spray foam insulation in the covered area and roll-up doors on each end. The structure is supported by a windstorm certificate, and the property is serviced by utilities on-site.
The offering includes the covered RV structure plus a second lot. Concrete extends from road to road to support pull-through access through the property.
The RV shown in the photos is not included with the property. See attachments for additional details.
The offering includes the covered RV structure plus a second lot. Concrete extends from road to road to support pull-through access through the property.
The RV shown in the photos is not included with the property. See attachments for additional details.
Key Highlights
- Covered RV warehouse with 1,200 sq ft of covered space
- Spray foam insulation in the covered area
- Roll‑up doors on both ends of the covered area
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
$7,417
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
3.71%
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%
$148,340
$148.3K
Cap Rate 7%
$105,957
$106.0K
Cap Rate 9%
$82,411
$82.4K
Market Conditions
NOI Build-Up for 1,200 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
$9.3K $7.76/SF
− Vacancy
−$587 −$0.49/SF
EGI
$8.7K $7.27/SF
− OpEx
−$1.3K −$1.09/SF
NOI
$7.4K $6.18/SF
Area
Matagorda 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 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%
$148,340
Cap Rate 7%
$105,957
Cap Rate 9%
$82,411
Alternative Uses
Best Use
Warehouse
$106.0K
$92.7K – $123.6K
NOI $7,417 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$13.45M
$11.77M – $15.70M
NOI $941,764 @ 7.0% cap · market cap 470.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77414, TX
23,416
Population
12,254
Households
1.9
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
555.1 sq mi
ZIP Area
42
Density / Sq Mi
$57,545
Median Household Income
$35,819
Median Earnings
$991
Median Rent
$166,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- boat cover — 365 County Rd 201, Bay City, TX 77414
Frequently Asked Questions
What type of property is this?
Warehouse - Covered RV warehouse with spray foam insulation, roll-up doors on both ends, and pull-through access.
Where is this warehouse located?
The property is located at 6123 Blue Water Boulevard Sargent, TX.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Covered RV warehouse with 1,200 sq ft of covered space; Spray foam insulation in the covered area; Roll‑up doors on both ends of the covered area
