Manvel Industrial Property with Renovation
For Sale
Contact for pricing
6201 Dogwood Ave, Manvel, TX 77578
Industrial property in Manvel, TX, ideal for renovation and customization.
Property Size22,400 SF
Price / SF$58.04
Days on Market176
Property Features for 6201 Dogwood Ave
General Information
Standard status
Active
Size
22,400 SF
Class
C
Property subtype
Industrial
Zoning
R
Investment Type
Owner/User
Building Details
Year Built
1983
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
The Sears Group
Listed By:
Chris Sears · License #TX 0457682
Source:
Crexi
Added: Feb 16
Changed: Aug 8
Last Checked: Aug 10 at 11:21AM
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 The Sears Group
Investment Insights
Based on property information with market context.
This industrial property is located in the Manvel/Pearland corridor. The existing structure features a solid steel frame with approximately 33' eaves and 38' peak height. Approximately 3/4 of the building includes a second floor/mezzanine. The property also has a detention pond. Having been used for personal storage for many years, the property requires full interior renovation, making it suitable for a value-add investor or an owner-user seeking to customize a large industrial facility. The building is well-suited for manufacturing, warehouse, contractor yard, equipment storage, logistics, sports/fitness, or specialty commercial redevelopment. Large open spans, multiple access points, and a wide site layout provide circulation for trucks and yard storage. The property size is 22400 square feet.
Key Highlights
- Located in the rapidly developing Manvel/Pearland corridor.
- Substantial clear height: ±33' eaves and ±38' peak.**
- Value‑add opportunity: Ideal for customization at a fraction of new construction cost.**
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
$115,351
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
8.87%
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%
$2,307,020
$2.3M
Cap Rate 7%
$1,647,871
$1.6M
Cap Rate 9%
$1,281,678
$1.3M
Market Conditions
NOI Build-Up for 22,400 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
$180.1K $8.04/SF
− Vacancy
−$15.3K −$0.68/SF
EGI
$164.8K $7.36/SF
− OpEx
−$49.4K −$2.21/SF
NOI
$115.4K $5.15/SF
Area
Brazoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
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%
$2,307,020
Cap Rate 7%
$1,647,871
Cap Rate 9%
$1,281,678
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.33M
NOI $140,070 @ 7.0% cap · market cap 10.77%
Second Best
Industrial
$1.65M
$1.44M – $1.92M
NOI $115,351 @ 7.0% cap · market cap 8.87%
Theoretical Best
Multifamily LT 5
$279.05M
$244.17M – $325.56M
NOI $19,533,448 @ 7.0% cap · market cap 1,502.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77578, TX
25,228
Population
9,939
Households
2.5
Avg Household Size
36
Median Age
45%
College-Educated
91%
High-School Grad
38.4 sq mi
ZIP Area
657
Density / Sq Mi
$132,571
Median Household Income
$69,615
Median Earnings
$1,936
Median Rent
$359,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property in Manvel, TX, ideal for renovation and customization.
Where is this flex space located?
The property is located at 6201 Dogwood Ave Manvel, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Located in the rapidly developing Manvel/Pearland corridor.; Substantial clear height: ±33' eaves and ±38' peak.**; Value‑add opportunity: Ideal for customization at a fraction of new construction cost.**
