Listing Agency: The Sears Group

Listed By: Michael Neadeau · License #0806969 Show Phone

Source: Compass

Added: Oct 14, 2025 Changed: Oct 8 Last Checked: Oct 7 at 3:51PM

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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 / Yr

$115,351

Cap Rate

8.87%

Suggested Prices Based on Cap Rates

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

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 Rate 5%

$2,307,020

Cap Rate 7%

$1,647,871

Cap Rate 9%

$1,281,678

Alternative Uses

Best Use

Industrial

$1.65M

$1.44M – $1.92M (±1% cap)

NOI $115,351 @ 7.0% cap · market cap 8.87%

Second Best

Flex RnD

$1.59M

$1.39M – $1.86M (±1% cap)

NOI $111,325 @ 7.0% cap · market cap 8.56%

Theoretical Best

Multifamily LT 5

$279.05M

$244.17M – $325.56M (±1% cap)

NOI $19,533,448 @ 7.0% cap · market cap 1,502.57%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage Locksmith Garden Center (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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 Avenue 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.**