Gas Station with Car
New
For Sale
$500,000
637 W Mulberry St, Angleton, TX 77515
Operating fuel and convenience property with on-site detailing and food truck income sources.
Property Size3,960 SF
Days on Market2
Property Features for 637 W Mulberry St
General Information
Standard status
Active
Size
3,960 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Traffic Count
15,000 vehicles/day
Amenities
car detailing
food truck
Building Details
Building Size
3,960 SF
Year Built
1990
Listing Agency:
Matthews Real Estate Investment Services | Austin
(214) 692-2037
Listed By:
Andrew Ivankovich · License #678815 (TX)
(214) 692-2037
Source:
Matthews
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 3:28AM
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 Matthews Real Estate Investment Services | Austin
Investment Insights
Based on property information with market context.
This gas station and convenience retail property was built in 1990 and has established operations in place. The site includes on-site car detailing and a food truck, adding business activity beyond fuel and store sales. No fuel supply contract is currently in place, giving a new owner flexibility to negotiate supply terms or select a different fuel provider.
The property is located at 637 W Mulberry St in Angleton, Texas, approximately 45 miles south of Houston. The corridor carries approximately 15,000+ vehicles per day, supporting exposure for fuel and convenience retail operations. The offering is suited to an owner-user seeking an operating station with multiple on-site components.
The property is located at 637 W Mulberry St in Angleton, Texas, approximately 45 miles south of Houston. The corridor carries approximately 15,000+ vehicles per day, supporting exposure for fuel and convenience retail operations. The offering is suited to an owner-user seeking an operating station with multiple on-site components.
Key Highlights
- Operating gas station and convenience retail property built in 1990
- Approximately 15,000+ vehicles per day along the surrounding corridor
- On‑site car detailing operation
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
$20,392
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
4.08%
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%
$407,840
$407.8K
Cap Rate 7%
$291,314
$291.3K
Cap Rate 9%
$226,578
$226.6K
Market Conditions
NOI Build-Up for 3,960 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
$31.8K $8.04/SF
− Vacancy
−$2.7K −$0.68/SF
EGI
$29.1K $7.36/SF
− OpEx
−$8.7K −$2.21/SF
NOI
$20.4K $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%
$407,840
Cap Rate 7%
$291,314
Cap Rate 9%
$226,578
Alternative Uses
Best Use
Specialty Retail
$821.9K
$719.2K – $958.9K
NOI $57,532 @ 7.0% cap · market cap 11.51%
Second Best
Retail
$766.3K
$670.5K – $894.0K
NOI $53,639 @ 7.0% cap · market cap 10.73%
Theoretical Best
Multifamily LT 5
$49.33M
$43.17M – $57.55M
NOI $3,453,235 @ 7.0% cap · market cap 690.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
542
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
542 visits/mo
0.3 miles
Demographics for 77515, TX
32,710
Population
13,127
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
204.5 sq mi
ZIP Area
160
Density / Sq Mi
$89,029
Median Household Income
$48,097
Median Earnings
$1,024
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Operating fuel and convenience property with on-site detailing and food truck income sources.
Where is this gas station located?
The property is located at 637 W Mulberry St Angleton, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Operating gas station and convenience retail property built in 1990; Approximately 15,000+ vehicles per day along the surrounding corridor; On‑site car detailing operation
