Freestanding Flex Building in
For Sale
$188,600
714 7th Avenue North, Texas City, TX 77590
Flex building in the heart of Texas City.
Property Size1,886 SF
Days on Market222
Property Features for 714 7th Avenue North
General Information
Standard status
Active
Size
1,886 SF
Class
C
Property subtype
Office
Building Details
Building Size
1,886 SF
Year Built
1970
Listing Agency:
Zann Commercial Brokerage
Listed By:
Jason C. Kieschnick · License #TX #512911
(832) 689-0105
Source:
Zann
Added: Mar 6
Changed: Oct 14
Last Checked: Oct 12 at 6:57PM
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 Zann Commercial Brokerage
Investment Insights
Based on property information with market context.
This freestanding flex building is situated in the heart of Texas City. The property benefits from its proximity to the revitalized 6th Street corridor, the Texas City Dike, and numerous petrochemical plants, as well as other well-known locations within the city. The site includes 9 on-site parking spaces and pylon signage. An undeveloped lot is available for expansion or future resale. The building is suitable for a variety of uses, including office, medical, retail, or day care.
Key Highlights
- Located in the heart of Texas City, near revitalized 6th Street corridor, petrochemical plants, and the Texas City Dike.
- Freestanding flex building suitable for office, medical, retail, or day care use.
- Undeveloped lot for expansion or future resale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,599
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,980
$192.0K
Cap Rate 7%
$137,129
$137.1K
Cap Rate 9%
$106,656
$106.7K
Market Conditions
NOI Build-Up for 1,886 SF
Gross rent
$14.6K $7.76/SF
− Vacancy
−$922 −$0.49/SF
EGI
$13.7K $7.27/SF
− OpEx
−$4.1K −$2.18/SF
NOI
$9.6K $5.09/SF
Area
Galveston County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,980
Cap Rate 7%
$137,129
Cap Rate 9%
$106,656
Alternative Uses
Best Use
Industrial
$137.1K
$120.0K – $160.0K
NOI $9,599 @ 7.0% cap · market cap 5.09%
Second Best
Flex RnD
$130.3K
$114.0K – $152.1K
NOI $9,123 @ 7.0% cap · market cap 4.84%
Theoretical Best
Multifamily LT 5
$21.14M
$18.50M – $24.67M
NOI $1,480,140 @ 7.0% cap · market cap 784.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77590, TX
30,758
Population
14,419
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
84%
High-School Grad
25.2 sq mi
ZIP Area
1,221
Density / Sq Mi
$63,274
Median Household Income
$36,993
Median Earnings
$1,179
Median Rent
$168,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- SEISMIC RAVE℠ — 617 8th Ave N, Texas City, TX 77590
Frequently Asked Questions
What type of property is this?
Flex space - Flex building in the heart of Texas City.
Where is this flex space located?
The property is located at 714 7th Avenue North Texas City, TX.
What is the asking price?
The asking price for this property is $188,600.
What are key features of this property?
This property features: Located in the heart of Texas City, near revitalized 6th Street corridor, petrochemical plants, and the Texas City Dike.; Freestanding flex building suitable for office, medical, retail, or day care use.; Undeveloped lot for expansion or future resale.
