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 Market177
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, Inc.
(832) 689-0105
Listed By:
Jason C. Kieschnick · License #TX #512911
(832) 689-0105
Source:
Zann
Added: Mar 6
Changed: Aug 11
Last Checked: Aug 29 at 7:15AM
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, Inc.
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 = 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
$9,599
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
5.09%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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.
