La Marque Commercial Kitchen
For Sale
Contact for pricing
719 S Oak St, La Marque, TX
Single-tenant building with commercial kitchen, offices, and meeting room.
Property Size2,670 SF
Lot Size0.14 Acres
Price / SF$84.27
Days on Market871
Property Features for 719 S Oak St
General Information
Standard status
Active
Size
2,670 SF
Lot size
0.14 Acres
Property subtype
RETAIL
Listing Agency:
Jeff Bulman Real Estate
(281) 450-8689
Listed By:
Jeff Bulman
(281) 612-5333
Source:
Moodyscre
Added: Jun 7, 2024
Changed: Oct 23
Last Checked: Oct 24 at 4:44PM
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 Jeff Bulman Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-tenant building, formerly a commercial kitchen, is located in La Marque, Texas. The property, situated on Oak Street, benefits from high visibility due to its frontage on Highway 3. The building features a reception area, two full bathrooms, a kitchen, four offices, and a large meeting room. Recent upgrades include a new roof and interior paint.
Key Highlights
- Outstanding visibility due to Oak Street frontage on Highway 3.
- Recently reroofed.
- Previously used as a commercial kitchen.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,590
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,800
$271.8K
Cap Rate 7%
$194,143
$194.1K
Cap Rate 9%
$151,000
$151.0K
Market Conditions
NOI Build-Up for 2,670 SF
Gross rent
$20.7K $7.76/SF
− Vacancy
−$1.3K −$0.49/SF
EGI
$19.4K $7.27/SF
− OpEx
−$5.8K −$2.18/SF
NOI
$13.6K $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%
$271,800
Cap Rate 7%
$194,143
Cap Rate 9%
$151,000
Alternative Uses
Best Use
Specialty Retail
$553.6K
$484.4K – $645.8K
NOI $38,749 @ 7.0% cap · market cap 17.22%
Second Best
Retail
$513.6K
$449.4K – $599.2K
NOI $35,954 @ 7.0% cap · market cap 15.98%
Theoretical Best
Multifamily LT 5
$29.93M
$26.19M – $34.92M
NOI $2,095,426 @ 7.0% cap · market cap 931.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
510
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,962 visits/mo
0.5 miles
Valero Energy
Shops & Services
5,610 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant building with commercial kitchen, offices, and meeting room.
Where is this retail space located?
The property is located at 719 S Oak St La Marque, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Outstanding visibility due to Oak Street frontage on Highway 3.; Recently reroofed.; Previously used as a commercial kitchen.
