RV Storage Workshop
For Sale
$143,500
729 17th Street, Dickinson, TX 77539
Double-fenced lots include a 750 sq ft steel workshop with bay doors and an RV pad with utilities and covered seating.
Property Size750 SF
Price / SF$191.33
Days on Market107
Property Features for 729 17th Street
General Information
Standard status
Active
Size
750 SF
Property subtype
Land
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$1,028
Amenities
Curbs
Fenced
Listing Agency:
Pelican Bay, Realtors
(832) 721-7121
Listed By:
Kala Garcia
(832) 721-7121
Source:
Evrealestate
Added: May 9
Changed: Aug 23
Last Checked: Aug 22 at 7:56AM
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 Pelican Bay, Realtors
Investment Insights
Based on property information with market context.
The property features double fenced lots with two gated entrances and a 750 sq ft steel workshop/storage building. The workshop includes 100 amp electricity and two 12 ft bay doors. A long concrete driveway leads to a single car carport and an attached, metal awning-covered sitting area.
An included 20' x 40' RV pad is served by water/sewer and 50 amp electric hookups, along with a 16' high steel cover. An additional cleared lot on the adjacent south edge that is not inside the fenced property is also included.
Additional onsite utility and access features include washer and dryer connections and a setup designed around RV storage and workshop use.
An included 20' x 40' RV pad is served by water/sewer and 50 amp electric hookups, along with a 16' high steel cover. An additional cleared lot on the adjacent south edge that is not inside the fenced property is also included.
Additional onsite utility and access features include washer and dryer connections and a setup designed around RV storage and workshop use.
Key Highlights
- Double‑fenced lots with 2 gated entrances and a long concrete driveway
- 750 sq ft steel workshop/storage building with 100 amp electricity and two 12 ft bay doors
- 20' x 40' RV pad with a 16' high steel cover
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
$4,635
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
3.23%
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%
$92,700
$92.7K
Cap Rate 7%
$66,214
$66.2K
Cap Rate 9%
$51,500
$51.5K
Market Conditions
NOI Build-Up for 750 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
$5.8K $7.76/SF
− Vacancy
−$367 −$0.49/SF
EGI
$5.5K $7.27/SF
− OpEx
−$818 −$1.09/SF
NOI
$4.6K $6.18/SF
Area
Galveston County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
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%
$92,700
Cap Rate 7%
$66,214
Cap Rate 9%
$51,500
Alternative Uses
Best Use
Warehouse
$66.2K
$57.9K – $77.3K
NOI $4,635 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.41M
$7.36M – $9.81M
NOI $588,603 @ 7.0% cap · market cap 410.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Explore this area
Business Placement
Demographics for 77539, TX
48,183
Population
18,725
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
84%
High-School Grad
48.4 sq mi
ZIP Area
996
Density / Sq Mi
$85,263
Median Household Income
$49,580
Median Earnings
$1,370
Median Rent
$246,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Recreation land - Double-fenced lots include a 750 sq ft steel workshop with bay doors and an RV pad with utilities and covered seating.
Where is this recreation land located?
The property is located at 729 17th Street Dickinson, TX.
What is the asking price?
The asking price for this property is $143,500.
What are key features of this property?
This property features: Double‑fenced lots with 2 gated entrances and a long concrete driveway; 750 sq ft steel workshop/storage building with 100 amp electricity and two 12 ft bay doors; 20' x 40' RV pad with a 16' high steel cover
