Manvel Commercial Building For
For Sale
Contact for pricing
7318 Rodgers Rd, Manvel, TX 77578
Commercial building in rapidly growing area with multiple opportunities.
Property Size3,584 SF
Price / SF$153.46
Days on Market167
Property Features for 7318 Rodgers Rd
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Office
Zoning
light commercial
Listing Agency:
Texas Home Team Realtors
(281) 997-7979
Listed By:
Dovie Williams · License #0417332
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 9 at 5:57AM
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 Texas Home Team Realtors
Investment Insights
Based on property information with market context.
This commercial building is located in downtown Manvel, a rapidly growing area. The corner lot property is currently configured as a dental office, but it presents multiple potential opportunities. Parking is available at the front and rear of the building. The property offers convenient access to Highway 6 from multiple directions. The property size is 3584 square feet.
Key Highlights
- Rapidly growing area of Manvel
- Corner lot with front and rear parking
- Easy access to Hwy 6
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
$47,960
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
8.72%
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%
$959,200
$959.2K
Cap Rate 7%
$685,143
$685.1K
Cap Rate 9%
$532,889
$532.9K
Market Conditions
NOI Build-Up for 3,584 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
$110.1K $30.72/SF
− Vacancy
−$30.2K −$8.42/SF
EGI
$79.9K $22.30/SF
− OpEx
−$32.0K −$8.92/SF
NOI
$48.0K $13.38/SF
Area
Brazoria County, TX
Vacancy
27.40%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
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%
$959,200
Cap Rate 7%
$685,143
Cap Rate 9%
$532,889
Alternative Uses
Best Use
Office B
$854.8K
$747.9K – $997.2K
NOI $59,834 @ 7.0% cap · market cap 10.88%
Second Best
Healthcare Medical
$685.1K
$599.5K – $799.3K
NOI $47,960 @ 7.0% cap · market cap 8.72%
Theoretical Best
Multifamily LT 5
$44.65M
$39.07M – $52.09M
NOI $3,125,352 @ 7.0% cap · market cap 568.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77578, TX
25,228
Population
9,939
Households
2.5
Avg Household Size
36
Median Age
45%
College-Educated
91%
High-School Grad
38.4 sq mi
ZIP Area
657
Density / Sq Mi
$132,571
Median Household Income
$69,615
Median Earnings
$1,936
Median Rent
$359,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial building in rapidly growing area with multiple opportunities.
Where is this medical office space located?
The property is located at 7318 Rodgers Rd Manvel, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Rapidly growing area of Manvel; Corner lot with front and rear parking; Easy access to Hwy 6
