Historic District Retail
For Sale
Contact for pricing
815 E Main St, League City, TX 77573
Retail setting among boutiques, restaurants, and established retailers in League City’s Historic District.
Property Size2,700 SF
Price / SF$248.15
Days on Market16
Property Features for 815 E Main St
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Retail
Building Details
Buildings
2
Listing Agency:
Titan Commercial
Listed By:
Harris Brooks · License #TX 680460
Source:
Crexi
Added: Aug 19
Changed: Sep 1
Last Checked: Sep 1 at 8:38PM
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 Titan Commercial
Investment Insights
Based on property information with market context.
This retail space is located at 815 E Main St in League City’s Historic District, an established commercial area with locally owned boutiques, restaurants, specialty shops, and established retailers. The surrounding mix supports a destination-oriented retail environment serving both residents and visitors.
League City is positioned between Houston and Galveston, placing the property within reach of the broader Bay Area customer base. Nearby demand drivers identified for the area include NASA Johnson Space Center, Clear Lake, Kemah, Baybrook Mall, and surrounding communities. The corridor also hosts community events and has seen ongoing small-business investment, adding activity to the surrounding retail setting.
League City is positioned between Houston and Galveston, placing the property within reach of the broader Bay Area customer base. Nearby demand drivers identified for the area include NASA Johnson Space Center, Clear Lake, Kemah, Baybrook Mall, and surrounding communities. The corridor also hosts community events and has seen ongoing small-business investment, adding activity to the surrounding retail setting.
Key Highlights
- Located at 815 E Main St in League City’s Historic District
- Surrounded by boutiques, restaurants, specialty shops, and established retailers
- Positioned between Houston and Galveston
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
$39,222
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
5.85%
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%
$784,440
$784.4K
Cap Rate 7%
$560,314
$560.3K
Cap Rate 9%
$435,800
$435.8K
Market Conditions
NOI Build-Up for 2,700 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
$59.3K $21.96/SF
− Vacancy
−$3.3K −$1.21/SF
EGI
$56.0K $20.75/SF
− OpEx
−$16.8K −$6.23/SF
NOI
$39.2K $14.53/SF
Area
League City, TX
Vacancy
5.50%
Lease Rate
$21.96 /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%
$784,440
Cap Rate 7%
$560,314
Cap Rate 9%
$435,800
Alternative Uses
Best Use
Retail
$560.3K
$490.3K – $653.7K
NOI $39,222 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$821.3K
$718.6K – $958.2K
NOI $57,490 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
Business Placement
Demographics for 77573, TX
95,256
Population
37,188
Households
2.6
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
29.8 sq mi
ZIP Area
3,197
Density / Sq Mi
$122,783
Median Household Income
$67,441
Median Earnings
$1,647
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail setting among boutiques, restaurants, and established retailers in League City’s Historic District.
Where is this retail space located?
The property is located at 815 E Main St League City, TX.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Located at 815 E Main St in League City’s Historic District; Surrounded by boutiques, restaurants, specialty shops, and established retailers; Positioned between Houston and Galveston
