Convenience Store with Fuel
New
For Sale
Contact for pricing
825 North Center Street, New Boston, TX 75570
Operating retail property with convenience sales, fuel service, lottery offerings, and on-site equipment and fixtures.
Property Size1,200 SF
Price / SF$312.50
Days on Market4
Property Features for 825 North Center Street
General Information
Standard status
Active
Size
1,200 SF
Class
B
Property subtype
Retail
Zoning
Commercial - Commercial - Office
Additional Details
Business Included
Yes
Building Details
Year Built
2015
Listing Agency:
KW Commercial Houston Clear Lake
Listed By:
JOSHUA NGUYEN · License #851749
Source:
Crexi
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 6:36AM
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 KW Commercial Houston Clear Lake
Investment Insights
Based on property information with market context.
This 1,200-square-foot convenience store was built in 2015 and is offered with the operating business, equipment, fixtures, and property improvements. The existing operation combines convenience retail sales with fuel service and lottery and scratch-off offerings. The improvements and business assets are conveyed in their current AS-IS condition.
Located at 825 North Center Street in New Boston, Texas, the property carries Commercial - Office zoning. The established retail operation provides an existing physical setup for continued convenience-store use, with multiple revenue channels already incorporated into the business model.
Located at 825 North Center Street in New Boston, Texas, the property carries Commercial - Office zoning. The established retail operation provides an existing physical setup for continued convenience-store use, with multiple revenue channels already incorporated into the business model.
Key Highlights
- 1,200‑square‑foot convenience store building
- Built in 2015
- Fuel operations alongside convenience retail sales
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
$21,341
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
5.69%
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%
$426,820
$426.8K
Cap Rate 7%
$304,871
$304.9K
Cap Rate 9%
$237,122
$237.1K
Market Conditions
NOI Build-Up for 1,200 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
$30.0K $24.96/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$28.5K $23.71/SF
− OpEx
−$7.1K −$5.93/SF
NOI
$21.3K $17.78/SF
Area
Bowie County, TX
Vacancy
5.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$426,820
Cap Rate 7%
$304,871
Cap Rate 9%
$237,122
Alternative Uses
Best Use
Specialty Retail
$304.9K
$266.8K – $355.7K
NOI $21,341 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$284.5K
$249.0K – $332.0K
NOI $19,918 @ 7.0% cap · market cap 5.31%
Theoretical Best
Hotel Hospitality
$903.9K
$790.9K – $1.05M
NOI $63,270 @ 7.0% cap · market cap 16.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75570, TX
11,315
Population
3,638
Households
3.1
Avg Household Size
39
Median Age
16%
College-Educated
89%
High-School Grad
133.0 sq mi
ZIP Area
85
Density / Sq Mi
$66,003
Median Household Income
$40,080
Median Earnings
$779
Median Rent
$130,700
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?
Grocery and convenience store - Operating retail property with convenience sales, fuel service, lottery offerings, and on-site equipment and fixtures.
Where is this grocery and convenience store located?
The property is located at 825 North Center Street New Boston, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,200‑square‑foot convenience store building; Built in 2015; Fuel operations alongside convenience retail sales
