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    2104 Cedar Dr La Marque, TX 77568

    For Sale
    $399,000

    Turnkey Office, Warehouse, Ample Parking

    Property size:
    6,349 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This 6,349 sq ft La Marque, TX office building, built in 1960 and renovated in 2015, presents a compelling owner-user opportunity. Priced at $399,000 ($62.84/sq ft), it boasts a 16.24% pro-forma cap rate and a $64,800 pro-forma NOI. The property features approximately 3,400 sq ft of office space and 3,000 sq ft of warehouse space, ideal for various businesses. Office space includes seven offices (one executive, six standard), two conference rooms, a lobby, reception area, a large break area with two bathrooms and a kitchenette, and a storage room. The warehouse space offers flexibility for diverse needs. The 11,340 sq ft lot provides ample parking: six spaces upfront and room for at least thirty more within the gated lot, perfect for larger vehicles. The property is currently vacant and move-in ready. Owner financing is available. The estimated monthly rent is $5,400, based on $12/sq ft/year for office space and $8/sq ft/year for warehouse space. Interior walls are easily reconfigurable to suit a new owner's needs. This Class C property is situated at 2104 Cedar Dr, La Marque, TX 77568, in Galveston County.

    Property Features for 2104 Cedar Dr

    General Information

    Property type
    Office space
    Square Feet
    6,349 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1960/2015
    Buildings
    1
    Stories
    1

    HighLights

    • $399,000 asking price for a vacant, 6,349 SF Class C office building in La Marque, TX.
    • Owner financing available.
    • Features 7 offices (1 executive, 6 standard), 2 conference rooms, lobby, break area with kitchenette and 2 bathrooms, storage room, and a warehouse.
    • Approximately 3,400 SF of office space and 3,000 SF of warehouse space.
    • Fully fenced and gated lot with 6 parking spaces plus room for 30 more.
    • 16.24% pro‑forma cap rate with $64,800 pro‑forma NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lone Star Origination, ... Financial Planner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Marque
    County
    Galveston
    State
    Texas
    Longitude
    -94.9754765
    Latitude
    29.3686929

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    FAQs

    What type of property is this?
    Office space - Turnkey Office, Warehouse, Ample Parking
    Where is this office space located?
    The property is located at 2104 Cedar Dr La Marque, TX.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price for a vacant, 6,349 SF Class C office building in La Marque, TX.; Owner financing available.; Features 7 offices (1 executive, 6 standard), 2 conference rooms, lobby, break area with kitchenette and 2 bathrooms, storage room, and a warehouse.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2104 Cedar Dr La Marque, TX 77568
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