Freestanding Office
For Sale
Contact for pricing
903 N Logan St, Texas City, TX 77590
Freestanding office with large reception, multiple offices, conference space, kitchen, and 12 parking spaces on a corner lot.
Property Size3,040 SF
Lot Size0.30 Acres
Price / SF$141.45
Days on Market128
Property Features for 903 N Logan St
General Information
Standard status
Active
Size
3,040 SF
Total Parking Spaces
12
Lot size
0.30 Acres
Property subtype
OFFICE
Amenities
large reception area
four large offices
two conference areas
full kitchen
3 half baths
Listing Agency:
Carlos Garcia Realty
(713) 924-9100
Listed By:
Bill Garcia · License #174458
(281) 235-9904
Source:
Moodyscre
Added: Jun 26
Changed: Oct 25
Last Checked: Oct 30 at 5:32PM
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 Carlos Garcia Realty
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Investment Insights
Based on property information with market context.
This attractive freestanding office building offers a large reception area, four large offices, two conference areas, a full kitchen, and three half baths. The property is situated on a corner lot and includes 12 parking spaces, supporting convenient daily access for staff and visitors.
Located just south of Palmer Highway (FM 1764) and west of Hwy 146, the building benefits from an established commercial setting with straightforward regional access.
The layout includes flexible space that could accommodate two tenants if divided, making it workable for a range of professional office uses.
Located just south of Palmer Highway (FM 1764) and west of Hwy 146, the building benefits from an established commercial setting with straightforward regional access.
The layout includes flexible space that could accommodate two tenants if divided, making it workable for a range of professional office uses.
Key Highlights
- 3,040 SF freestanding office building on a 13,200 SF corner lot at N. Logan St. & 9th Avenue North
- Includes a large reception area, four large offices, two conference areas, and a full kitchen
- 3 half baths plus space suitable for medical, law, or other professional offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,917
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,340
$778.3K
Cap Rate 7%
$555,957
$556.0K
Cap Rate 9%
$432,411
$432.4K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$70.4K $23.16/SF
− Vacancy
−$18.5K −$6.09/SF
EGI
$51.9K $17.07/SF
− OpEx
−$13.0K −$4.27/SF
NOI
$38.9K $12.80/SF
Area
Galveston County, TX
Vacancy
26.30%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$778,340
Cap Rate 7%
$555,957
Cap Rate 9%
$432,411
Alternative Uses
Best Use
Office B
$556.0K
$486.5K – $648.6K
NOI $38,917 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$34.08M
$29.82M – $39.76M
NOI $2,385,803 @ 7.0% cap · market cap 554.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
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Business Placement
Demographics for 77590, TX
30,758
Population
14,419
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
84%
High-School Grad
25.2 sq mi
ZIP Area
1,221
Density / Sq Mi
$63,274
Median Household Income
$36,993
Median Earnings
$1,179
Median Rent
$168,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office with large reception, multiple offices, conference space, kitchen, and 12 parking spaces on a corner lot.
Where is this office building located?
The property is located at 903 N Logan St Texas City, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 3,040 SF freestanding office building on a 13,200 SF corner lot at N. Logan St. & 9th Avenue North; Includes a large reception area, four large offices, two conference areas, and a full kitchen; 3 half baths plus space suitable for medical, law, or other professional offices
