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 Market81
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: Sep 5
Last Checked: Sep 13 at 10:28AM
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
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 = 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
$38,917
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
9.05%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
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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
