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    201 Velasco St Angleton, TX 77515

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    For Sale
    Contact for pricing

    High-Occupancy Shopping Center in Texas

    Property size:
    19,451 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19,451-square-foot shopping center, located at 201 N Velasco St in Angleton, Texas (77515), presents a compelling investment opportunity. The property, built in 1955, sits on a 0.56-acre lot and boasts a remarkable 98.59% occupancy rate across its 26 tenants. Its prime location at a signalized intersection offers excellent visibility and accessibility. The center is conveniently situated within walking distance of the Brazoria County Court House and the Angleton Chamber of Commerce, ensuring high foot traffic and a strong tenant base. The property features short-term gross leases, providing potential for future rental rate increases and upside. The consistent high occupancy rate (over 90% for more than a decade) demonstrates the property's enduring appeal and strong cash flow. This retail and professional property is offered at a price significantly below replacement cost, making it an attractive investment with substantial potential for return. The property includes ample parking. The property type is retail, specifically a shopping center, with multi-tenancy.

    Property Features for 201 Velasco St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    19,451 SF
    Lot Size
    24,394 SF

    Building Details

    Year Built
    1955

    HighLights

    • 98% occupied retail and professional building with 19,451 square feet of leasable space.
    • High‑visibility hard corner location at a signalized intersection on a 24,500 square foot lot with ample parking.
    • Excellent location within walking distance of the Brazoria County Courthouse and Angleton Chamber of Commerce.
    • Significant upside potential due to short‑term gross leases.
    • Proven track record of 90%+ occupancy for over a decade, offered significantly below replacement cost.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stroud Randy L Land Surveyor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Angleton
    County
    Brazoria
    State
    Texas
    Longitude
    -95.4319681
    Latitude
    29.1656338

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    FAQs

    What type of property is this?
    Lifestyle center - High-Occupancy Shopping Center in Texas
    Where is this lifestyle center located?
    The property is located at 201 Velasco St Angleton, TX.
    What are key features of this property?
    This property features: 98% occupied retail and professional building with 19,451 square feet of leasable space.; High-visibility hard corner location at a signalized intersection on a 24,500 square foot lot with ample parking.; Excellent location within walking distance of the Brazoria County Courthouse and Angleton Chamber of Commerce.
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    201 Velasco St Angleton, TX 77515
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    Angleton, TX 77515
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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
    201 Velasco St Angleton, TX 77515
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