Newer Mixed-Use Building with
For Sale
Contact for pricing
824 E Adoue St, Alvin, TX 77511
Built in 2020, includes furnished cafe/restaurant.
Property Size5,824 SF
Price / SF$300.48
Days on Market707
Property Features for 824 E Adoue St
General Information
Standard status
Active
Size
5,824 SF
Class
A
Property subtype
Mixed Use, Office, Retail
Building Details
Year Built
2020
Buildings
1
Stories
1
Listing Agency:
Reyes Realty Group
Listed By:
Reyes Realty Group Team · License #TX 0214332
Source:
Crexi
Added: Sep 4, 2024
Changed: Aug 8
Last Checked: Jul 15 at 3:59PM
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 Reyes Realty Group
Investment Insights
Based on property information with market context.
Constructed in 2020, this mixed-use building in Alvin, Texas, presents an opportunity for a new owner. The property includes a fully built-out cafe/restaurant. Suite C, encompassing approximately 2654 square feet, is furnished and designed as a cafe/restaurant. Suite B, with an approximate area of 1500 square feet, is a shell space.
Key Highlights
- Built in 2020: Newer construction with modern features.
- Fully Built‑Out Cafe/Restaurant: Suite C (approx. 2654 sf) is furnished and ready for immediate operation.
- Turnkey Restaurant Opportunity: Ideal for entrepreneurs to start or expand.
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
$84,612
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
4.83%
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%
$1,692,240
$1.7M
Cap Rate 7%
$1,208,743
$1.2M
Cap Rate 9%
$940,133
$940.1K
Market Conditions
NOI Build-Up for 5,824 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
$119.5K $20.52/SF
− Vacancy
−$6.7K −$1.15/SF
EGI
$112.8K $19.37/SF
− OpEx
−$28.2K −$4.84/SF
NOI
$84.6K $14.53/SF
Area
Brazoria County, TX
Vacancy
5.60%
Lease Rate
$20.52 /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%
$1,692,240
Cap Rate 7%
$1,208,743
Cap Rate 9%
$940,133
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,612 @ 7.0% cap · market cap 4.83%
Second Best
Mixed Use
$686.4K
$600.6K – $800.8K
NOI $48,048 @ 7.0% cap · market cap 2.75%
Theoretical Best
Multifamily LT 5
$72.55M
$63.48M – $84.64M
NOI $5,078,696 @ 7.0% cap · market cap 290.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 68%
Dining 21%
Shops & Services 7%
Beauty & Spa 3%
Walmart
Superstores
90,582 visits/mo
0.4 miles
Jack in the Box
Dining
9,512 visits/mo
0.4 miles
Little Caesars Pizza
Dining
9,349 visits/mo
0.4 miles
Los Tapatios
Dining
5,487 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,166 visits/mo
0.5 miles
Demographics for 77511, TX
51,093
Population
20,499
Households
2.5
Avg Household Size
37
Median Age
19%
College-Educated
83%
High-School Grad
150.1 sq mi
ZIP Area
340
Density / Sq Mi
$77,015
Median Household Income
$43,119
Median Earnings
$1,213
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Built in 2020, includes furnished cafe/restaurant.
Where is this mixed-use property located?
The property is located at 824 E Adoue St Alvin, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Built in 2020: Newer construction with modern features.; Fully Built‑Out Cafe/Restaurant: Suite C (approx. 2654 sf) is furnished and ready for immediate operation.; Turnkey Restaurant Opportunity: Ideal for entrepreneurs to start or expand.
