Established Marine Business
For Sale
Contact for pricing
2618 W Main St, Gun Barrel City, TX 75156
Turnkey boat and marina business for sale in Gun Barrel City.
Property Size3,200 SF
Lot Size1.16 Acres
Price / SF$242.19
Days on Market1014
Property Features for 2618 W Main St
General Information
Standard status
Active
Size
3,200 SF
Class
A
Lot size
1.16 Acres
Property subtype
Retail, Industrial, Mixed Use
Zoning
Commercial/residential
Investment Type
Owner/User
Building Details
Year Built
1980
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Staples Commercial Group, LLC
(903) 343-6629
Listed By:
Ray Ver Hey · License #TX 498681
Source:
Crexi
Added: Nov 1, 2023
Changed: Aug 8
Last Checked: Aug 10 at 10:07AM
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 Staples Commercial Group, LLC
Investment Insights
Based on property information with market context.
Located in Gun Barrel City, Jerry's Fiberglass and Marine is a boat and marina store situated approximately one mile from the Wal-Mart retail hub and within a half-mile of Cedar Creek Reservoir. This turnkey opportunity includes the business, inventory, and equipment, with a few exclusions such as a tractor, brush hog, and certain tools. The business has a substantial customer base and is the exclusive provider of select marine sporting equipment in Gun Barrel City. The property benefits from high visibility, with over 19,000 vehicles passing by daily on W Main St. The 1.162-acre property has a mix of commercial and residential zoning. Three lots facing W Main St are zoned for commercial use, while the four lots along Loon Bay Dr have residential zoning, allowing for various potential uses, including erecting a privacy fence and utilizing the residential zoning for storage. The property's proximity to Cedar Creek Reservoir enhances its appeal for boating and outdoor enthusiasts, making it an ideal location for marine-related businesses.
Key Highlights
- Turnkey business opportunity: Sale includes established Jerry's Fiberglass and Marine business, inventory, and equipment.
- Prime location: High visibility on W Main St with over 19,000 vehicles passing daily.
- Exclusive provider of select marine sporting equipment in Gun Barrel City.
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
$43,902
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
5.66%
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%
$878,040
$878.0K
Cap Rate 7%
$627,171
$627.2K
Cap Rate 9%
$487,800
$487.8K
Market Conditions
NOI Build-Up for 3,200 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
$64.1K $20.04/SF
− Vacancy
−$1.4K −$0.44/SF
EGI
$62.7K $19.60/SF
− OpEx
−$18.8K −$5.88/SF
NOI
$43.9K $13.72/SF
Area
Henderson County, TX
Vacancy
2.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
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%
$878,040
Cap Rate 7%
$627,171
Cap Rate 9%
$487,800
Alternative Uses
Best Use
Retail
$627.2K
$548.8K – $731.7K
NOI $43,902 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$985.0K – $1.31M
NOI $78,797 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75156, TX
15,708
Population
8,969
Households
1.8
Avg Household Size
48
Median Age
17%
College-Educated
86%
High-School Grad
32.1 sq mi
ZIP Area
489
Density / Sq Mi
$59,303
Median Household Income
$35,316
Median Earnings
$932
Median Rent
$209,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey boat and marina business for sale in Gun Barrel City.
Where is this storefront property located?
The property is located at 2618 W Main St Gun Barrel City, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Turnkey business opportunity: Sale includes established Jerry's Fiberglass and Marine business, inventory, and equipment.; Prime location: High visibility on W Main St with over 19,000 vehicles passing daily.; Exclusive provider of select marine sporting equipment in Gun Barrel City.
