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    102 Sealy St Alvin, TX 77511

    Sponsored
    For Sale
    $1,994,000

    Downtown Alvin investment opportunity. High NOI potential.

    Property size:
    9,297 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This remarkable two-story, 9,297 square foot mixed-use building, located at 102 W Sealy St in Alvin, Texas, presents a unique investment opportunity. Built in 1908 and renovated in 2019, this Class B property boasts a blend of office and retail spaces, currently housing Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors. The building features five units, offering a diverse tenant base and strong rental history. With a current occupancy rate of 80% (as of July 31, 2021), the property generates a Net Operating Income (NOI) of $112,146, and a pro-forma NOI of $167,856, representing a 5.62% cap rate and a pro-forma cap rate of 8.42%, respectively. The asking price is $1,994,000, translating to $214.48 per square foot and $398,800 per unit. Situated on a 0.5-acre lot, the building includes a working elevator and benefits from recent upgrades to electrical systems and HVAC. Its prime downtown Alvin location, within an Opportunity Zone, enjoys high traffic counts (13,881) and offers significant potential for future growth. This property represents a chance to own a piece of Alvin's history while capitalizing on a strong investment opportunity with a motivated seller. The building's solid construction and recent improvements ensure a stable and potentially lucrative return on investment.

    Property Features for 102 Sealy St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,297 SF
    Class
    B
    Lot Size
    21,780 SF

    Building Details

    Year Built/Renovated
    1908/2019
    Buildings
    1
    Stories
    2
    Units
    5

    HighLights

    • Solid rental history with diverse tenant base including Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors.
    • Historic, mixed‑use building in prime downtown Alvin location.
    • High traffic count of 13,881 vehicles.
    • Located in an Opportunity Zone.
    • Motivated seller.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Alba Law Firm Legal Services Credit Central Loan Agency Valuation Consultants Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Alvin
    County
    Brazoria
    State
    Texas
    Longitude
    -95.2442474
    Latitude
    29.4239965

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Alvin investment opportunity. High NOI potential.
    Where is this individual retail property located?
    The property is located at 102 Sealy St Alvin, TX.
    What is the asking price?
    The asking price for this property is $1,994,000.
    What are key features of this property?
    This property features: Solid rental history with diverse tenant base including Edward Jones, Credit Central, Parkwood Pharmacy, and Candrian Counselors.; Historic, mixed-use building in prime downtown Alvin location.; High traffic count of 13,881 vehicles.
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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
    102 Sealy St Alvin, TX 77511
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