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    504 Commerce St Palacios, TX 77465

    For Lease
    $10 SF/Yr ($3,187 /Mo)

    3,750 SF Office/Industrial Space, Texas

    Lot size:
    3,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 3,750-square-foot single-tenant building, constructed in 1961, presents a unique investment opportunity in Palacios, Texas. The property boasts a 9,000-square-foot lot and features a 10-foot ceiling height in its spacious interior. The layout includes an entry lobby leading to a large 60' x 50' clear-span area, perfect for various uses. Additional features include office space, two bathrooms, and a storage room. The building's design allows for easy subdivision into two separate units, each with its own entrance. The property also offers significant potential for expansion, with the possibility of adding a second floor for live/work purposes. The building is conveniently located just one block from Tres Palacios Bay, offering stunning waterfront views and proximity to the town's amenities. Palacios is a charming coastal town known for its commercial fishing fleet, bay shore park with a seawall and wide sidewalks, marina, fishing jetties, pavilion, and pier. The seller is offering an allowance for a new roof and soffit, while the lessee is responsible for mechanical, electrical, and plumbing (MEP) systems and interior finish-out. The property includes one loading dock and ample parking with ten spaces. The building is served by 240/3-phase power. This versatile property is ideal for a variety of businesses seeking a unique and well-located space in a picturesque Texas coastal town. The address is 504 Commerce St, Palacios, TX 77465, near the cross street of Fifth St.

    Property Features for 504 Commerce St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,750 SF
    Total Rate
    3187.5

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    3,750 SF
    Rate per SF
    $14

    HighLights

    • 3,750 SF single‑tenant building on a 9,000 SF lot in Palacios, TX.
    • Features a 60' x 50' clear‑span area, office space, two bathrooms, and a storage room.
    • Can be easily subdivided into two units; potential for second‑story addition.
    • Located one block from Tres Palacios Bay; ample parking (10 spaces) and one loading dock.
    • Seller offering allowance for new roof and fascia; 240/3‑phase power; Samuels brand storefront.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palacios
    County
    Matagorda
    State
    Texas
    Longitude
    -96.21726612
    Latitude
    28.70037375

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    FAQs

    What type of property is this?
    Life science property - 3,750 SF Office/Industrial Space, Texas
    Where is this life science property located?
    The property is located at 504 Commerce St Palacios, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 3,750 SF single-tenant building on a 9,000 SF lot in Palacios, TX.; Features a 60' x 50' clear-span area, office space, two bathrooms, and a storage room.; Can be easily subdivided into two units; potential for second-story addition.
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    504 Commerce St Palacios, TX 77465
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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
    504 Commerce St Palacios, TX 77465
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