Building Details

Year Built 1986

Buildings 1

Stories 1

Tenancy Single

Listing Agency: Ardent Hardcastle Commercial Realty t***@ah-us.com Show Phone

Listed By: Traci Williams · License #0558078

Source: Crexi

Added: Apr 16, 2024 Changed: Aug 16 Last Checked: Aug 22 at 4:09PM

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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 Ardent Hardcastle Commercial Realty

Investment Insights

Based on property information with market context.

This gas station and grocery store is located in Brookside Village, adjacent to Pearland, TX, on a two-acre lot. The business includes inside grocery sales averaging $45,000, which includes grocery and lottery sales. Outside gas sales reach 15,000 gallons. The property has two 10,000-gallon tanks for regular and diesel/super fuel. The location provides high visibility and accessibility, attracting local residents and commuters. There is ample space to expand the current business operations or introduce new ventures. Potential development opportunities include residential housing, retail spaces, warehouses, storage, expansion of grocery store offerings, and incorporation of food and beverage services. The property's proximity to essential amenities, residential neighborhoods, and major thoroughfares adds to its appeal. The building size is 1,600 square feet.

Key Highlights

• Thriving gas station and grocery store business with strong sales: $45,000 average inside sales and 15,000 gallons of gas per month.
• Two‑acre lot offers significant expansion or development potential.
• Strategic location in Brookside Village, adjacent to Pearland, TX, ensures high visibility and accessibility.

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

$23,245

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

3.00%

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%

$464,900 $464.9K

Cap Rate 7%

$332,071 $332.1K

Cap Rate 9%

$258,278 $258.3K

Market Conditions

NOI Build-Up for 1,600 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

$32.8K $20.52/SF

− Vacancy

−$1.8K −$1.15/SF

EGI

$31.0K $19.37/SF

− OpEx

−$7.7K −$4.84/SF

NOI

$23.2K $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%

$464,900

Cap Rate 7%

$332,071

Cap Rate 9%

$258,278

Alternative Uses

Best Use

Specialty Retail

$332.1K

$290.6K – $387.4K (±1% cap)

NOI $23,245 @ 7.0% cap · market cap 3.00%

Second Best

Retail

$309.6K

$270.9K – $361.2K (±1% cap)

NOI $21,672 @ 7.0% cap · market cap 2.80%

Theoretical Best

Multifamily LT 5

$19.93M

$17.44M – $23.25M (±1% cap)

NOI $1,395,246 @ 7.0% cap · market cap 180.03%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Gas stations

Suggested Use

Top Pick Nail Salon Electrical Service Building Supply Bakery Gym & Fitness Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

86

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

3,800 visits/mo 0.3 miles

Citgo Shops & Services

891 visits/mo 0.2 miles

Demographics for 77581, TX

49,198

Population

18,285

Households

2.7

Avg Household Size

38

Median Age

36%

College-Educated

94%

High-School Grad

24.6 sq mi

ZIP Area

2,000

Density / Sq Mi

$106,556

Median Household Income

$62,887

Median Earnings

$1,591

Median Rent

$309,100

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Gas station - Gas station and grocery store on a two-acre lot.

Where is this gas station located?

The property is located at 6202 Brookside Rd Brookside Village, 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: Thriving gas station and grocery store business with strong sales: $45,000 average inside sales and 15,000 gallons of gas per month.; Two‑acre lot offers significant expansion or development potential.; Strategic location in Brookside Village, adjacent to Pearland, TX, ensures high visibility and accessibility.