Garage Condo With Custom
For Sale
$449,900
A13-2137 Chelsea Blvd, Allen, TX 75013
Includes a private gym, sauna, and full bathroom within the garage condominium.
Property Size1,600 SF
Price / SF$281.19
Days on Market54
Property Features for A13-2137 Chelsea Blvd
General Information
Standard status
Active
Size
1,600 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,426
Amenities
custom loft
private gym
sauna
full bathroom
Listing Agency:
C21 Fine Homes Judge Fite
Listed By:
Rajshad Anderson · License #0595595
(469) 621-0081
Source:
Exprealty
Added: Sep 11
Changed: Oct 25
Last Checked: Nov 3 at 8:22AM
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 C21 Fine Homes Judge Fite
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Investment Insights
Based on property information with market context.
This 1,600-square-foot garage condominium is part of the Garages of Texas community and includes a custom loft that expands the usable interior. The unit also contains a private gym, sauna, and full bathroom, creating a more versatile setup than a basic vehicle-storage space.
The property is located at A13-2137 Chelsea Blvd in Allen, Texas, near the intersection of Highway 75 and Stacy Road. It is adjacent to Allen Premium Outlet Mall and provides access to the highway network.
The property is located at A13-2137 Chelsea Blvd in Allen, Texas, near the intersection of Highway 75 and Stacy Road. It is adjacent to Allen Premium Outlet Mall and provides access to the highway network.
Key Highlights
- 1,600 SF garage condo in the Garages of Texas community
- Custom loft adds flexible interior space
- Private gym, sauna, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,448
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,960
$489.0K
Cap Rate 7%
$349,257
$349.3K
Cap Rate 9%
$271,644
$271.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$38.6K $24.12/SF
− Vacancy
−$3.7K −$2.29/SF
EGI
$34.9K $21.83/SF
− OpEx
−$10.5K −$6.55/SF
NOI
$24.4K $15.28/SF
Area
Allen, TX
Vacancy
9.50%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,960
Cap Rate 7%
$349,257
Cap Rate 9%
$271,644
Alternative Uses
Best Use
Industrial
$349.3K
$305.6K – $407.5K
NOI $24,448 @ 7.0% cap · market cap 5.43%
Second Best
Flex RnD
$324.3K
$283.8K – $378.4K
NOI $22,702 @ 7.0% cap · market cap 5.05%
Theoretical Best
Warehouse
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 75013, TX
48,360
Population
18,341
Households
2.6
Avg Household Size
37
Median Age
65%
College-Educated
97%
High-School Grad
15.0 sq mi
ZIP Area
3,224
Density / Sq Mi
$151,618
Median Household Income
$77,367
Median Earnings
$1,810
Median Rent
$561,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Includes a private gym, sauna, and full bathroom within the garage condominium.
Where is this parking lot & garage located?
The property is located at A13-2137 Chelsea Blvd Allen, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 1,600 SF garage condo in the Garages of Texas community; Custom loft adds flexible interior space; Private gym, sauna, and full bathroom
