102 Sealy St Alvin, TX 77511
- Retail space
- 6,810 SF
- 0.22 lot acres
Current Use by Public Records
- The Alba Law Firm / Legal Services
- Credit Central / Loan Agency / Tax Preparation
- Valuation Consultants / Consultant
Property Details for 102 Sealy St
- Year built
- 1908
- Lot size
- 0.22 lot acres
- Property size
- 6,810 SF
- Property type
- Retail space
- APN
- 1235-0047-000
- APU
- 12350047000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alvin
- County
- Brazoria
- State
- Texas
- Longitude
- -95.2442
- Latitude
- 29.4241
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
