201 Velasco St Angleton, TX 77515
- Investment properties
- 19,382 SF
- 0.33 lot acres
Current Use by Public Records
- Stroud Randy L / Land Surveyor
Property Details for 201 Velasco St
- Year built
- 1955
- Construction
- WOOD FRAME
- Lot size
- 0.33 lot acres
- Property size
- 19,382 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 1310-0046-000
- APU
- 13100046000
Description
This exceptional 19,451-square-foot shopping center, located at 201 N Velasco St in Angleton, Texas (77515), presents a compelling investment opportunity. The property, built in 1955, sits on a 0.56-acre lot and boasts a remarkable 98.59% occupancy rate across its 26 tenants. Its prime location at a signalized intersection offers excellent visibility and accessibility. The center is conveniently situated within walking distance of the Brazoria County Court House and the Angleton Chamber of Commerce, ensuring high foot traffic and a strong tenant base. The property features short-term gross leases, providing potential for future rental rate increases and upside. The consistent high occupancy rate (over 90% for more than a decade) demonstrates the property's enduring appeal and strong cash flow. This retail and professional property is offered at a price significantly below replacement cost, making it an attractive investment with substantial potential for return. The property includes ample parking. The property type is retail, specifically a shopping center, with multi-tenancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $630,000
- 6.5%
- $615,000
- 7%
- $660,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $560,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $585,000
- Retail
- $510,000
- Mixed-Use
- $680,000
- Hospitality
- $675,000
- Educational
- $510,000
- Residential Income
- $630,000
- Energy
- $555,000
- Income-Based Land
- $590,000
- Food Service
- $675,000
Location Insight
- Map
- Local Demand
- City
- Angleton
- County
- Brazoria
- State
- Texas
- Longitude
- -95.4321
- Latitude
- 29.1658
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA