2104 Cedar Dr La Marque, TX 77568
- Commercial real estate
- 6,349 SF
- 0.52 lot acres
Current Use by Public Records
- Lone Star Origination, LLC / Financial Planner
Property Details for 2104 Cedar Dr
- Year built
- 1960
- Lot size
- 0.52 lot acres
- Property size
- 6,349 SF
- Property type
- Commercial real estate
- APN
- 6710-0000-0003-000
- APU
- 671000000003000
Description
This 6,349 sq ft La Marque, TX office building, built in 1960 and renovated in 2015, presents a compelling owner-user opportunity. Priced at $399,000 ($62.84/sq ft), it boasts a 16.24% pro-forma cap rate and a $64,800 pro-forma NOI. The property features approximately 3,400 sq ft of office space and 3,000 sq ft of warehouse space, ideal for various businesses. Office space includes seven offices (one executive, six standard), two conference rooms, a lobby, reception area, a large break area with two bathrooms and a kitchenette, and a storage room. The warehouse space offers flexibility for diverse needs. The 11,340 sq ft lot provides ample parking: six spaces upfront and room for at least thirty more within the gated lot, perfect for larger vehicles. The property is currently vacant and move-in ready. Owner financing is available. The estimated monthly rent is $5,400, based on $12/sq ft/year for office space and $8/sq ft/year for warehouse space. Interior walls are easily reconfigurable to suit a new owner's needs. This Class C property is situated at 2104 Cedar Dr, La Marque, TX 77568, in Galveston County.
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
- La Marque
- County
- Galveston
- State
- Texas
- Longitude
- -94.9755
- Latitude
- 29.3689
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
