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13655 FM 3005 Rd 4,184 SF 100% Leased Retail Building Galveston, TX 77554 $1,650,000 ($394.36/SF) 6% Cap Rate



Investment Highlights
- Prime commercial hard corner with stop light
- rapidly growing residential area
- Great visibility
Executive Summary
Plenty of room for expansion in this current double occupancy commercial building. 53/47% rented space. Owner occupied tenant and retail long term lease in place with established retailer. Prime hard corner location in rapidly growing high end residential area. Current owner leaseback option.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,184 SF
Building Class
B
Year Built
2002
Price
$1,650,000
Price Per SF
$394.36
Cap Rate
6%
NOI
$99,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.63 AC
Zoning
None
Parking
31 Spaces (7.4 Spaces per 1,000 SF Leased)
Frontage
212’ on FM 3005 Rd
Amenities
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Monument Signage
- Air Conditioning
Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5858-0000-0000-002 | Improvements Assessment | $564,770 |
| Land Assessment | $59,430 | Total Assessment | $624,200 |
Property Taxes
Parcel Number
5858-0000-0000-002
Land Assessment
$59,430
Improvements Assessment
$564,770
Total Assessment
$624,200
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13655 FM 3005 Rd
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