2521 Bypass 35Alvin, TX 77511

Property Details for 2521 Bypass 35

Year built

1979

Lot size

0.61 AC

Property size (Sq ft)

5,961 SF

Property type

Manufacturing properties

APN

2365-0003-000

APU

23650003000

Description

This Alvin, TX industrial property offers a 1,000 square foot flex space unit for lease within a larger six-unit complex located at 2521 S Bypass 35, Alvin, TX 77511. The building, situated on 26.745 acres, is a single-story, 6,000 square foot structure built in 1979 and renovated in 2005. The available space features a 14-foot ceiling height, and is part of a Class C building with a total of six suites. The unit boasts a refreshed interior, including fresh paint and new flooring, and includes a reception area, versatile back office/light industrial space, and two restrooms. Individual HVAC systems and electric meters provide maximum tenant control. The property offers 15 total parking spaces, one drive-in, and is conveniently located on S Highway 35 Bypass and Mustang, in a high-traffic area. The minimum divisible space is 1,000 square feet, with a maximum contiguous space also at 1,000 square feet. The property's APN is 2365-0003-000. This space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,873,570

  6.5%

  $2,652,520

  7%

  $2,463,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,409,750

  Geo Method

  $2,855,460

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,333,170

  Mixed-Use / Specialty

  $1,307,120

  Hospitality / Lodging

  $931,260

  Office

  $1,277,170

  Institutional / Educational

  $1,351,260

  Residential Income

  $1,580,980

  Multifamily

  $2,014,220

  Automotive / Energy

  $1,158,230

  Parking / Income-Based Land

  $420,734

  Restaurant / Food Service

  $634,385

  Healthcare / Senior Housing

  $1,362,270

Location Insight

City

Alvin

County

Brazoria

State

Texas

Latitude

29.4028

Longitude

-95.2374

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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