102 Sealy StAlvin, TX 77511

Property Details for 102 Sealy St

Year built

1908

Lot size

0.22 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,649,970

  6.5%

  $1,523,050

  7%

  $1,414,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,046,840

  Geo Method

  $2,120,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,030,310

  Mixed-Use / Specialty

  $1,493,290

  Hospitality / Lodging

  $1,063,900

  Office

  $1,459,070

  Institutional / Educational

  $1,543,720

  Residential Income

  $1,806,150

  Multifamily

  $2,301,100

  Automotive / Energy

  $1,323,190

  Parking / Income-Based Land

  $480,657

  Restaurant / Food Service

  $724,738

  Healthcare / Senior Housing

  $1,556,290

Location Insight

City

Alvin

County

Brazoria

State

Texas

Latitude

29.4241

Longitude

-95.2442

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].