FORMER CRAWFORD PHARMACY | 407 E Orange Ave
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FORMER CRAWFORD PHARMACY 407 E Orange Ave
3,000 SF Retail Building Orange Grove, TX 78372 $497,700 CAD ($166 CAD/SF) 11.05% Cap Rate
Investment Highlights
- Redevelopment Opportunity – The building occupies ±3,000 Square Feet and sits on ±1.16 acres. The estimated market rent is $16-$20/SF, per CoStar
- Future Development Plans – Orange Grove Solar Project by Enbridge Inc. This project is set to generate 130 megawatts (MW) of clean energy
- Income Tax-Free State – Subject property is located in the state of Texas, one of nine states that offers no state income tax.
- Proximity to Schools – Nearby schools include Orange Grove High School (558 students), Orange Grove Junior High (400 students)
- Ideal Investment – Offering price per square foot is $117/SF. The rent per square foot is $12.90/SF, while the market average is $18/SF
Executive Summary
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Kevin Puder and Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Kevin Puder and Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
3,000 SF
Building Class
C
Year Built
2000
Price
$497,700 CAD
Price Per SF
$166 CAD
Cap Rate
11.05%
NOI
$54,996 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.16 AC
PROPERTY TAXES
| Parcel Number | 12060-003-000-00 | Improvements Assessment | $140,926 CAD |
| Land Assessment | $55,917 CAD | Total Assessment | $196,843 CAD |
PROPERTY TAXES
Parcel Number
12060-003-000-00
Land Assessment
$55,917 CAD
Improvements Assessment
$140,926 CAD
Total Assessment
$196,843 CAD
Contacts
-
Jesus Melo -
Preston Schwartz -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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FORMER CRAWFORD PHARMACY | 407 E Orange Ave
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