2736 Dallas Ave
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2736 Dallas Ave
4,274 SF 77% Leased Retail Building Ingleside, TX 78362 £295,875 (£69/SF) 8.53% Net Initial Yield
Investment Highlights
- Near Busy Commercial area
- One unit vacant for Owner-Occupant, and Attractive rent prices
- One Block off Main Street
Executive Summary
This 4-unit Small-Commercial building in Ingleside has three units currently filled for immediate income. 10%+ CAP Rate when fully occupied. The fourth unit is currently vacant, giving you the flexibility to use it as an Owner-occupied unit, or easily rent it out at an affordable price ($1150-1300/month, easily under $1.35/SF). Many small businesses would love a brick-and-mortar location, but just can't afford rents anywhere that's not far off the beaten path. This location is 1 block off Main Street, next door to the old Post Office, and generally in a higher traffic commercial area. Adjacent is a doctor's office and Insurance office, with a restaurant, children's academy, and Mini Storage all a block away. The 4 units are 2734, 2736, 2738, and 2740 Dallas, though one tenant occupies 2738 and 2740 units. 2734 and 2736 both have garages on the back on concrete slabs, and could easily be a combined space, or made to have overhead doors for parking and storage access from the alley.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £19,962 | £4.67 |
Other Income | £134 | £0.03 |
Vacancy Loss | - | - |
Effective Gross Income | £20,096 | £4.70 |
Taxes | £5,207 | £1.22 |
Operating Expenses | £7,054 | £1.65 |
Total Expenses | £12,261 | £2.87 |
Net Operating Income | £7,835 | £1.83 |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | £19,962 |
Annual Per SF | £4.67 |
Other Income | |
---|---|
Annual | £134 |
Annual Per SF | £0.03 |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £20,096 |
Annual Per SF | £4.70 |
Taxes | |
---|---|
Annual | £5,207 |
Annual Per SF | £1.22 |
Operating Expenses | |
---|---|
Annual | £7,054 |
Annual Per SF | £1.65 |
Total Expenses | |
---|---|
Annual | £12,261 |
Annual Per SF | £2.87 |
Net Operating Income | |
---|---|
Annual | £7,835 |
Annual Per SF | £1.83 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Tenants option to buy property
Property Type
Retail
Building Size
4,274 SF
Building Class
C
Year Built
1968
Price
£295,875
Price Per SF
£69
Net Initial Yield
8.53%
NOI
£25,248
Percent Leased
77%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.46
Land Acres
0.21 AC
Zoning
CS-3
Parking
8 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
73 ft on Dallas Ave
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Jay's Pharmacy
- Health Care and Social Assistance
- 975 SF
- £9.71
- Plus Electric
- Dec 2024
- Jole Enterprises
- Construction
- 1,950 SF
- £8.25
- Plus Electric
- Nov 2024
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Jay's Pharmacy | Health Care and Social Assistance | 975 SF | £9.71 | Plus Electric | Dec 2024 | |
Jole Enterprises | Construction | 1,950 SF | £8.25 | Plus Electric | Nov 2024 |
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | 63320 | Total Assessment | £271,921 (2023) |
Land Assessment | £40,383 (2023) | Annual Taxes | £5,207 (£1.22/sf) |
Improvements Assessment | £231,538 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
63320
Land Assessment
£40,383 (2023)
Improvements Assessment
£231,538 (2023)
Total Assessment
£271,921 (2023)
Annual Taxes
£5,207 (£1.22/sf)
Tax Year
2024
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2736 Dallas Ave
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