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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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 32606398

  • Date on Market: 27/07/2024

  • Last Updated:

  • Address: 2736 Dallas Ave, Ingleside, TX 78362

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