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Versatile Use Flex Building 16526 Market St 1,575 SF 100% Leased Flex Building Channelview, TX 77530 $568,551 CAD ($360.98 CAD/SF) 9.36% Cap Rate
Investment Highlights
- Near highway
- Lot storage
- Renovated
Executive Summary
Fenced commercial property near I-10, currently owner-occupied and operating as a used car dealer. Renovated in 2025 and well suited for dealership use, automotive repair, storage yard, contractor operations, fleet parking, or other users needing secure outdoor space.
Property features secure perimeter fencing, vehicle/inventory parking, reception area, private office, full kitchen, and garage/workshop area. An additional electric meter is located at the rear of the building, which may support future expansion or additional development.
Purchase options:
1. Property can be delivered vacant at closing.
2. Seller may consider a leaseback arrangement for an investor buyer, creating projected in-place income at an estimated 9.36% cap rate based on agreed lease terms.
Existing dealership operation, dealer license setup, and business infrastructure may also be available for additional consideration.
Shown by appointment only. Proof of funds or financing verification required before showings.
Serious and qualified inquiries only:
(786) 444-6621
Property features secure perimeter fencing, vehicle/inventory parking, reception area, private office, full kitchen, and garage/workshop area. An additional electric meter is located at the rear of the building, which may support future expansion or additional development.
Purchase options:
1. Property can be delivered vacant at closing.
2. Seller may consider a leaseback arrangement for an investor buyer, creating projected in-place income at an estimated 9.36% cap rate based on agreed lease terms.
Existing dealership operation, dealer license setup, and business infrastructure may also be available for additional consideration.
Shown by appointment only. Proof of funds or financing verification required before showings.
Serious and qualified inquiries only:
(786) 444-6621
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$58,961
|
$37.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,961
|
$37.44
|
| Taxes |
$5,860
|
$3.72
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,860
|
$3.72
|
| Net Operating Income |
$53,101
|
$33.72
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $58,961 |
| Annual Per SF | $37.44 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $58,961 |
| Annual Per SF | $37.44 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,860 |
| Annual Per SF | $3.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,860 |
| Annual Per SF | $3.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,101 |
| Annual Per SF | $33.72 |
Property Facts
Amenities
- Fenced Lot
- Security System
- Reception
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Water - City
- Sewer - City
- Heating - Electric
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0650910050002 | Total Assessment | $327,332 CAD |
| Land Assessment | $202,835 CAD | Annual Taxes | $5,860 CAD ($3.72 CAD/SF) |
| Improvements Assessment | $124,496 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0650910050002
Land Assessment
$202,835 CAD
Improvements Assessment
$124,496 CAD
Total Assessment
$327,332 CAD
Annual Taxes
$5,860 CAD ($3.72 CAD/SF)
Tax Year
2025
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Presented by
Gorriz Enterprises
Versatile Use Flex Building | 16526 Market St
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