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Versatile Use Flex Building 16526 Market St 1,575 SF 100% Leased Flex Building Channelview, TX 77530 $586,411 CAD ($372.32 CAD/SF) 8.92% Cap Rate
Investment Highlights
- Near highway
- Lot storage
- Renovated
Executive Summary
Rare opportunity to acquire a fenced commercial property with excellent access near I-10, currently operating as a licensed used car dealership. Well suited for dealership use, automotive repair, storage yard, contractor operations, fleet parking, or other commercial users requiring secure outdoor space. Renovated in 2025.
The exterior offers secure perimeter fencing and practical functionality for inventory storage, vehicle parking, and day-to-day operations. The interior features a full kitchen, reception area, private executive office and garage/workshop area.
Property may be delivered vacant at closing, or seller may consider a leaseback arrangement to provide in-place income for an investor purchaser, creating a projected 8.92% cap rate based on agreed lease terms.
Opportunity available to acquire the existing dealership operation, dealer license setup, and established infrastructure for an additional consideration.
Phone:786-444-6621
Shown by appointment only. Please do not disturb tenants or visit the property without prior approval. Proof of funds or financing verification required prior to scheduling a showing.
Serious and qualified inquiries only:
(786)444-6621
The exterior offers secure perimeter fencing and practical functionality for inventory storage, vehicle parking, and day-to-day operations. The interior features a full kitchen, reception area, private executive office and garage/workshop area.
Property may be delivered vacant at closing, or seller may consider a leaseback arrangement to provide in-place income for an investor purchaser, creating a projected 8.92% cap rate based on agreed lease terms.
Opportunity available to acquire the existing dealership operation, dealer license setup, and established infrastructure for an additional consideration.
Phone:786-444-6621
Shown by appointment only. Please do not disturb tenants or visit the property without prior approval. Proof of funds or financing verification required prior to scheduling a showing.
Serious and qualified inquiries only:
(786)444-6621
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$57,951
|
$36.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$57,951
|
$36.79
|
| Taxes |
$5,759
|
$3.66
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,759
|
$3.66
|
| Net Operating Income |
$52,192
|
$33.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $57,951 |
| Annual Per SF | $36.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $57,951 |
| Annual Per SF | $36.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $5,759 |
| Annual Per SF | $3.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,759 |
| Annual Per SF | $3.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $52,192 |
| Annual Per SF | $33.14 |
Property Facts
Amenities
- Fenced Lot
- Security System
- Reception
- Storage Space
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Water - City
- Sewer - City
- Heating - Electric
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0650910050002 | Total Assessment | $317,749 CAD |
| Land Assessment | $196,898 CAD | Annual Taxes | $5,759 CAD ($3.66 CAD/SF) |
| Improvements Assessment | $120,852 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
0650910050002
Land Assessment
$196,898 CAD
Improvements Assessment
$120,852 CAD
Total Assessment
$317,749 CAD
Annual Taxes
$5,759 CAD ($3.66 CAD/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Gorriz Enterprises
Versatile Use Flex Building | 16526 Market St
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