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27390575
27390600

322 Laurel Street, La Marque, TX 77568

CK
TX 444488
Key 2 Texas Realty
Listed by Key 2 Texas Realty
$937,000
240 days on market
Updated 3 days ago
Opportunity zone

100% Occupied Mixed-Use | Additional Parcel Included

Details
APN 2775-0004-0100-006
Property Type Office, Mixed Use (+1)
Sub Type Traditional Office, Religious/Church (+1)
Square Footage 11,014
Units 2
Cap Rate 6.4%
NOI $60,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Rent Bumps No
Pro-Forma Cap Rate 8.50%
Pro-Forma NOI $80,000
Price per SqFt $85
Broker Co-Op Yes
Class C
Year Built 1965
Buildings 1
Stories 1
Acreage 0.970
Zoning C-2 Restricted Commercial
Parking Spaces 50 spaces
Parking Per SqFt 4.54
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No

100% Occupied | Bonus 0.42 Acre Included | Opportunity Zone

Marketing description

322 Laurel Street presents a unique value-add investment opportunity in La Marque, Texas. This approximately 11,014-square-foot mixed-use property is currently 100% occupied by a church and funeral home, providing immediate income and stable occupancy.

The property generates approximately $73,200 in annual gross rental income and benefits from recent capital improvements, including roof, HVAC, and interior renovations. Current in-place rents are below market, creating an opportunity for future rent growth and increased value over time.

Included in the sale is an additional approximately 0.42-acre commercial parcel located across the street, providing potential for additional parking, future development, expansion, storage, or resale.

Located within an Opportunity Zone and zoned C-2 Restricted Commercial, the property offers flexibility for a variety of future uses while benefiting from convenient access to Interstate 45, Houston, Texas City, Galveston, and the surrounding Gulf Coast market.

The property was appraised at $1,155,000 in July 2025 and is being offered at $937,000. Buyers should independently verify all financial information, zoning, lease terms, acreage, development potential, and Opportunity Zone benefits.

Investment highlights

• Appraised at $1,155,000 (July 2025) • Offered at $937,000

• 100% occupied mixed-use investment property

• Current tenants include a church and funeral home

• Approximately $73,200 annual gross rental income

• Approximately $60,000 current NOI

• Opportunity Zone location

• Additional approximately 0.42-acre commercial parcel included in sale

• Recent roof, HVAC, and interior improvements

• C-2 Restricted Commercial zoning

• Approximately 11,014 SF building

• Below-market in-place rents provide future upside potential

• Appraised at $1,155,000 (July 2025)

• Convenient access to I-45, Houston, Texas City, and Galveston

• Potential uses include office, religious, professional services, medical, and community-oriented uses

Listing Contacts

CK
TX 444488
Key 2 Texas Realty
Listed by Key 2 Texas Realty

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Loan Amount
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$60,000.00
$5,000.00/mo

Valuation Metrics

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DSCR
6.4%
Cap Rate
6.4%
ROI

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Additional Information

Name
Cynthia Key
License
444488
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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