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    Ingleside Commercial Building with Office/Warehouse Title is generated by Realmo AI

    1490 Sunray, Ingleside, TX 78362

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    For Sale
    $845,000

    SINGLE_FAMILY - Ingleside, TX

    Type:Office
    Property size:
    5,760 SF
    Lot size:
    0.57 Acres
    Price / SF:
    $146/SF
    Added:
    May 8, 2025
    Days on Market:
    375
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 1490 Sunray

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    L-1
    Parking features
    Off Street
    Standard status
    Active
    APN
    115676
    Size
    5,760 SF
    Lot size
    0.57 Acres

    Taxes and HOA fees

    Tax Description
    BURTON & DANFORTH SUBD BLK G, PT LOT 6 (0.572 ACRES)

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2015
    Floors in Building
    1
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Diana Caldarella
    Diana Caldarella

    Listing agent Diana Caldarella License #0501952

    Listing office Tompkins Young Real Estate 901 Market St Suite A, Portland, TX

    Listing date May 8, 2025

    MLS# 457406

    Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent condition commercial building (5,760 sqft) with office and warehouse space in Ingleside industrial district.
    • Ideal location for industrial and business services with easy access to Hwy. 361.
    • New HVAC units: 5‑ton for warehouse, 3‑ton for office space.
    • Office space (2,340 sqft) includes reception area, three offices, conference room, and two restrooms.
    • Warehouse (3,420 sqft) features a 10' overhead door and steel frame.
    • Foam insulated building with metal siding and roof, built in 2015.

    Overview

    This commercial building, situated on Sunray Road in the Ingleside industrial district, features both office and warehouse space. The total building area is 5,760 square feet. The office component comprises 2,340 square feet, incorporating a reception area, three offices, a conference room equipped with built-in cabinets, a storage room, a file cabinet storage area, finished concrete floors, and two restrooms. The warehouse portion measures 3,420 square feet and includes a 10-foot overhead door, an exterior exit door, overhead lighting, a utility room, and metal interior siding within its steel-framed structure. The entire building benefits from foam insulation and is equipped with two new HVAC units: a 5-ton unit serving the warehouse and a 3-ton unit for the office space. The property, suitable for various industrial and business services, is in excellent condition and is located in an area with petrochemical investments. The lot size is 0.57 acres (24,829 square feet), with easy access to Hwy. 361.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $828.0K
    NOI $74,519 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.06M
    NOI $74,519 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.49M
    NOI $74,519 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $136.9k $23.76
    − Vacancy −$37.5k −$6.51
    EGI $99.4k $17.25
    − OpEx −$24.8k −$4.31
    NOI $74.5k $12.94
    5,760 SF · lease $23.76/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.06M
    $931.5K – $1.24M (±1% cap)
    NOI $74,519 @ 7.0% cap · market cap 8.82%
    Second Best
    Warehouse
    $546.4K
    $478.1K – $637.5K (±1% cap)
    NOI $38,248 @ 7.0% cap · market cap 4.53%
    Theoretical Best
    Hotel Hospitality
    $2.95M
    $2.59M – $3.45M (±1% cap)
    NOI $206,842 @ 7.0% cap · market cap 24.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • TNH Boat & RV Storage — 1740 TX-361, Ingleside, TX 78362
    • BAKER MARINE CORPORATION — Ingleside, TX 78362
    • Mustang Mini Storage — 1618 TX-361, Ingleside, TX 78362
    • Sunray Terminal — 802 Sunray Rd, Ingleside, TX 78362
    • ACI Mini Storage — 1499 Sunray Rd, Ingleside, TX 78362

    Location Insight

    • Map
    • Local Demand
    City
    Ingleside
    County
    San Patricio
    State
    Texas
    Longitude
    -97.187248
    Latitude
    27.870639

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    FAQs

    What type of property is this?
    Warehouse - Commercial building with office and warehouse space in Ingleside, TX.
    Where is this warehouse located?
    The property is located at 1490 Sunray Ingleside, TX.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: Excellent condition commercial building (5,760 sqft) with office and warehouse space in Ingleside industrial district.; Ideal location for industrial and business services with easy access to Hwy. 361.; New HVAC units: 5‑ton for warehouse, 3‑ton for office space.
    (361) 633-9441
    We can help!
    Listing Contact
    Diana Caldarella
    Diana Caldarella
    Real Estate License ID: 0501952
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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