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    San Juan Retail Space Available Title is generated by Realmo AI

    1618 N Veterans Boulevard, San Juan, TX 78589

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    Claim this Listing
    For Lease
    $15 SF/Yr $29,625/Mo (calc)

    COMMERCIAL - San Juan, TX

    Property size:
    23,700 SF
    Lot size:
    2.49 Acres
    Added:
    Mar 19, 2026
    Days on Market:
    59
    Last Refresh:
    May 16 at 2:06 pm

    Property Features for 1618 N Veterans Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    32
    Standard status
    Active
    APN
    J570000005001200
    Size
    23,700 SF
    Lot size
    2.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    71115

    Building Details

    Year built
    2005
    Floors in Building
    1

    We can help!

    Listing Contact
    Sergio A. Adame
    Sergio A. Adame

    Listing agent Sergio A. Adame

    Listing office API Real Estate 3019 W Alberta Rd., McAllen, TX

    Listing date Mar 19, 2026

    MLS# 498423

    Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location on N. Veterans Blvd in San Juan's retail trade area
    • Undergoing significant improvements: full exterior repaint, upgraded outdoor lighting, and roof renovations
    • Located in a thriving South Texas market with established retailers and growing commercial development
    • Benefits from convenient access and steady traffic flow
    • +/-23,700 SF neighborhood shopping center
    • Built in 2005

    Overview

    Located along one of San Juan's most active commercial corridors, the property at 1618 N. Veterans Blvd offers an opportunity to lease space in a neighborhood shopping center. The shopping center has a size of approximately 23,700 square feet and is undergoing significant improvements. Situated on N. Veterans Blvd, the property benefits from visibility, access, and traffic flow in San Juan's retail trade area. Enhancements to the center include a full exterior repaint, upgraded outdoor lighting, and roof renovations. These improvements aim to modernize the asset and improve long-term performance and tenant comfort, while elevating curb appeal, nighttime visibility, and overall property condition. The property is located on a lot with a size of 2.49 acres. Surrounded by retailers, residential neighborhoods, and commercial development, this center offers an opportunity to establish or expand your presence in a South Texas market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Trinity Plaza — 3601 N Veterans Blvd suite c, San Juan, TX 78589

    Location Insight

    • Map
    • Local Demand
    City
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.16477
    Latitude
    26.20801

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    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center undergoing improvements in a thriving South Texas market.
    Where is this shopping center located?
    The property is located at 1618 N Veterans Boulevard San Juan, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on N. Veterans Blvd in San Juan's retail trade area; Undergoing significant improvements: full exterior repaint, upgraded outdoor lighting, and roof renovations; Located in a thriving South Texas market with established retailers and growing commercial development
    (210) 845-4419
    We can help!
    Listing Contact
    Sergio A. Adame
    Sergio A. Adame
    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.

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