Flex Space with
For Sale
$325,000
612 US Hwy 77 S Bypass, Robstown, TX 78380
CommercialSale, Robstown, TX
Property Size2,000 SF
Lot Size0.69 Acres
Price / SF$162.50
Days on Market259
Property Features for 612 US Hwy 77 S Bypass
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street, Garage
Subdivision
Ruegg Indust #2 - Rbst
Lot features
Interior Lot
Standard status
Active
APN
752100070020
Size
2,000 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Description
RUEGG INDUSTRIAL #2 - RBST BLK 7 LOT 2
Legal Description
RUEGG INDUSTRIAL #2 - RBST BLK 7 LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
garage doors
workshop
kitchenette
bathroom
fenced lot
Building Details
Year built
1982
Floors in Building
1
Listing Agency:
Coldwell Banker Pacesetter Ste
(361) 592-4343
Listed By:
Mary Elizondo · License #0814521
(361) 720-1340
Added: Jan 8
Changed: Sep 21
Last Checked: Sep 24 at 5:06PM
MLS# 470073
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.
Investment Insights
Based on property information with market context.
This 2,000-square-foot flex building sits on 0.69 acres and includes a workshop accessed through large garage doors. The office component provides four private offices, a kitchenette, and a bathroom. Central air conditioning and central electric heat support the interior, while garage and off-street parking are available.
Located at 612 US Hwy 77 S Bypass in Robstown, the property has Highway 77 frontage and direct highway access. The site includes a fenced lot with additional space behind the building, along with public water and public sewer. Built in 1982, the property is currently tenant-occupied and can support continued rental use or future owner occupancy.
Located at 612 US Hwy 77 S Bypass in Robstown, the property has Highway 77 frontage and direct highway access. The site includes a fenced lot with additional space behind the building, along with public water and public sewer. Built in 1982, the property is currently tenant-occupied and can support continued rental use or future owner occupancy.
Key Highlights
- 2,000‑square‑foot flex building on 0.69 acres
- Highway 77 frontage at 612 US Hwy 77 S Bypass
- Workshop with large garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,674
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$193,480
$193.5K
Cap Rate 7%
$138,200
$138.2K
Cap Rate 9%
$107,489
$107.5K
Market Conditions
NOI Build-Up for 2,000 SF
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.
Gross rent
$16.3K $8.16/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$14.9K $7.44/SF
− OpEx
−$5.2K −$2.60/SF
NOI
$9.7K $4.84/SF
Area
Nueces County, TX
Vacancy
8.80%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$193,480
Cap Rate 7%
$138,200
Cap Rate 9%
$107,489
Alternative Uses
Best Use
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,848 @ 7.0% cap · market cap 44.57%
Second Best
Industrial
$1.70M
$1.49M – $1.99M
NOI $119,287 @ 7.0% cap · market cap 36.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78380, TX
23,386
Population
9,557
Households
2.4
Avg Household Size
38
Median Age
12%
College-Educated
78%
High-School Grad
342.7 sq mi
ZIP Area
68
Density / Sq Mi
$59,322
Median Household Income
$34,709
Median Earnings
$1,001
Median Rent
$141,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Metal construction combines a workshop with private offices and essential support areas.
Where is this flex space located?
The property is located at 612 US Hwy 77 S Bypass Robstown, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,000‑square‑foot flex building on 0.69 acres; Highway 77 frontage at 612 US Hwy 77 S Bypass; Workshop with large garage doors
