Retail Space with Semi-Truck Loading
For Sale
$1,250,000
616 US Highway 181, Taft, TX 78390
SINGLE_FAMILY - Taft, TX
Property Size15,576 SF
Lot Size1.10 Acres
Price / SF$80.25
Days on Market257
Property Features for 616 US Highway 181
General Information
Property type
Residential
Property subtype
Retail
Security features
Security
Subdivision
Taft
Standard status
Active
APN
49579
Size
15,576 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Description
TOWN OF TAFT BLK 28 LOTS 5 THRU 10
Legal Description
TOWN OF TAFT BLK 28 LOTS 5 THRU 10
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
5 offices
Break Area
Coolers
Semi-Truck loading dock with overhead door
overhead door for regular delivery
storage
wash sinks
front offices and counter
Outside Fenced Storage
Building Details
Year built
1900
Floors in Building
1
Listing Agency:
Coastal Connection Real Estate
(361) 449-7810
Listed By:
Twyla Smith-McGee · License #0432279
(361) 449-7810
Added: Nov 28, 2025
Changed: Aug 3
Last Checked: Aug 12 at 7:06PM
MLS# 468285
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.
Retail space for sale at 616 US Highway 181, Taft, TX 78390, featuring approximately 15,576 square feet of open retail area plus five offices, a break area, coolers, and front offices and counter space. The building includes storage, wash sinks, and delivery and loading capabilities with a semi-truck loading dock that has an overhead door, along with an additional overhead door for regular delivery. Outside, fenced storage provides an additional area for equipment or supplies.
The property sits on 1.1 acres and is described as offering over 1 acre of parking. The facility is served by public water and public sewer, and includes central electric heating and central air conditioning. Built in 1900, it’s positioned off US Highway 181 near Taft, with the remarks noting proximity to the City of Portland, Corpus Christi, and Sinton.
The property sits on 1.1 acres and is described as offering over 1 acre of parking. The facility is served by public water and public sewer, and includes central electric heating and central air conditioning. Built in 1900, it’s positioned off US Highway 181 near Taft, with the remarks noting proximity to the City of Portland, Corpus Christi, and Sinton.
Key Highlights
- 15,576 SF open retail plus five offices
- Semi‑truck loading dock with overhead door and additional overhead door for delivery
- 1.1‑acre site with over 1 acre of parking
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
$69,815
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
5.59%
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%
$1,396,300
$1.4M
Cap Rate 7%
$997,357
$997.4K
Cap Rate 9%
$775,722
$775.7K
Market Conditions
NOI Build-Up for 15,576 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
$108.4K $6.96/SF
− Vacancy
−$8.7K −$0.56/SF
EGI
$99.7K $6.40/SF
− OpEx
−$29.9K −$1.92/SF
NOI
$69.8K $4.48/SF
Area
San Patricio County, TX
Vacancy
8.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,396,300
Cap Rate 7%
$997,357
Cap Rate 9%
$775,722
Alternative Uses
Best Use
Retail
$997.4K
$872.7K – $1.16M
NOI $69,815 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$7.99M
$6.99M – $9.32M
NOI $559,334 @ 7.0% cap · market cap 44.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 78390, TX
5,447
Population
2,364
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
76%
High-School Grad
201.6 sq mi
ZIP Area
27
Density / Sq Mi
$71,940
Median Household Income
$42,352
Median Earnings
$1,034
Median Rent
$134,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with open space, five offices, fenced storage, and a semi-truck loading dock with overhead doors.
Where is this retail space located?
The property is located at 616 US Highway 181 Taft, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 15,576 SF open retail plus five offices; Semi‑truck loading dock with overhead door and additional overhead door for delivery; 1.1‑acre site with over 1 acre of parking
