8-Unit Strip
For Sale
$1,295,000
801 ZILLOCK RD., San Benito, TX 78586
COMMERCIAL - SAN BENITO, TX
Property Size5,940 SF
Lot Size1.00 Acre
Price / SF$218.01
Days on Market634
Property Features for 801 ZILLOCK RD.
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ELIZARDI
Standard status
Active
Size
5,940 SF
Lot size
1.00 Acre
Building Details
Year built
2016
Floors in Building
1
Listing Agency:
Sapphire Prime Realty
(956) 266-4919
Listed By:
Liz Givens
(956) 266-4919
Added: Nov 12, 2024
Changed: Aug 4
Last Checked: Aug 8 at 4:06PM
MLS# 29760949
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. 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 5,940-square-foot strip mall was built in 2016 and contains 8 units. Five units are presently rented, including occupancy by long-time tenants. The property includes a parking lot and plaza situated on 1 acre, providing the existing commercial layout with on-site parking and outdoor common area.
Located at 801 Zillock Rd. in San Benito, Texas, the property offers an established multi-unit retail configuration. Its current occupancy and eight-unit layout provide a clearly defined commercial asset for evaluating existing tenancy and future suite utilization.
Located at 801 Zillock Rd. in San Benito, Texas, the property offers an established multi-unit retail configuration. Its current occupancy and eight-unit layout provide a clearly defined commercial asset for evaluating existing tenancy and future suite utilization.
Key Highlights
- 8 total units, with 5 units presently rented
- 5,940 square feet of property size
- Parking lot and plaza situated on 1 acre
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
$56,522
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
4.36%
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%
$1,130,440
$1.1M
Cap Rate 7%
$807,457
$807.5K
Cap Rate 9%
$628,022
$628.0K
Market Conditions
NOI Build-Up for 5,940 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
$85.5K $14.40/SF
− Vacancy
−$4.8K −$0.81/SF
EGI
$80.7K $13.59/SF
− OpEx
−$24.2K −$4.08/SF
NOI
$56.5K $9.52/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$14.40 /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%
$1,130,440
Cap Rate 7%
$807,457
Cap Rate 9%
$628,022
Alternative Uses
Best Use
Retail
$807.5K
$706.5K – $942.0K
NOI $56,522 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.02M
$894.9K – $1.19M
NOI $71,594 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
62.5%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 78586, TX
50,135
Population
16,145
Households
3.1
Avg Household Size
32
Median Age
12%
College-Educated
64%
High-School Grad
152.5 sq mi
ZIP Area
329
Density / Sq Mi
$44,158
Median Household Income
$25,906
Median Earnings
$839
Median Rent
$83,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - The property combines occupied suites with a dedicated parking area and plaza on a one-acre parcel.
Where is this strip mall located?
The property is located at 801 ZILLOCK RD. San Benito, TX.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 8 total units, with 5 units presently rented; 5,940 square feet of property size; Parking lot and plaza situated on 1 acre
