Light Industrial Campus with
Hondo, TX 78861 Hondo, TX 78861
For Sale
$1,500,000
COMMERCIAL - Hondo, TX
Property Size23,050 SF
Lot Size4.00 Acres
Price / SF$65.08
Days on Market313
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Light Industrial
Security features
Security System
Standard status
Active
Size
23,050 SF
Lot size
4.00 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Tile
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Val Verde Realty
(830) 703-6454
Listed By:
James McBee · License #0373143
(830) 703-6454
Added: Sep 18, 2025
Changed: Jul 12
Last Checked: Jul 27 at 5:06PM
MLS# 120340
Copyright © 2026 Kerrville Board 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.
Investment Insights
Based on property information with market context.
This light industrial campus features three buildings on a perimeter-fenced 4-acre tract with a central paved yard and keypad-gated entry. The property includes an approximately 14,800 SF warehouse building with multiple warehouse areas and loading well access, with portions described as climate-controlled and supported by a stated HVAC capacity range. A separate 1,600 SF free-standing office building was built in 2008. There is also a 6,650 SF open-front equipment building built in 2022. Two shipping containers with electricity are on-site, and there is additional vacant area on the tract that may support expansion.
The property is located on the west side of town on Carter Street, across from a golf course and near the airport. It is described as a former beer distributorship in Medina County, approximately 45 minutes west of San Antonio.
With warehouse loading well access, a yard for staging, and multiple building types, the layout is designed for industrial and related operational needs on a secured site.
The property is located on the west side of town on Carter Street, across from a golf course and near the airport. It is described as a former beer distributorship in Medina County, approximately 45 minutes west of San Antonio.
With warehouse loading well access, a yard for staging, and multiple building types, the layout is designed for industrial and related operational needs on a secured site.
Key Highlights
- 4.0‑acre, perimeter‑fenced tract with keypad gated entry on the west side of town across from a golf course
- 14,800 SF warehouse building (YOC 1986‑2020) with 10,000+/- SF climate‑controlled space (17+/- tons) and loading well access
- 1,600 SF free‑standing office building (YOC 2008) for on‑site business operations
Financial Insights For Industrial
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.5k | $9.00 |
| − Vacancy | −$10.4k | −$0.45 |
| EGI | $197.1k | $8.55 |
| − OpEx | −$59.1k | −$2.56 |
| NOI | $138.0k | $5.98 |
23,050 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.49M
$3.93M – $5.24M
NOI $314,146 @ 7.0% cap · market cap 20.94%
Second Best
Flex RnD
$3.47M
$3.03M – $4.05M
NOI $242,717 @ 7.0% cap · market cap 16.18%
Theoretical Best
Office A
$5.88M
$5.14M – $6.86M
NOI $411,576 @ 7.0% cap · market cap 27.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Three buildings on a perimeter-fenced tract include a large warehouse, climate-controlled space, and a paved, gated yard.
Where is this flex space located?
The property is located at Hondo, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4.0‑acre, perimeter‑fenced tract with keypad gated entry on the west side of town across from a golf course; 14,800 SF warehouse building (YOC 1986‑2020) with 10,000+/- SF climate‑controlled space (17+/- tons) and loading well access; 1,600 SF free‑standing office building (YOC 2008) for on‑site business operations
