Dock-High Warehouse and
For Sale
$5,900,000
1 Runnels Rd, San Benito, TX
Warehouse facility with four dock-high doors, one drive-in door, and trailer parking on a 10-acre industrial site.
Property Size82,025 SF
Lot Size10.00 Acres
Price / SF$71.93
Days on Market124
Property Features for 1 Runnels Rd
General Information
Standard status
Active
Size
82,025 SF
Lot size
10.00 Acres
Warehouse & Industrial
Dock-High Doors
4
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$56,876
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
Listed By:
Daniel Galvan · License #582851
(956) 451-2983
Source:
Exprealty
Added: May 4
Changed: Aug 20
Last Checked: Sep 4 at 10:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Rio Grande Valley
Investment Insights
Based on property information with market context.
This 10-acre industrial property is improved with a functional, well-maintained warehouse designed to support a range of operations. The building includes four dock-high doors and one grade-level drive-in door to accommodate loading and unloading needs. The site layout provides ample trailer parking and strong on-site maneuverability.
The property is located at 1 Runnels Road in San Benito, Texas, with close proximity to Interstate 69E for regional connectivity and convenient access to key transportation routes.
The available configuration combines dock-high loading capacity with grade-level access, supported by a yard designed for trailers and efficient movement around the facility.
The property is located at 1 Runnels Road in San Benito, Texas, with close proximity to Interstate 69E for regional connectivity and convenient access to key transportation routes.
The available configuration combines dock-high loading capacity with grade-level access, supported by a yard designed for trailers and efficient movement around the facility.
Key Highlights
- 10‑acre industrial site in San Benito, Texas with a functional, well‑maintained warehouse facility
- Warehouse has four dock‑high doors plus one grade‑level drive‑in door for loading and distribution
- On‑site trailer parking and ample maneuverability for logistics and transportation operations
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
$465,983
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
7.90%
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%
$9,319,660
$9.3M
Cap Rate 7%
$6,656,900
$6.7M
Cap Rate 9%
$5,177,589
$5.2M
Market Conditions
NOI Build-Up for 82,025 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
$580.7K $7.08/SF
− Vacancy
−$32.5K −$0.40/SF
EGI
$548.2K $6.68/SF
− OpEx
−$82.2K −$1.00/SF
NOI
$466.0K $5.68/SF
Area
Cameron County, TX
Vacancy
5.60%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
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%
$9,319,660
Cap Rate 7%
$6,656,900
Cap Rate 9%
$5,177,589
Alternative Uses
Best Use
Warehouse
$6.66M
$5.82M – $7.77M
NOI $465,983 @ 7.0% cap · market cap 7.90%
Second Best
Industrial
$5.48M
$4.80M – $6.40M
NOI $383,751 @ 7.0% cap · market cap 6.50%
Theoretical Best
Healthcare Medical
$14.12M
$12.36M – $16.48M
NOI $988,631 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- San Benito RV Storage — 1161 E Expressway 83, San Benito, TX 78586
- Tip Top Towing — 1811 E Stenger St, San Benito, TX 78586
- Preferred Self Storage Unit — 261 E Batts St, San Benito, TX 78586
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse facility with four dock-high doors, one drive-in door, and trailer parking on a 10-acre industrial site.
Where is this warehouse located?
The property is located at 1 Runnels Rd San Benito, TX.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 10‑acre industrial site in San Benito, Texas with a functional, well‑maintained warehouse facility; Warehouse has four dock‑high doors plus one grade‑level drive‑in door for loading and distribution; On‑site trailer parking and ample maneuverability for logistics and transportation operations
