Renovated San Benito Commercial
For Sale
Contact for pricing
100 Crawford Dr., San Benito, TX 78586
Move-in ready office space in the heart of San Benito.
Property Size2,427 SF
Price / SF$119.49
Days on Market175
Property Features for 100 Crawford Dr.
General Information
Standard status
Active
Size
2,427 SF
Property subtype
Land
Building Details
Year Built
1950
Listing Agency:
Keller Williams Realty RGV
Listed By:
Alyssa Castillo · License #TREC # 0834525
Source:
Crexi
Added: Mar 1
Changed: Aug 8
Last Checked: Aug 8 at 3:14PM
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 Keller Williams Realty RGV
Investment Insights
Based on property information with market context.
This remodeled commercial property is located just off Sam Houston Blvd in San Benito. Originally a residence with 4 bedrooms and 2 baths, the 2,427 square foot property has been converted into a modern office space suitable for a range of business uses. Upgrades include new flooring, lighting, walls, interior and exterior paint, energy-efficient windows and doors, a new A/C unit, and a new roof. The property is move-in ready.
Key Highlights
- Completely Renovated: Featuring brand‑new flooring, lighting, walls, interior and exterior paint, energy‑efficient windows and doors, new A/C unit, and a new roof.
- Move‑In Ready/Turnkey: Requires no additional work, allowing for immediate business operations.
- Converted from Residential to Commercial: Suited for a variety of business uses.
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
$22,280
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
7.68%
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%
$445,600
$445.6K
Cap Rate 7%
$318,286
$318.3K
Cap Rate 9%
$247,556
$247.6K
Market Conditions
NOI Build-Up for 2,427 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
$43.7K $18.00/SF
− Vacancy
−$14.0K −$5.76/SF
EGI
$29.7K $12.24/SF
− OpEx
−$7.4K −$3.06/SF
NOI
$22.3K $9.18/SF
Area
Cameron County, TX
Vacancy
32.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$445,600
Cap Rate 7%
$318,286
Cap Rate 9%
$247,556
Alternative Uses
Best Use
Office B
$318.3K
$278.5K – $371.3K
NOI $22,280 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
400
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office space in the heart of San Benito.
Where is this office units located?
The property is located at 100 Crawford Dr. San Benito, TX.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Completely Renovated: Featuring brand‑new flooring, lighting, walls, interior and exterior paint, energy‑efficient windows and doors, new A/C unit, and a new roof.; Move‑In Ready/Turnkey: Requires no additional work, allowing for immediate business operations.; Converted from Residential to Commercial: Suited for a variety of business uses.
