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Property profile & analytics
OFF-MARKET
Commercial real estate

218 Hoffman Ave Kingsville, TX 78363-6228

6,033 SF 0.32 ac lot Built 1925
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-5918718
Property summary
AI-generated overview

This exceptional Kingsville, TX property at 218 E Hoffman Ave presents a unique investment opportunity. The 6,033 square foot lot encompasses a charming 2-bedroom, 1-bathroom home currently generating $850 monthly rental income. This residential component, spanning 1,242 square feet, is complemented by 13 vacant storage units, offering significant potential for increased revenue streams. The diverse storage options include utility trailer garages and concrete-floored units, catering to a wide range of tenant needs. Situated on a 0.32-acre lot, the property is conveniently zoned R2, allowing for flexibility in future uses and development. The asking price is $99,950, and attractive financing options are available, including owner financing and subject-to arrangements. This property is ideal for investors seeking immediate returns and long-term appreciation, offering a blend of residential income and substantial storage unit rental potential. The combination of existing rental income and the untapped potential of the vacant storage units makes this a compelling investment opportunity in a desirable location. Don't miss this chance to acquire a property with proven income and significant upside.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1925
Total area 6,033 SF
Lot 0.32 ac (13,996 SF)
APN 21928
UPID US82-5918718
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Terry Yaklin Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Geoffrey Morales · 4 yrs held
Geoffrey Morales
since 2021
5 recorded transactions
2021
Price N/A
2016
Price N/A
2016
Price N/A
2013
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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