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Property profile & analytics
FOR SALE
Commercial real estate

108 E San Patricio Ave Mathis, TX 78368

12,930 SF 0.3 ac lot Built 1927
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-3486553
Property summary
AI-generated overview

This exceptional 12,930 square foot commercial building presents a unique investment opportunity in the heart of Mathis, Texas. Situated on a 0.3-acre lot at 108 E San Patricio Avenue, this property enjoys a high-visibility location ideal for attracting clientele. The building's adaptable layout previously accommodated diverse businesses, including an adult day care center, medical office, and salon, demonstrating its versatility and suitability for a wide array of commercial uses. The spacious interior offers multiple office configurations, allowing for customization to meet specific business needs. This prime location benefits from the ongoing industrial growth in the region, ensuring strong potential for future appreciation and rental income. The property's size and flexible design make it an attractive option for businesses seeking expansion or a new location in a thriving Texas community. The asking price is $646,500. Don't miss this chance to secure a prominent commercial property in a rapidly developing area. This is a rare opportunity to own a substantial and adaptable commercial building in a prime downtown location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1927
Total area 12,930 SF
Lot 0.3 ac (12,981 SF)
APN 0839-0014-0005-002
UPID US82-3486553
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$1.18M
Owner & transaction history
Romelia Leal · 5 yrs held
Romelia Leal
since 2021
2 recorded transactions
2021
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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