Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15202 Northwest Boulevard Robstown, TX 78380

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $685,000

    Corner lot with frontage and utilities in place, no city taxes.

    Type:Office
    Property size:
    1,506 SF
    Price / SF:
    $454/SF
    Added:
    Jul 3, 2024
    Days on Market:
    665
    Last Refresh:
    Apr 1 at 9:04 pm

    Property Features for 15202 Northwest Boulevard

    General Information

    Standard status
    Active
    Size
    1,506 SF
    Property subtype
    Office

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Eric Atkinson

    Listing agent Eric Atkinson

    Listing office 1836 Realty and Auction

    Listing date Jul 3, 2024

    Source Xome

    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 1836 Realty and Auction

    Overview

    Hard Corner Lot in Calallen

    This property is one of the last hard corner lots available in Calallen, featuring 624 of frontage and existing utilities. Situated less than a quarter mile from the HEB property at 624 & 1889, it is the first property outside of Corpus Christi city limits on the North side of 624, which means there are no city taxes. Located at the intersection of Northwest Boulevard and East Riverview, the property serves as one of the outlets to the Wood River Golf Community and is the main outlet for traffic from Wood River Elementary School. The property size is 1506. The sellers may demo the house with an accepted offer. Given the recent development in Calallen over the last 2 years, properties with 624 frontage or hard corner properties are scarce.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Robstown
    County
    Nueces
    State
    Texas
    Longitude
    -97.7554
    Latitude
    27.7757

    Nearby Similar for Sale

    • $425,000
      17,132 SF

      Historic Robstown Property on Large Lot

      Historic property in Robstown, TX, suitable for adaptive reuse.
      107 N 4th Street, Robstown, TX 78380
      View Details
    • $259,000
      13,499 SF

      Robstown Commercial Opportunity on Main

      Commercial building on Main Street with renovation potential.
      319 E Main Avenue, Robstown, TX 78380
      View Details
    • $399,000
      2,634 SF

      Multi-Use Property with Highway Frontage

      Versatile property with commercial building and residential home on 1.67 acres.
      110 S US Hwy 77, Robstown, TX 78380
      View Details
    • $160,000
      10,470 SF

      Robstown Commercial Comeback Opportunity

      High-visibility corner lot with a large building and redevelopment potential.
      611 Lincoln Avenue, Robstown, TX 78380
      View Details
    • $325,000
      2,000 SF

      Versatile Commercial Building on Highway

      Metal building with office, workshop, and highway frontage.
      612 US Hwy 77 S Bypass, Robstown, TX 78380
      View Details
    • $95,000

      6 Acres Corner Lot Robstown

      Corner lot with highway and railroad frontage in Robstown, TX.
      6ac Highway 44 lot: 8, Robstown, TX 78380
      View Details
    • $375,000

      Unrestricted Land in Robstown, TX

      10 acres of unrestricted land near schools and city amenities.
      3427 County Road 26 lot: 11, Robstown, TX 78380
      View Details
    • $44,999

      Vacant Land in Robstown, TX

      2.6 acre vacant lot in a desirable neighborhood.
      6850 Theresia Street, Robstown, TX 78380
      View Details
    • $73,500

      Robstown Land Near HEB

      High-traffic location near HEB, ideal for building a business.
      Avenue A E lot: E177, Robstown, TX 78380
      View Details
    • $350,000

      Residential Land in Calallen ISD

      1.7+/- acre property with shop in a coveted neighborhood.
      5581 River Trail Drive lot: 25, Robstown, TX 78380
      View Details
    • $65,000

      Unrestricted Land in Robstown, TX

      2.14 acres, residential zoning, mobile homes allowed, utilities available.
      County Rd 81, Robstown, TX 78380
      View Details
    • $95,000

      Two Acre Lot in Robstown

      Two acre lot in prime location near Calallen.
      5560 County Road 101 lot: 6, Robstown, TX 78380
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with frontage and utilities in place, no city taxes.
    Where is this commercial land located?
    The property is located at 15202 Northwest Boulevard Robstown, TX.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: Hard corner lot with **624 frontage and utilities in place.**; Located less than a quarter mile from HEB property at 624 & 1889.; No city taxes.
    (830) 331-7333
    We can help!
    Listing Contact
    Eric Atkinson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!