Brick Retail Office
For Sale
$229,000
Pending
108 Nebraska Avenue, San Juan, TX 78589
Brick building on a parking lot with C-1 zoning in a well-trafficked business area along Nebraska Ave.
Property Size448 SF
Days on Market239
Property Features for 108 Nebraska Avenue
General Information
Standard status
Pending
Size
448 SF
Property subtype
General Commercial
Zoning
C-1
Taxes and HOA fees
Annual Taxes
$2,375
Amenities
Central Air, Electric
3
10 Parking Spaces. Paved Driveway.
Security Lighting. City Road.
Building Details
Year Built
2022
Listing Agency:
(956) 279-4916
Listed By:
Encore Fine Properties
(956) 279-4916
Source:
Xome
Added: Jan 5
Changed: Aug 25
Last Checked: Aug 31 at 2:21PM
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 Encore Fine Properties
Investment Insights
Based on property information with market context.
This brick commercial building includes an on-site parking lot and is currently being leased. The property is positioned for multiple neighborhood-serving uses, including professional offices, medical services, financial services, personal services, retail businesses, food and beverage, community care facilities, and specialty studios, subject to applicable requirements.
The site is described as being in the heart of San Juan, Texas, with several businesses across the street and along Nebraska Ave, supporting everyday storefront and service activity. C-1 zoning is indicated per the San Juan City GIS online map.
Buyers are responsible for verifying all details and conducting independent investigations regarding the property’s suitability for their intended purpose. No guarantees or warranties are provided regarding completeness or accuracy.
The site is described as being in the heart of San Juan, Texas, with several businesses across the street and along Nebraska Ave, supporting everyday storefront and service activity. C-1 zoning is indicated per the San Juan City GIS online map.
Buyers are responsible for verifying all details and conducting independent investigations regarding the property’s suitability for their intended purpose. No guarantees or warranties are provided regarding completeness or accuracy.
Key Highlights
- Brick commercial building on a parking lot in the heart of San Juan, TX
- C‑1 zoning per San Juan City GIS online map
- Located in a well‑traffic business area along Nebraska Ave, with businesses across the street and along Nebraska Ave
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
$7,494
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
3.27%
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%
$149,880
$149.9K
Cap Rate 7%
$107,057
$107.1K
Cap Rate 9%
$83,267
$83.3K
Market Conditions
NOI Build-Up for 448 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
$13.8K $30.72/SF
− Vacancy
−$3.8K −$8.42/SF
EGI
$10.0K $22.30/SF
− OpEx
−$2.5K −$5.58/SF
NOI
$7.5K $16.73/SF
Area
Hidalgo County, TX
Vacancy
27.40%
Lease Rate
$30.72 /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%
$149,880
Cap Rate 7%
$107,057
Cap Rate 9%
$83,267
Alternative Uses
Best Use
Office B
$107.1K
$93.7K – $124.9K
NOI $7,494 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$337.4K
$295.3K – $393.7K
NOI $23,621 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Explore this area
Business Placement
Demographics for 78589, TX
38,987
Population
12,393
Households
3.1
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
25.5 sq mi
ZIP Area
1,529
Density / Sq Mi
$51,662
Median Household Income
$27,679
Median Earnings
$926
Median Rent
$112,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick building on a parking lot with C-1 zoning in a well-trafficked business area along Nebraska Ave.
Where is this office building located?
The property is located at 108 Nebraska Avenue San Juan, TX.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Brick commercial building on a parking lot in the heart of San Juan, TX; C‑1 zoning per San Juan City GIS online map; Located in a well‑traffic business area along Nebraska Ave, with businesses across the street and along Nebraska Ave
