Historic Retail Building with
1118 18th St Hondo, TX 78861
New
1118 18th St, Hondo, TX, 78861
$342,720
For Sale
$342,720
Historic storefront includes a spacious front sales area, rear warehouse, two bathrooms, and a rear exit to an alley.
Property Size3,264 SF
Price / SF$105
Days on Market5
Property Features for 1118 18th St
General Information
- Standard status
- Active
- Size
- 3,264 SF
Listing agency
Springer Realty
(830) 741-0631
Listed by
Cole Springer
(830) 741-0631
Source
Exprealty
Added: Jul 19 Updated: Jul 22 at 7:29PM Checked: Jul 22 at 7:29PM
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 Springer Realty
Investment Insights
Based on property information with market context.
This historic retail building offers a spacious main storefront area with original hardwood floors in excellent condition. The rear portion includes a large warehouse area, an additional storage room, two bathrooms, and a rear exit to an alley that supports deliveries and day-to-day operations.
A ramp leads up from the parking area to the main entrance. The property is described as being located just off Highway 90 on a busy commercial corridor in Hondo.
Overall, the building’s front retail layout combined with a warehouse-backed rear provides an adaptable configuration for businesses needing a retail presence and back-of-house storage or operations space.
A ramp leads up from the parking area to the main entrance. The property is described as being located just off Highway 90 on a busy commercial corridor in Hondo.
Overall, the building’s front retail layout combined with a warehouse-backed rear provides an adaptable configuration for businesses needing a retail presence and back-of-house storage or operations space.
Key Highlights
- Historic commercial building in downtown Hondo, just off Highway 90 on a busy corridor
- Spacious front retail/sales area with original hardwood floors
- Rear warehouse plus additional storage room for flexible business use
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.4k | $9.00 |
| − Vacancy | −$1.5k | −$0.45 |
| EGI | $27.9k | $8.55 |
| − OpEx | −$4.2k | −$1.28 |
| NOI | $23.7k | $7.27 |
3,264 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$624.2K
$546.2K – $728.2K
NOI $43,693 @ 7.0% cap · market cap 12.75%
Second Best
Warehouse
$338.9K
$296.5K – $395.4K
NOI $23,721 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$832.6K
$728.5K – $971.4K
NOI $58,281 @ 7.0% cap · market cap 17.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Blooms & Blossoms Floral Shop — 1620 Ave M, Hondo, TX 78861
- Chelsea's Flower Designs — 1115 19th St, Hondo, TX 78861
FAQs
What type of property is this?
Storefront property - Historic storefront includes a spacious front sales area, rear warehouse, two bathrooms, and a rear exit to an alley.
Where is this storefront property located?
The property is located at 1118 18th St Hondo, TX.
What is the asking price?
The asking price for this property is $342,720.
What are key features of this property?
This property features: Historic commercial building in downtown Hondo, just off Highway 90 on a busy corridor; Spacious front retail/sales area with original hardwood floors; Rear warehouse plus additional storage room for flexible business use
