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

    801 E Interstate Hwy 2 San Juan, TX

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial property with high visibility on Interstate 2/Expressway 83.

    Type:INDUSTRIAL
    Property size:
    54,608 SF
    Lot size:
    6.34 Acres
    Added:
    May 6, 2024
    Days on Market:
    724
    Last Refresh:
    Apr 5 at 10:11 pm

    Property Features for 801 E Interstate Hwy 2

    General Information

    Standard status
    Active
    Size
    54,608 SF
    Lot size
    6.34 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 801 E Interstate Hwy 2 Contact us

    We can help!

    Listing Contact
    Adrian Arriaga
    Adrian Arriaga

    Listing agent Adrian Arriaga License ##0450641

    Listing office Sperry Commercial Global Affiliates - The Arriaga Group

    Listing date May 6, 2024

    Source Moodyscre

    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 Sperry Commercial Global Affiliates - The Arriaga Group

    Overview

    San Juan Industrial Property

    This commercial property is located on the frontage of Interstate 2/Expressway 83 in San Juan, offering excellent visibility and exposure to high traffic. The property encompasses 54,608 square feet. Its location provides convenient access to shopping, dining, and entertainment options.
    Location Intelligence

    Current Use by Public Records

    Industrial properties

    Map

    City
    San Juan
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.1448
    Latitude
    26.2238

    Nearby Similar for Lease

    • $15 SF/Yr

      San Juan Retail Space Available

      Retail space for lease in a revitalized San Juan center.
      1618 N Veterans Boulevard, San Juan, TX 78589
      View Details
    • $15 SF/Yr

      San Juan Retail Space Available

      Retail space for lease in a revitalized San Juan center.
      1618 N Veterans Boulevard, San Juan, TX 78589
      View Details
    • $15 SF/Yr

      San Juan Retail Space Available

      Retail space for lease in a revitalized shopping center.
      1618 N Veterans Boulevard, San Juan, TX 78589
      View Details
    • $15 SF/Yr

      San Juan Retail Space Available

      Neighborhood shopping center undergoing improvements in a thriving South Texas market.
      1618 N Veterans Boulevard, San Juan, TX 78589
      View Details
    • $15 SF/Yr

      San Juan Retail Space Available

      Retail space for lease in a revitalized San Juan center.
      1618 N Veterans Boulevard, San Juan, TX 78589
      View Details
    • $1,100/Mo

      Sesatty Paza in San Juan

      Commercial suites for rent with parking and high traffic.
      302 E Business 83, San Juan, TX 78579
      View Details
    • $480/Mo

      San Juan Commercial Office Space

      Commercial offices in prime location, suitable for various professionals.
      901 W 1st Street, San Juan, TX 78589
      View Details
    • $500/Mo

      San Juan Commercial Office Space

      Commercial offices in a high-traffic location, ideal for various businesses.
      901 W 1st Street, San Juan, TX 78589
      View Details
    • $0.04 SF/Yr

      Retail Plaza on Raul Longoria

      Retail suites and turnkey restaurant space available for lease.
      1801 N Raul Longoria Rd, San Juan, TX 78589
      View Details
    • $14 SF/Yr

      San Juan Commercial Property ForRent

      Commercial property with excellent visibility and high traffic.
      801 E. Interstate Highway 2, San Juan, TX 78589
      View Details

    FAQs

    What type of property is this?
    Industrial property - Commercial property with high visibility on Interstate 2/Expressway 83.
    Where is this industrial property located?
    The property is located at 801 E Interstate Hwy 2 San Juan, TX.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Prime commercial property on Interstate 2/Expressway 83 frontage.; Excellent visibility.; High traffic area.
    (956) 279-8970 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Adrian Arriaga
    Adrian Arriaga
    Real Estate License ID: #0450641
    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!