Somerset Road Investment
19940 Somerset Rd Somerset, TX
19940 Somerset Rd, Somerset, TX, 00000
Contact for pricing
For Sale
Contact for pricing
Two buildings on .26 acres, ideal for development.
Property Size1,480 SF
Lot Size0.26 Acres
Price / SF$253.38
Days on Market874
Property Features for 19940 Somerset Rd
General Information
- Standard status
- Active
- Size
- 1,480 SF
- Lot size
- 0.26 Acres
- Property subtype
- RETAIL
Listing agency
Uriah Real Estate Organization - San Antonio
(512) 960-0747
Listed by
Uri Uriah · License #9002555
(512) 960-0747
Source
Moodyscre
Added: Feb 28, 2024 Updated: Jul 6 at 10:59AM Checked: Jul 21 at 6:51AM
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 Uriah Real Estate Organization - San Antonio
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in Somerset, Texas. Situated on approximately 0.26 acres, the site features two buildings measuring approximately 997 square feet and 483 square feet. The location fronts two streets, offering potential for redevelopment or utilization of the existing structures. The property is suitable for a restaurant, gas station, retail space, or office development.
Key Highlights
- Excellent investment opportunity in Somerset, TX.
- Located on .26 +/- acres.
- Two buildings on site: 997 +/- sf and 483 +/- sf.
Local Financial Insights For Specialty Retail
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 | $29.5k | $19.92 |
| − Vacancy | −$1.1k | −$0.72 |
| EGI | $28.4k | $19.20 |
| − OpEx | −$7.1k | −$4.80 |
| NOI | $21.3k | $14.40 |
1,480 SF · lease $19.92/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$304.5K
$266.4K – $355.3K
NOI $21,315 @ 7.0% cap · market cap 5.68%
Second Best
Retail
$281.3K
$246.2K – $328.2K
NOI $19,692 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$400.6K
$350.5K – $467.3K
NOI $28,040 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hammerhead Barbershop
Barber Shop
FAQs
What type of property is this?
Individual retail property - Two buildings on .26 acres, ideal for development.
Where is this individual retail property located?
The property is located at 19940 Somerset Rd Somerset, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Excellent investment opportunity in Somerset, TX.; Located on .26 +/- acres.; Two buildings on site: 997 +/- sf and 483 +/- sf.
