Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Office Building for Sale Title is generated by Realmo AI

    120 Green Ave, Taft, TX 78390

    View on Map
    Claim this Listing
    For Sale
    $79,000

    Professional office building in downtown business district with street parking.

    Property size:
    2,403 SF
    Price / SF:
    $32/SF
    Added:
    Mar 18, 2025
    Days on Market:
    439
    Last Refresh:
    May 25 at 6:23 am

    Property Features for 120 Green Ave

    General Information

    Standard status
    Active
    Size
    2,403 SF

    We can help!

    Listing Contact
    Shawn Cass
    Shawn Cass

    Listing agent Shawn Cass License #0326039

    Listing office Cass Real Estate

    Listing date Mar 18, 2025

    Source Exprealty

    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 Cass Real Estate

    HighLights

    • Rare opportunity in downtown business district.
    • Street parking available.
    • Multiple interconnected office spaces.
    • Suitable for various business stages: beginning, expanding, consolidating, or relocating.
    • Two restrooms and a mechanical room.
    • Option to lease out unoccupied offices (1, 2 & 3).

    Overview

    Located in the downtown business district with street parking, 120 Green Avenue, also known as the Tierra Building, presents a commercial real estate opportunity. The property is suitable for businesses looking to begin, expand, consolidate, or relocate. The building features a lobby entrance that welcomes customers. The front office provides access to a second office. The third office offers a significant amount of space with tall ceilings and connectivity to the fourth office. The fifth office, along with the rest of the offices, can be accessed from the hallway or through interconnected doors. At the end of the hallway, there are two restrooms, a mechanical room, and a rear exit door. Current tenants operate a law practice. Offices 1, 2, and 3 are currently unoccupied, offering the option to lease them out or occupy them. The property has a size of 2403 square feet.
    Location Intelligence

    Current Use by Public Records

    San Patricio Justice ... County Government Office Taft Tribune Publishing House

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Building Supply Auto Repair Shop Pharmacy Accounting Firm Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Taft
    County
    San Patricio
    State
    Texas
    Longitude
    -97.395043
    Latitude
    27.977879

    Nearby Similar for Sale

    • $1,250,000
      15,576 SF

      Taft Retail Store on Highway

      Retail store with offices, loading dock, and fenced storage.
      616 US Highway 181, Taft, TX 78390
      View Details
    • $1,100,000
      9,100 SF

      Commercial Warehouse Ready For Enterprise

      Commercial warehouse with office space on 2.7 partially fenced acres.
      8808 County Road 1458, Taft, TX 78390
      View Details
    • $60,000
      1,220 SF

      Commercial Building in Taft, Texas

      Commercial property suitable for store, restaurant, or retail use.
      101 Mcintyre Avenue, Taft, TX 78390
      View Details
    • $115,000
      1,750 SF

      Versatile Commercial Building in Taft, TX

      Commercial building with flexible layout, ideal for retail or office.
      206 Green Avenue, Taft, TX 78390
      View Details
    • $79,000
      2,403 SF

      Professional Office Building in Taft

      Office building in downtown Taft, ready for professional use.
      120 Green Avenue, Taft, TX 78390
      View Details
    • $220,000

      Waterfront Acreage in Taft, Texas

      Bayfront land with water views near Corpus Christi.
      W/2 OF LOT 17 County Road 2200 lot: 17, Taft, TX 78390
      View Details
    • $1,641,938
      10,500 SF

      New Taft Retail Investment Opportunity

      New construction Family Dollar with corporate guarantee along Highway 181.
      180 US-181, Taft, TX
      View Details
    • $10,130,000
      4,650 SF

      New Retail NNN Lease Property

      New construction retail property with a long-term NNN lease.
      State Hwy 89 Frontage Rd, Taft, TX
      View Details
    • $1,545,352
      10,500 SF

      Taft, TX NNN Property

      NNN property in Taft, TX with 8.25 years remaining.
      180 US-181, Taft, TX 78390
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office building in downtown business district with street parking.
    Where is this office units located?
    The property is located at 120 Green Ave Taft, TX.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: Rare opportunity in downtown business district.; Street parking available.; Multiple interconnected office spaces.
    (972) 333-3727
    We can help!
    Listing Contact
    Shawn Cass
    Shawn Cass
    Real Estate License ID: 0326039
    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

    Thank You for Inquiry
    120 Green Ave, Taft, TX
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!