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

    1602 Water St Gonzales, TX 78629

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $160,000

    Half-acre commercial land with high visibility on US Hwy 183.

    Lot size:
    0.42 Acres

    Property Features for 1602 Water St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.42 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Rebekah Morgan
    Source: Elliman

    Listing Agency: Heritage Oak Realty Listing Agent: Rebekah Morgan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Land on US Hwy 183

    This commercial land is located on the heavily trafficked US Highway 183 Bypass. The property is nearly half an acre, offering various possibilities. Situated two blocks from the intersection of US Highway 183 and Highway 90, the property benefits from high visibility and desirability. The location is suitable for any business.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gonzales
    County
    Gonzales
    State
    Texas
    Longitude
    -97.46189
    Latitude
    29.512698

    Nearby Similar for Sale

    • New
      $150,000
      2,576 SF

      Victorian Commercial Building in Gonzales

      Two-story, 2,576 SF Victorian building in high-traffic Gonzales location.
      901 N Saint Joseph St, Gonzales, TX 78629
      View Details
    • $975,000
      5,500 SF

      Gonzales Office Building For Sale

      5,500 SF office building in historic Gonzales, Texas.
      2719 Church St, Gonzales, TX 78629
      View Details
    • $975,000
      2.00 Acres

      Gonzales Office Building For Sale

      5,500 SF office building in historic Gonzales, Texas.
      2719 Church St, Gonzales, TX 78629
      View Details
    • New
      $649,000
      3,528 SF

      Well-Maintained 6-Unit Family Property

      Prime investment opportunity in Gonzales, Texas with immediate cash flow.
      815 Saint Peter St, Gonzales, TX 78629
      View Details
    • $375,000
      1,200 SF

      Commercial Property with Lay Down Yard

      Multi-use commercial property with office and lay down yard.
      530 Seydler St, Gonzales, TX 78629
      View Details
    • $975,000

      Gonzales Office Building For Sale

      5,500 SF office space with income potential in Gonzales.
      2719 Church St, Gonzales, TX 78629
      View Details
    • $350,000

      Corner Lot Retail/Office Building

      Multi-unit building near downtown Gonzales with retail/office potential.
      830 Saint Paul St, Gonzales, TX 78629
      View Details
    • $350,000

      Versatile Gonzales Property with Income Potential

      Multi-unit property near downtown Gonzales with retail/office potential.
      830 Saint Paul St, Gonzales, TX 78629
      View Details
    • $1,900,000
      233.59 Acres

      233+/- Acre Gonzales Land

      233+/- acre ranch land near I-10 in Gonzales, TX.
      Cr 412, Gonzales, TX 78629
      View Details
    • $485,000
      0.84 Acres

      Gonzales Commercial Warehouse - Prime Location

      Spacious warehouse/office space near I-10. Great investment opportunity.
      512 Jones St, Gonzales, TX 78629
      View Details
    • $2,000,000
      13,768 SF

      Gonzales Restaurant & Event Venue

      Prime Gonzales location, multiple income streams.
      216 Middle Buster Rd, Gonzales, TX 78629
      View Details
    • $1,450,000
      Pending

      Gonzales County Ranch with Bluebonnets

      Fenced ranch featuring bluebonnets, water wells, and abundant oak trees.
      1342 Cr 358 Rd, Gonzales, TX 77984
      View Details

    FAQs

    What type of property is this?
    Commercial land - Half-acre commercial land with high visibility on US Hwy 183.
    Where is this commercial land located?
    The property is located at 1602 Water St Gonzales, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Excellent location on heavily trafficked US Hwy 183 Bypass; - Nearly half-acre lot offers endless possibilities; - Highly noticeable and desirable property
    (830) 857-5664
    Request Owner's contact information
    1602 Water St Gonzales, TX 78629
    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.
    1602 Water St
    Gonzales, TX 78629
    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
    1602 Water St Gonzales, TX 78629
    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

    We can help!
    Listing Contact
    Rebekah Morgan
    Real Estate License ID: 0695626
    (830) 857-5664 (830) 672-2522
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!